Ep. 424: The Wizard Jeremy Siegel Filleted with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Dow Jones Predictions
Koval: "I was far too bullish last December. But I also said then that it depended on oil, on commodity stabilizing" He says the markets are spooking because of deflationary forces from commodities and a loss of Chinese reserves. Koval: "The people that make the money think like this guy's seagull." The lesson is not about predicting where earnings are going to go in the future but probability waiting.
Play episode from 22:12
Transcript
