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But during "sell" signals, he recommends going fully to cash.
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By this measure, allocations should be reduced most in Germany and Japan -- markets that are most correlated to that of the United States during sell-offs.
A portfolio aimed that high needs to take on so much risk that it could well lose 50percentt of its value during sell-offs.
Similarly, Mr. Grantham said in an interview that even though his firm began buying stocks in early October, after prices fell to attractive levels, the market had a tendency to "overshoot" during sell-offs.
The idea was that De Winne would appear on screen during sell-out concerts being staged around Europe.
The fund has consistently had a sizable position in cash (around 10% to 20% of assets), as management likes to keep a bit of powder dry to allow it to pounce on opportunities during sell-offs.
After a sermon or during events, sell cookies to your friends and family.
Operating mode 10S/4E/6S/4E: the installation interrupts or stores its production during 10 h, sells during 4 h, interrupts or stores during 6 h and sells for another 4 h (selling during the daily price peaks in the morning and in the evening and interrupting from 8 p.m. to 6 a.m. and from 10 a.m. to 4 p.m., adapted to the 'phelix sun peak future').
That follows a major slump on Wednesday during a sell-off after Trump's unexpected victory.
Mr. Salinas has acknowledged that he engineered huge profits from insider deals during the sell-off of government-owned enterprises.
"If the alternative is to concentrate your bets, where would you have concentrated during this sell-off?" he asked.
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