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Who Is Trend Following for and Who Is It Not For?
Can you imagine if the NASDAQ went down 77% from where it is today? Most people can't because we've had this crazy unusual run of Fed intervention over the last 22 years. But who if they just at least pinch themselves right now, who feels okay with the current environment? Look around the world. Why can't America go the root of Japanese equities down almost 50%, 30 plus years later? Anything possible.