ARTICLE SYNOPSIS ...Stock hedge portfolios: A strategy for all seasons by Larry Christy If you're looking for a conservative way to make substantial profits in any kind of market environment, you may want to consider common stock hedge portfolios. By balancing an equal amount of your capital in long and short stock positions, you can reduce market risk and take advantage of the ability of some stocks to outperform other stocks. For an example of the theory behind this strategy, just check The Wall Street Journal's listing of yesterday's biggest percentage gainers and losers among common stocks. On any given day...