Monday , May 5 2025
Home / Video / I told you today would be a down day.

I told you today would be a down day.

Summary:
And tomorrow will be an up day. How do I know? 

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And tomorrow will be an up day. How do I know? 
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. @thisisyourcaptainspeaking2259

    True, you did predict a down day.

  2. @frankperrott6048

    The bilge pump

  3. Thanks for the updates, Mike.

  4. @joshuaburns3167

    Mike you're beautiful brother, let's make that subscription money 💰

  5. @brianmorris-u5v

    Hell yes, I'm signed up. Let's make that money.

  6. Why don't you call your senator

  7. You did!

  8. @cryptoniteclark

    You haven't actually explained the consequence of the reserves not being drained. Presumably it's banks not being able to lend? Is this supported by the H.8 release, presumably "Loans and leases in bank credit" in Table 3?

  9. Mike you're the man – I understand what you're saying now about the bilge pump. What you're saying there about the new condition and the bilge pump is literally BRILLIANT next level analysis man. NOBODY is thinking like that let alone explaining this kind of stuff Mike. You're next level bud keep it up and thank you!

  10. Really good analysis, I appreciate it. You are a sharp guy.

  11. @cryptoniteclark

    I don't get why the day following a social security deposit will be bullish. The bilge pump analogy you described reflects the banks buying securities to drain the reserves. That's not happening now, so where do the banks get their relief?

  12. "Do things that you don't wanna do" – great one!!!

  13. Griftin for subscribers and YouTube cash Mike? 😂😂😂😂

  14. I like your thinking

  15. @StructuralistRe-Evolution

    There is no way using this information to trade 0DTE's will end well. There is a 100% chance you will lose money over the course of time. These flows do not determine the stock market moves on a daily time frame

    • @@StructuralistRe-Evolution according to who? You?

    • @StructuralistRe-Evolution

      @@mikeydoggyNo according to you. You have said short term trading is a losing strategy. What happened to long term wealth building?

    • @@StructuralistRe-Evolution you’re right! However, there are often correlations between flows and market movements. It’s not 100%, but there is some predictability.

  16. I like your fundamental analysis Mike thank you. I’m still confused about why market seems to still be selling off hard with underlying conditions strong as you described. I appreciate you and these videos.

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