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Bullish Trends and Significant Corrections

BY CHRIS CIOVACCO | JUNE 22, 2009 | 12:34 PM | 0 COMMENTS

We were recently asked by a client, "If you see signs of a possible new bull market, why are we still sitting on so much cash?" It can be answered by using a fence analogy. We have been taking some smaller positions while maintaining a relatively high cash position in order to play both sides of the fence:

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