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About half the market downturn has been recovered.

Summary:
It’s not coming back. This is a fake out. 

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It’s not coming back. This is a fake out. 
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.

12 comments

  1. Why are you blocked at x?

  2. 61.8% recovery from bottom, pretty good. Coincidental?

  3. Why not follow price and institutional buyers?

  4. Thanks Mike! Volatility has sprung back to reasonable levels very quickly. Suggests that the market has shrugged this off quicker than expected and we may still have some juice for the next month or two, assuming the weekly jobless claims don't get nasty. Thoughts?

  5. I really like the non-market talk

  6. @robertamaral2349

    That's a sweet hand gun Mike! 3 Mags too, nice!!! I live in the uptight state of MA…the gun laws are obnoxious! Enjoy buddy and thanks again for your great advice! Where in Florida do you live exactly? Sounds nice!

  7. Just cancel elections and crown Kween Kamala

  8. Dude talk about guns all you man. You're the man, I left NY for Florida too 🤙

  9. Like the gun diversion and politics. Keep it up.

  10. Where do you get $700b? On the DTS for the 13th it says "Interest on Treasury Securities" is $398,246m.
    Cumulative net flow for the year is $1.165T

  11. Nice weapon Mike! Thx for sharing/

  12. @ricassoquixote4268

    The 🐐 thank you Mike

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