Kass: Risk/Reward Ratio Improves
Nonetheless, the earnings cliff is still an overriding concern of mine, and it limits the upside to U.S. equities.
The risk/reward ratio has improved for equities, but the risk/reward ratio for my short bond position might have improved even more. With business picking up in the U.S. and China coupled with the possibility of less fiscal drag in 2013 -- the ingredients for an earlier-than-expected inc
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