Michael Covel's Blog: The Trend Following Manifesto | Students 70+ Countries
Caught this line from Alan Greenspan:
“I conclude that the current government activism is hampering what should be a broad-based robust economic recovery, driven in significant part by the positive wealth effect of a buoyant U.S. and global stock market.”
He means by government activism…QE2? But if there was none of that would there be a “buoyant” stock market? Isn’t Greenspan the chief architect for creating wealth effects in stocks and real estate? I am confused! Not.
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Michael Covel serves as president of Trend Following™, a privately owned research firm. His trend following books include The Little Book of Trading (2011), Trend Commandments (2011), The Complete TurtleTrader (2009, 2007; bestseller), and the classic Trend Following (2009, 2007, 2005, 2004; bestseller). Covel's books have been translated into 10+ languages. His first film, a documentary, is Broke: The New American Dream (2009). Learn why.
Our YouTube Channel Michael Covel brings trend following alive. GO.
