Ep. 1050: Vitaliy Katsenelson Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Euphoria of 1999
I think a lot of it got covered up by this tremendous liquidity that has been thrown into the system. I have a friend who had a store that sells baseball cards. He made more money in the last year and a half than he made in previous 20 years. That is just a function of all this liquidity that you have in the system. And obviously it's put into stocks as well. Look at the housing market as well. Everything. That's the second order effect of us shutting down the economy, by the way. The euphoria from that excess, from that excess liquidity you described, that euphoria, it is a kissing cousin of 1999.
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