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 Coval.

Not filtered, raw, honest.

That's my passion.

I want to talk data today.

Starting February 24th, the Dow dropped 1,031 points.

On Tuesday, February 25th, the Dow dropped 879 points.

On Wednesday, February 26th, the Dow dropped 123 points.

On Thursday, February 27th, the Dow dropped 1,190 points. On Thursday, February 27th, the Dow dropped 1,190 points.

On Friday, February 28th, the Dow dropped 357 points.

That's financial crisis, circa 2008, volatility and drops.

For those people leveraged long, that was the enema that you did not want and you got it. If your strategy did not possibly account for an approximate 15% drop in a week, you got cleaned. And I'm sure there are plenty of

people out there from small to large operations that are gone. They were leveraged long,

two leveraged long. They're out of business. Now, maybe we're not reading about them in the press yet, or maybe we never will.

But they exist.

They were taken out.

They're over.

Then we get a weekend for everybody to think about coronavirus.

Boom. Monday, March 2nd, DALs up 1,293 points. Wow. What a comeback. They call it a comeback. And after that, the Fed announces, let's drop the rate a half point.

Well, that might not be a good idea, or is it a good idea?

Is that the plunge protection team coming to the rescue?

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