Here's a link for anyone who still believes anything said on CNBC

Link

Here is the paragraphy where he mentions being on CNBC.

"Let me preface this analysis by stressing again that my intention is not to drive investors out of well considered investment plans. There is nothing wrong with a buy-and-hold approach provided investors are aware of how strong the impulse is to abandon that strategy only after deep declines. I appeared briefly on CNBC last week to discuss recession risk, but beforehand, I was asked to put a positive tone on my comments, to which I responded - "Look, my interest is in making sure that investors have positions that they are able to hold through the complete market cycle, including a potential 30% bear market loss off the highs, without having their financial security endangered. If they're carrying more risk than they could endure through the course of a bear market, they should cut back now. I'm not going to wave my arms around about doom and gloom, but I think it's a crucial time for investors to think about the risk they're taking, and if you don't want me to say that, please don't have me on." Well, I went on, and though we ran short of time, that's still my message

This is also good advice for anyone in NOT. You should cut back to a point a 30% decline would not leave your financial security at risk.

I know if you added my NOT and area plays together a 30% decline would hurt a lot but I would be able to survive it. I do think I am at my maximum exposure (at least I hope my greed does not get me to buy more)