Ep. 943: GameStop with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The End of Euphoria
We are at mass psychotic euphoria. How long does it go on? I don't know. We're there though. And if past history is any indication of how the human animal can move markets, why can you not imagine the S and P down 80%? Is that past your imagination? You could never see that possibility. Why not? I'm not predicting it. I don't really care if it happens or not. But you should be able to imagine it. Let's say a Japanese style equity market. And it's guns and butter time then folks. The last opportunity for the average Joe to make a buck. If retirement accounts get nipped right as the baby boomer
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