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Bullish sentiment is the lowest in 30 years!

Summary:
If you were ever going to be a contrarian now is the time!

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If you were ever going to be a contrarian now is the time!
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. AmazianLinsation82

    Norman!!!

  2. The T bonds are exceeding Volatility from the VIX Volatility which is still up. Goldman Sachs sold off Billions of dollars worth of shares of late. I expect a big drop in the markets!

  3. You would think for sure the Dollar is about near the top, it spiked wen people found out inflation is 8.5% wtf and im pretty sure the Dollar has the highest inflation in the DXY basket.

    • @trent jenkins dollar is weak but dxy got nothing to do with the bonds
      dollar gonna go higher and the gold gonna go higher

    • @Brain Dra how could the DXY have nothing to do with Bonds?

    • I mean if you chart something like TLT and the DXY they 90% of the time move in tandem with each other.

    • @Brain Dra a bond is basically a Dollar that pays interest over a term so I'd have thought Bonds down Dollar down. .

    • @Brain Dra if you even chart Oil against the Dollar they also 90% of the time travel in a diametrically opposite direction until about the last year. I mean if inflation is up I'm thinking these Dollar bulls are eventually going to get slammed especially the latecomers.

  4. Why do you have your comments on if you don’t answer questions?

  5. Its been rough out there. Hopefully it turns aroun dsoon.

  6. Thanks Mike

  7. You're the best Mike! Looking forward to Monday's MMT Report! Hoorah!

  8. Join the MMT Team! You'll only regret not joining us sooner!

  9. Mike: when will we see peak inflation?

  10. no comments on Elon musk?? ok

  11. Finance & Economics

    Low bullish sentiment is justified given the confluence of uncertainties hanging over this market.

  12. Finance & Economics

    I agree that the future can look positive, for each one of us, at the same time that stock & real estate prices are adjusted down, as they should be.

  13. We are in a proxy war with Russia in a country (Ukraine) that produces 12% of the world's wheat so oil prices are high and food prices are high. Unless Putin throws in the towel, inflation will keep climbing and Powell will eventually hike rates above 9%. Interest rates that high will crush our economy and interest payments on the US debt will go above $2.5T a year and we will fall into a depression by 2024. Better hope Putin throws in the towel.

  14. Dear oh dear . . . Peter Schiff was right . . . and continues to be 🙂

  15. Hi Mike, I like your videos. Do you have a playlist where someone can start from the beginning and learn from you? Do you have ore know of any good courses? I use Udemy a lot but it doesn't have to be that.

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