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Ep. 705: Howard Marks Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Precariousness of Cycles

The market has risen for about 10 years if you're in the credit market like I am. The low was reached in March of 2009 in the US stock market. We know how long it's gone but I have no idea what it's going to do tomorrow or next month or even next year. Knowing the tendency tells you nothing about what's going to happen tomorrow.

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