Accordingly, if we can clear at least one component of that syndrome (most likely the overbought or overbullish aspect) without also provoking a broader deterioration in market internals, we'll have a reasonable window in which to
accept a moderate exposure to market fluctuations.
Once we clear some component of this syndrome (and assuming that market internals don't simultaneously deteriorate markedly), we'll have some latitude to
accept moderate exposure to market fluctuations.
Not exact matches
As noted above, if we can clear that overbought condition without a measurable deterioration in market internals, we remain willing to
accept a
moderate speculative
exposure to market fluctuations (in practice, roughly 2 % of assets in call options).
We're willing to
accept a
moderate amount of speculative call option
exposure, but we're not about to lift our defenses outright under present conditions.