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	<title>Michael Covel: Trend Following Manifesto</title>
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	<link>http://www.michaelcovel.com</link>
	<description>How Great Traders Make Millions in Up or Down Markets</description>
	<pubDate>Thu, 29 Jul 2010 20:19:02 +0000</pubDate>
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		<title>Government.com (.con)</title>
		<link>http://www.michaelcovel.com/2010/07/29/governmentcom-con/</link>
		<comments>http://www.michaelcovel.com/2010/07/29/governmentcom-con/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 20:16:45 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3187</guid>
		<description><![CDATA[Todd Harrison writes:
&#8220;I&#8217;ve maintained throughout our time together that the mother of all bubbles—debt— would be the final frontier before free market forces shocked asset classes back towards equilibrium. With total debt-to-GDP stretched towards 400%, we reached the zenith of that elasticity in 2008 and the system unwound with great vengeance and furious anger; the [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Government.com (.con)", url: "http://www.michaelcovel.com/2010/07/29/governmentcom-con/" });</script>]]></description>
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		<item>
		<title>Bubbles, Not Government</title>
		<link>http://www.michaelcovel.com/2010/07/28/bubbles-not-government/</link>
		<comments>http://www.michaelcovel.com/2010/07/28/bubbles-not-government/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 22:28:12 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3186</guid>
		<description><![CDATA[While driving today a caller on some radio show was ranting about how the stock market went from 3000 to 9000 in the nineties and then attributed tax increases legislated by government as the REASON for huge stock gains. Asinine thinking. However, that got me to thinking about the events since November 1994 (a start [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Bubbles, Not Government", url: "http://www.michaelcovel.com/2010/07/28/bubbles-not-government/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/28/bubbles-not-government/feed/</wfw:commentRss>
		</item>
		<item>
		<title>The Feds Can&#8217;t Protect You</title>
		<link>http://www.michaelcovel.com/2010/07/28/the-feds-cant-protect-you/</link>
		<comments>http://www.michaelcovel.com/2010/07/28/the-feds-cant-protect-you/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 17:20:59 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Psychology]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3185</guid>
		<description><![CDATA[From the article:
&#8220;In studying how to respond to the recent crisis and create a more stable system, central bankers, international officials and others have been focusing on a concept known as &#8220;systemic risk.&#8221; That&#8217;s the type of falling-domino problem that allowed mortgage defaults in the United States to lock up the global financial system because [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "The Feds Can&#8217;t Protect You", url: "http://www.michaelcovel.com/2010/07/28/the-feds-cant-protect-you/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/28/the-feds-cant-protect-you/feed/</wfw:commentRss>
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		<item>
		<title>&#8216;Price&#8217; Makes All Markets the Same</title>
		<link>http://www.michaelcovel.com/2010/07/27/price-makes-all-markets-the-same/</link>
		<comments>http://www.michaelcovel.com/2010/07/27/price-makes-all-markets-the-same/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 06:26:03 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3184</guid>
		<description><![CDATA[Richard Donchian blazed the trail with the straightforward notion that trading many markets at the same time with the same rules &#8212; works:
&#8220;When I first got into commodities, no one was interested in a diversified approach. There were cocoa men, cotton men, grain men &#8230; they were worlds apart. I was almost the first one [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "&#8216;Price&#8217; Makes All Markets the Same", url: "http://www.michaelcovel.com/2010/07/27/price-makes-all-markets-the-same/" });</script>]]></description>
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		<title>Watch the Pattern</title>
		<link>http://www.michaelcovel.com/2010/07/27/watch-the-pattern/</link>
		<comments>http://www.michaelcovel.com/2010/07/27/watch-the-pattern/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 06:17:52 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3183</guid>
		<description><![CDATA[While John W. Henry seems to be much more focused on his baseball team these days (hey, after 25 years and a billion bucks who can criticize?!), he has some great trading lines over the years:
&#8220;I know that when the Fed first raises interest rates after months of lowering them, you do not see them [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Watch the Pattern", url: "http://www.michaelcovel.com/2010/07/27/watch-the-pattern/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/27/watch-the-pattern/feed/</wfw:commentRss>
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		<item>
		<title>Be the House!</title>
		<link>http://www.michaelcovel.com/2010/07/27/be-the-house/</link>
		<comments>http://www.michaelcovel.com/2010/07/27/be-the-house/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 06:11:12 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3182</guid>
		<description><![CDATA[From my 2nd book:
&#8220;A movie studio will fund ten movies. A book publisher will fund ten books. In both cases, the producers or publishers often have no idea which one exactly of the ten is going be successful. In fact, they might be lucky if one of the ten is successful. Since they don&#8217;t know [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Be the House!", url: "http://www.michaelcovel.com/2010/07/27/be-the-house/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/27/be-the-house/feed/</wfw:commentRss>
		</item>
		<item>
		<title>New Tie?</title>
		<link>http://www.michaelcovel.com/2010/07/25/new-tie/</link>
		<comments>http://www.michaelcovel.com/2010/07/25/new-tie/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 18:07:10 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Psychology]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3181</guid>
		<description><![CDATA[I generally like Fareed Zakaria, but check this out:

