David Edwards was recently interviewed by Kathleen Hays on Bloomberg Radio.
Edwards commented that "he expected US stocks to sell-off 10% in the next 6 months," and that he would use the opportunity to reduce bond holdings and add to stock holdings.
He would not sell stocks in anticipation, because, as was seen in April-August 2010, the 10% sell-off was followed by a 20% rally. Hear excerpts from the interview:
Part One & Part Two.
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