Putting the Lipstick on the Pig

Vall: Trend followers are very diehard in their beliefs about the trend following process. But it is a category that has some of the largest dispersion an returns among managers. Vall says you should tra as many markets as possible, but they have to be liquid and not tied to the hip. If you can find uncorrelated,. independent markets, wheat and natural gas and equities and bonds, then those are great - so just look for them.