This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

Okay, quick, really quick, whether you were alive or not even born yet. Take yourself back to

1997. You're calling yourself someone who works in tech, which means you are sitting at a desk

at America online. The dot-com bubble has still not yet even reached 1999 where the NASDAQ went up 100%.

But let's just say that 1997, the dot-com bubble was rocking and rolling.

That we got the summer of 1998, long-term capital management.

If you don't know what it is, go watch the film The Trillion Dollar Bet, Cadeticate Hedge Fund,

John Meriwether of Solomon Brothers fame, of Liar's Poker, fame, the book by Michael Lewis,

they essentially blow up. Their whole business model was picking up nickels in front of a steamroller, and the steamroller

ran them over. Now, at that exact same time, summer of 1998, Trent following traders made a bloody

fortune because they were on the other side of long-term capital management's nonsense. Then the bailout

started. Long-term capital management was bailed out.

Put to bed, but bailed out. Trend following traders would have made a hell of a lot more money

if the Fed didn't step in and start playing games. But that was enough gasoline on the fire.

And bam, bam, thank you, ma'am, 1999, as I just mentioned, the NASDAQ was up 100%. Michael Saylor,

yes, of Bitcoin fame, Michael Sailor worth billions of dollars on paper at that moment in time,

went on 60 minutes and basically told everyone he was going to run their health care.

Micro Strategy's stock dropped like a rock in the days that

followed. And that was the first stock that precipitated the dot-com crash. I think it was March of

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