Thursday , November 14 2024
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My comments on today’s rally.

Summary:
It’s a good day!

Topics:
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It’s a good day!
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.

25 comments

  1. @simonkriznik3437

    MMT, we did it baby! The stock market is a growth function of the money supply. The increase in the money supply tends to drive prices higher and has historically correlated with stock market growth. Both the stock market and the money supply have expanded by over 4,500% since 1970. Population has only expanded by 60% which is consuming 45% more fossil fuels, draining the non-renewable supply a million times faster than sustainable. Inequality between income earners and asset holders is higher than ever: the wealthiest 10% of Americans own 93% of stocks, and oligarchs own the government.

  2. Yes!!!

  3. @thisisyourcaptainspeaking2259

    We haven't witnessed a defeat to this magnitude since men were outperforming women during the summer olympics.

  4. I would argue, too, that if both countries are militant, it just channels spending on both countries or sides to an unproductive and pointless military arms race.

  5. Fake News. The Houtis did not say they are doing a cease fire.

  6. Great Vid Mike! do you think Warren will come back to X soon?

  7. Market participants like no financial cop on the block no CFTC no SEC no FTC no antitrust all expected to continue the wealth distribution from workers to one percenters, a sad day when an evil godless man gets elected. I think the democrats snatched defeat from the jaws of victory mismange of candidates and failure to address the inflation .

  8. If that person is caught in a lie, over and over and over again… Like Trump? LOL, I respect the democratic process but I don't respect the selected choice because of the behavior and lies… Oh well, it is what it is. Let's make money!

  9. Somebody lies, Trump the count over 30000 so far.

  10. I like to play with guns too

  11. Did you leg out and leave runners seems like a blow off top in the price action.

  12. Trump is a 4 f draft dodger what a hero.

  13. You look like Clint Eastwood in the good bad and the ugly

  14. MAGA train will bend over the democrats for the next 4 years 😁😁😁🇺🇸🇺🇸🇺🇸🙌🏽🙌🏽

  15. @LeighHetherington-x5w

    Actually, news does impact the market (news events are what triggers the herd initially to react emotionally with predictable outcomes). Yes, just like the black swan was not known months ahead of time, but many are missing an important detail. The market crashed because, we failed to break the previous swing high. The reason we failed is specifically because of the black swan event. Had the event not occurred, we would have broken the swing high, and the crash would not have happened. Effect cannot actually precede cause, even if that is a useful heuristic when analyzing a chart to find patterns to focus on…….. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to JinnyFranz’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  16. Trump tramped the bond trade 😆 Gold trade was buy the rumor, sell the news as it has been rocketing for months.

  17. Haha, be afraid of what you wish for. Inflation will skyrocket under his policy, already TLT dropped significantly today on the expectation of inflation….

  18. What are your top 5 holdings
    I thought you were a bear on the market.

  19. Only for elites if you are rich the law doesn't apply you can be felon and become president

  20. Stolen election! Or does that argument only work for the inbreed hick republicans?

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