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Michael,
Once again trend following seems to keep the peace when irrationality starts to set in. The fact that trend following understands and accepts the fact that humans are irrational and will under-react/overreact to events means it will always be around to make sense of the markets. Bill Dunn said it best… “we are just riding the bucking bronco.” Thank you for all the work you do and thank you for helping us find some peace in times of market turmoil.
Michael, Jr.
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