"It is simple, and keeps you in cash when there is a good chance of losing lots during recessions (when you and/or your spouse might lose your job, you can't put more on credit cards, etc.)."
"Genius@work beat me to it, but I think I gave more detail.
You can do complex technical analysis, and can time the market, but it is hard, requires you to be totally unemotional - when a level is breached, or an indicator turns, you enter or exit the trade."
"In the interest of full disclosure, today I'm 100% in a 2x inverse Russel 2000 fund (TWM) because I'm expecting a market crash, dislocation, or a bunch of 1-2% down days over the next few months."
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