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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 Power of Excessive Markets

Markets get heated up, they go to excess. How that plays out is different depending on how bad it gets or how excessive it gets. I used RCA as a classic. They would be basically the only person selling radio. The stock went up like 500%. Even though people were buying radios, they were making money. It's just that valuation got ahead of itself. That played out and the recession came along. Next thing you knew, you had enthusiasm when I started.

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