Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Cycles of the Financial World
Cycles in the financial world are produced by people and they stem largely from the oscillations in people's feelings which of course are not regular a cycle is an up and down pattern around a midpoint or it can be like go likened to the swing of a pendulum back and forth from a midpoint. These things don't move in a straight line they they fluctuate around that midpoint and that fluctuation produces the cycle now i've read about cycles going by hundreds of years you have to know history to understand the world we can't live through history anymore.
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