No. of Recommendations: 1
Executive summary (one possible interpretation): if you can pick a
long-only blend that works in bear periods, it's probably an excellent
blend for bull periods too, so why bother with the switching?


Because many of the screens that only do well during bull periods do really, really well during the bull periods. IOW, greed. Or more graciously put, wanting to avoid the opportunity cost of being in the bear-friendly blend during bull markets.

- Joe
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