Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Combustion of the US Stock Market
In 2012, there was a sell-off in especially emerging market activities that then went over to other markets as well. The story I think here out there is about the Russian situation in 1998 or 1997. No one was really looking at Russia, but then Russia came into a problem and became a crisis. And all of a sudden this Russian crisis impacted all the market at that moment. That's when we say it's a fire and it's combusting and then it's impacting many, many other markets,. Even markets in which it really should not be impacted at all.That's the thing that's going on. These kinds of movements can create big refreshes in some trends," he says
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