This is an extremely well thought out view from Paul McCulley at PIMCO. He is a fundamental guy who knows behavioral finance (read: trend trading strategies) is better at explaining market behavior these days.
"Over the last 15 years, through non-stop trading systems research and interviews with great traders, I have assembled the most unique trend following education available. My access to top traders has enabled me to teach trading rules found nowhere else and I pass those lessons along to students. My unique educational courses, which include proprietary trading systems, are designed to do one thing: give you the chance to make the big money."
Michael W. Covel, TurtleTrader® President, Trend Following & Turtle Trading Expert
November 10th, 2009 at 1:44 pm
“…that markets can stray quite far from “
‘fundamentally justified”
‘ values,…”
It’s nice to hear a fundamental guy actually admit that.