Hedge fund net leverage had continued to decline steadily during recent months, even as the S&P 500 recovered to within 1% of its record high.
http://www.zerohedge.com/news/2018-09-14/hedge-funds-slash-their-exposure-stocks-worst-possible-time

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.