Oct 31, 2014
My guests today are Frank Curzio of Stansberry & Associates and
Robin Griffiths, the Chief Technical Strategist at ECU and formerly
The topic is markets.
In this episode of Trend Following Radio we discuss:
- Covel and Curzio discuss how the fundamental guys justify all
time highs in the equity market; the Shiller PE ratio; the
importance of analyzing interest rates; Warren Buffett recent
investments; what the Fed would do if we went down 30% today; why
having a low interest rate environment creates a good situation for
stocks; being prepared from a risk management perspective; Zero
Interest Rate Policy, its effect on equities and bonds, and tail
risk; comparing the environment today to the 1987 crash;
hypothetical situations surrounding the S&P 500; exit
strategies; and the 24-hour news cycle.
- Covel and Griffiths discuss how to use fundamentals in an age
when interest rates are artificially controlled; Griffiths’ history
as a mechanical engineer and how he found his way into trading and
technical analysis; regression analysis; Elliott Wave and cycles;
the idea of whipsaws; geopolitical risks; China, India, and the
rise of Asia; not trading off of geopolitical fundamental
information; how Griffiths came to the conclusion that the
efficient market hypothesis and much of what the mutual fund
industry depends on doesn’t hold water; spikes and why people in
2014 think that all spikes are gone; Extraordinary Popular
Delusions and the Madness of Crowds by Charles Mackay and the
cyclical nature of booms and busts; and virtual currencies.
I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m
proud to have delivered 10+ million podcast listens since 2012.
Investments, economics, psychology, politics, decision-making,
human behavior, entrepreneurship and trend following are all
passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can
use in your life and trading journey… cut your losses! You will
find much more about that philosophy here: https://www.trendfollowing.com/trend/
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