Ep. 388: Logic Over Faith with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Volatility of Mainstream Equities
Vogue: The things that you're talking about basically are very subject in my experience to Vogue's. You would go into the crash of 2007, 2009 with maybe $200 million, $250 million in total in commodity futures funds, and you would come out of the crash with $2.5 billion. Of course, Nick has those numbers wrong. He's not accurate in those numbers. That might have been with one trader. Now, I'm not necessarily going to sit here and pick on him for his memory of these particular data points. But he's pretty damn forceful and he'spretty damn strong about his opinion continuing.
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