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I don't believe that. Here's a link to their site that shows they are fully
invested, at least according to this model. I can tell you from periodically
following their signals that they were out of the market from 8-99 to about
March 2000, and have been long ever since.
<A HREF="http://www.wwfn.com/crashupdate.html";>The U.S. Stock Market Crash
Index</A>
Howard
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