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Ep. 861: Patrick McGinnis Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Fear-Based Retraction in Valuations

FOMO clearly drives them. It's sort of like the tulip. Same within 2000, you had all these companies, these companies like pets.com and that were being valued at crazy valuations but there was actually nothing to them. I think the question we'll have to see play out is, okay, these stocks have, there was a clear run up evaluation,. then there's been a fear-based retraction in valuations.

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