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Ep. 1086: Jim Cullen Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Great Recession of 1975

I was in my late 20s, early 30s. I was happy as it could be. The Merrill Lynch office had brought three older guys in who were around for the prior period and they were talking about dividends or one out of you. They just got overpriced. You get into the early 70s. You go from 68 to 75. That's a rough period. By the end of 1975, Wall Street was deserted. We had the tumbleweed going down the middle of Wall Street. All of a sudden, my millennial self said, uh-oh.

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