Thursday , May 2 2024
Home / Video / Today was one of those days. 

Today was one of those days. 

Summary:
High emotion by investors who really don’t understand. Stay calm and do the rational thing. 

Topics:
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High emotion by investors who really don’t understand. Stay calm and do the rational thing. 
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.

20 comments

  1. Much more fun when there’s a little action. The time between is a little boring and probably harder to make videos. Once these drains and payments are made to the economy it’s exciting watching the movement of markets and the pundits trying to explain it as improperly as they do.

  2. Great vid.

  3. Excellent points.

  4. Mike!!!! You are the man.

  5. Mikes holding all the Aces

  6. Thanks for the insights, Mike. Whatever the FED was going to do today I was going to stay cool about it. Not overreacting either way. I'm keeping investing long term to hopefully retire in the future.

  7. thank you for the informed update and insights / hva grt wk..

  8. Good stuff as usual Mike! Really appreciate your insight and knowledge!

  9. Mike you are not considering the present valur effect on bond prices. Bonds account for 70-80% of outstanding money, a change of 1% in 10Y rates can effect the money supply by 3-4% immediately. I agree in the long-run this is out weighed by interedt income transfers but those are a smaller cumulative effect that takes 2-3 years to neutralise the initial revaluation effect.

  10. Respect mike… Respect

  11. Whenever I see Mike, I press LIKE

  12. 🔥🔥🔥

  13. You're a genius Mark. 2024 October 60% drop in the S&P. Got it.

  14. I can see inflation coming down in real time on the supplies I buy for my business. Costs have been gradually falling all year

  15. Mike, thank you for these videos – those who don't understand you are those who don't have trading strategies. Please don't stop

  16. Great work

  17. Mike, after watching your channel for some time now, it is my humble opinion that you really know what you’re talking about. Thank you!

  18. As I watch the market go crazy after the rekeass if the policy statement, I was chuckling because I knew what you were thinking about these monetarists how they would react. Thanks for making these videos!

  19. Mike, thanks for your insights. I understand what you mean by "monetary zombies" behavior, but don't you think they affect the market nonetheless? 2 days rally after Fed policy release might be based on emotion, but it's still happening. I think there are at least 2 major forces in the market – economic fundamentals that you explain very thoroughly, and psychology that you laugh about, but it's still an influence. It could be ignored long term, but for short-term tactical decisions it's very important, IMHO.

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