Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Cycle of Precarity
Most people understand that there's a cycle that takes place. The higher more positivity it has risen on the less potentially profitable and the more precarious it is. Nobody can tell them that cycles involving people in psychology are not regular they're not dependable, do not repeat in their particulars nobody can say that when the cycle has gone up eight x percent or has gone up for x years that it's going to turn down this one has risen for about 10 years if you're in the credit market like I am or nine and a half years if you'm in the US stock market we know how long it's gone but I have no idea what it's doing tomorrow or next month or even next
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