Ep. 796: This Trend Stuff Won't Die with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Introduction
Michael Koval: I want to talk about charts that you can't see, but I'm going to do my level-headed best to describe them. The first chart is courtesy of the New York City Taxi and Limousine Commission. In 1995 or so, a New York City taxi medallion was about $200,000 in US dollars. Since then, Uber, Lyft, Grab, taxi cab services, it's crashed. It's crashed right back down to the levels that it was at in 1995.
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