Ep. 131: Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The History of the Chinese Bubble
In September 2007, I was invited to be the keynote speaker of a macro-H fan management conference. Three weeks after my presentation, the markets lost 20%, and once through a phase of volatility at Pivol,. The total market lost 70% until the end of the year. In 2009, we also identified that this new bubble, a smaller one, was unsustainable. We published, again, a prediction in advance, stating that by August 2009, the market will correct.
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