We call it the zigzag theory. You want to find something that zigs and something that zags and blend them together to get a better combined performance.
We test everything on a one- and a three-year cycle. And you want to stress-test a model, and the three-year test usually does that because you have a growth and value bias. You have different interest rate environments.
After the Versailles treaty, the U.S. could have chosen to become a global economic loan shark, but we didn't, and let a lot of the tab slide. So not all lending and borrowing is bad.
I still love the semiconductor industry.
If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.
Since we try and take a fairly buy-and-hold approach to our newsletter portfolios and don't sell at every whipsaw, we want to have a mix of stocks that will perform at both ends of the oscillation.