Regardless of Buffett&#8217;s bailouts, etc. &#8212; doesn&#8217;t everyone think it is a little odd that anyone would question his &#8216;money&#8217; acumen? He did after all make a few billion last I checked. And even if he is wearing a beat up tie, telling him to go spend [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "New Tie?", url: "http://www.michaelcovel.com/2010/07/25/new-tie/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/25/new-tie/feed/</wfw:commentRss>
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		<item>
		<title>Trader&#8217;s Cocoa Binge Wraps Up Chocolate Market</title>
		<link>http://www.michaelcovel.com/2010/07/25/traders-cocoa-binge-wraps-up-chocolate-market/</link>
		<comments>http://www.michaelcovel.com/2010/07/25/traders-cocoa-binge-wraps-up-chocolate-market/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 17:14:09 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3180</guid>
		<description><![CDATA[From NYT:
LONDON &#8212; To some, he is a real-life Willy Wonka. To others, he is a Bond-style villain bent on taking over the world&#8217;s supply of chocolate. In a stroke, a hedge fund manager here named Anthony Ward has all but cornered the market in cocoa. By one estimate, he has bought enough to  [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Trader&#8217;s Cocoa Binge Wraps Up Chocolate Market", url: "http://www.michaelcovel.com/2010/07/25/traders-cocoa-binge-wraps-up-chocolate-market/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/25/traders-cocoa-binge-wraps-up-chocolate-market/feed/</wfw:commentRss>
		</item>
		<item>
		<title>No Debt Means What?</title>
		<link>http://www.michaelcovel.com/2010/07/24/no-debt-means-what/</link>
		<comments>http://www.michaelcovel.com/2010/07/24/no-debt-means-what/#comments</comments>
		<pubDate>Sat, 24 Jul 2010 15:55:48 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3179</guid>
		<description><![CDATA[These companies have little to no debt:
1. Novell (NOVL)
2. Expeditors International (EXPD)
3. Autodesk (ADSK)
4. Cognizant Tech (CTSH)
5. Bed Bath &#38; Beyond (BBBY)
6. Electronic Arts (ERTS)
7. Broadcom (BRCM)
8. Juniper Networks (JNPR)
9. GAP Inc. (GPS)
10. Texas Instruments (TXN)
11. Celgene (CELG)
12. Forest Labs (FRX)
13. eBay (EBAY)
14. Apple (AAPL)
15. Google (GOOG)
Now that you know that piece of fundamental trivia [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "No Debt Means What?", url: "http://www.michaelcovel.com/2010/07/24/no-debt-means-what/" });</script>]]></description>
		<wfw:commentRss>http://www.michaelcovel.com/2010/07/24/no-debt-means-what/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Why Is Trend Following Not Beat?</title>
		<link>http://www.michaelcovel.com/2010/07/21/why-is-trend-following-not-beat/</link>
		<comments>http://www.michaelcovel.com/2010/07/21/why-is-trend-following-not-beat/#comments</comments>
		<pubDate>Wed, 21 Jul 2010 23:29:28 +0000</pubDate>
		<dc:creator>Michael Covel</dc:creator>
		
		<category><![CDATA[Trend Following]]></category>

		<guid isPermaLink="false">http://www.michaelcovel.com/?p=3178</guid>
		<description><![CDATA[Feedback in:
I heard Michael Covel&#8217;s excellent interview on Jim Puplava&#8217;s radio program. I have also read TurtleTrader and Trend Following books. I am very interested in Trend Following but I have a question that has been nagging me. My question is how do trend following traders gain an edge against the large trading houses with [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Why Is Trend Following Not Beat?", url: "http://www.michaelcovel.com/2010/07/21/why-is-trend-following-not-beat/" });</script>]]></description>
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