True--- but it doesn't result in product sales....quite the opposite... I just want to get folks to question the traditional wall street wisdom that causes them to constantly lose again and again. Trend following is One of these feel good methods that is promoted in an insidious manner to lure the sheep to the slaughter. First, the public are trend followers by default, secondly, mr. King clearly illustrated the trend following performance bias myth. If these facts make traders want to run out and buy trend following products, I'll be surprised.
So you or Rodney haven't received any money from Covel? If not, I'll unequivocally rescind the implication. It just seems this thread is your kind of gig, and your gigs have a somewhat dubious rep when it comes to internet chat boards and this site in particular. And as you say: "If these facts make traders want to run out and buy trend following products, I'll be surprised" What better reason to investigate the "research" in order to find the answers for themselves?
On the road with the Bulls . . . Chicago nails it Saturday night in Chi Town. The public are "buy & hold" sheeple not trend followers. The public, like most on Wall Street, couldn't find and follow a trend if it bit them in the butt and kissed them on the cheek.
I have updated my performance versus TF indices chart (see attached). As it turns out, I have been comparing my system's performance with the index that has the highest return over the period covered.
http://businessweek.com/magazine/content/11_18/b4226045041757.htm Markets & Finance April 20, 2011, 11:01PM EST When Hedge Fund Owners Invest in Sports Teams It may be "a function of ego"âand it tends to send investment performance sliding John W. Henry, founder of futures trader John W. Henry & Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years after that it chalked up a second championship. While the Sox were winning, the firm's assets were dwindling, falling to $319 million as of Apr. 15 from a peak of $3.4 billion in 2005...