2min chapter

Michael Covel's Trend Following cover image

Ep. 1130: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

What's a 92% Drop?

The last bubble economy was the roaring 20s, the 1929 bubble peak. There's a 90 year, what I call super bubble cycle. Every other one gets more bubbly. Bubbles are even rare. But it happens every 40 years. You're looking from the top of the NASDAQ to the bottom of the NASdaq, you can imagine a 92% drop. It's just a return to the last major lows in early 2009.

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