"it's not clear" / "critical juncture" / "on a knife edge, I don't have a clear view either way, if you had to push me I'd say the market's going to do some time here" / "move sideways"
"we have a lot of protection in our portfolios today because we think we are at the tail-end of this cycle, returns in the 3-5 year horizon will be very low and may in fact be negative"
He *might* be right... and it never hurts to wear some protection But I think he's not very convincing.
ALF Price at posting:
$1.23 Sentiment: Sell Disclosure: Not Held