Ep. 1032: Russell Korgaonkar Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Inefficiency and the Stress of the Market
Covet is a great example because it's fresh in everyone's memory. What you find during these stress periods is two things happen. Volatility goes up and people's level of uncertainty increases. And the second thing that tends to happen is that you get this snowball effect. A small loss lends tself to a larger loss. The stress of the market increases, and the whole thing increases. It camtulates both things very, very nicely. But most people that we talk to, at least maybe not fik than we are, but they believe in the power of tram following during stress environment.
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