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Michael Covel's Trend Following

Ep. 718: Time to Blame the Computers Again with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 10 December 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Time to Blame the Computers Again with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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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/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

This is trend following radio where great thinking comes alive.

0:10.9

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

0:21.2

I am your host, Michael Coval.

0:24.0

Not filtered, raw, honest.

0:27.4

That's my passion.

0:33.4

So I caught the headline.

0:36.4

This sell-off was caused by a computer-driven foot race.

0:41.5

Drum roll, please. Guess who said it?

0:44.6

Jim Kramer.

0:46.2

The guy who is rolled out, I guess he never goes away.

0:51.3

I just don't watch so I don't know.

0:53.1

But he gets a lot more press every

0:55.1

time something in the markets happens that's surprising or big. They roll Kramer out and Kramer gives

1:02.6

the pronouncement. This has been going on for decades. I mean, people are used to this. If there's

1:08.7

a big downturn in stocks, Kramer is rolled out.

1:13.1

Now, I have to imagine at some point in time, when I get close to wheelchair age and assuming

1:19.5

Kramer is still around and he's at wheelchair age, I imagine them literally pushing him out,

1:26.7

screaming in the wheelchair about why stocks went down.

1:32.3

And who is to blame for that particular day?

1:35.4

For that particular day being the key point because the Oracle, and I don't know, Jim,

1:42.7

I've had some basic interactions over the years. I don't have any

1:45.8

personal animosity. He's playing a role for a certain system, and I'm playing a role for a certain

...

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