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Purging some bullish sentiment, but market trend is higher.

Summary:
Can't expect the market to run up every day without some pause. However, stay focused on the fundamentals. They remain bullish.

Topics:
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Can't expect the market to run up every day without some pause. However, stay focused on the fundamentals. They remain bullish.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

13 comments

  1. That thumbnail looks like you are about to catch a basketball ?

  2. CPI report tomorrow, do the Zombies selloff?

  3. Interesting that PayPal gave low guidance. Might be from them making projections with the reduced fiscal from last quarter?

  4. I mean isn’t the Amazon PayPal deal massive? eBay out and Amazon in. I added some pypl today.

  5. Chinese 26 year high inflation, Cost of living Soc Sec is a joke.

  6. Musk selling stock to pay off his collateralized debt against his stocks, another bullshit artist Musk.

  7. the spike in gasoline prices last time preceded the Lehman brothers collapse, however Mike has strong argument against that episode again as the fiscal flows from infrastructure and the helicopter squad will insure the demise of the financial system, but for now party like its 1995.

  8. Higher prices = higher income. The spooky paranoia commentators exhibit over inflation is excessive and misplaced.

  9. PayPal triggered a MASSIVE SELL signal on July 30 & reconfirmed on September 8. Technical analysis works, Mike. It's over 40% lower, now. No reason to buy this falling knife. There's so many better opportunities to put your money to work.

    • Mike Norman MMT Economics

      I buy companies. I don't even know what a "sell signal" is. "Falling knife." You speak in metaphors. Do you think Warren Buffet became worth $100 bln by investing like that?

    • @Mike Norman MMT Economics God Bless
      Didn't know I was commenting to someone with "all you can eat" Buffett type pockets, who "owns" companies. I only own shares & derivatives of companies.

  10. Lol. Keep purging my man

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