by Summary:
Recent selling in the stock market is evidence that people are having a hard time controlling their emotions. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Liv Boeree interview on the Lex Fridman podcast https://www.youtube.com/watch?v=eF-E40pxxbI&t=12197s
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Recent selling in the stock market is evidence that people are having a hard time controlling their emotions. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Liv Boeree interview on the Lex Fridman podcast https://www.youtube.com/watch?v=eF-E40pxxbI&t=12197s
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| Recent selling in the stock market is evidence that people are having a hard time controlling their emotions. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Liv Boeree interview on the Lex Fridman podcast https://www.youtube.com/watch?v=eF-E40pxxbI&t=12197s |
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine gedangsiemm.ONLINE Brünette und eine anderej Blondine. Es wäre unfair, wenn ich 4 wählen würde
The Biggest Bluff, Maria KonniKova was good, she has some stuff on Youtube as well.
Thank you for the video, Mike. Unlike Jerome Powell, you are irreplaceable. Best Regards.
I finally closed my short today, temporarily. maybe too early but I feel like there could be a bounce and then I'll reload. We will hit at least 3700 on the S&P but probably lower.
Better safe than sorry.
@Morgus yup, like they say, nobody ever went broke taking profits…
I love lex fridman's podcast as well!
Mike you are the reason we are all in this mess. When the Fed was planning to tighten in the begining of the year and shrink the balance sheet many of us said this could cause a slow down. You said otherwise.
I will say this though. Mike has an advantage to all of you doubters and unfortunately bag holders. He knows that the system wont be allowed to fail.
Trust me, in a matter of months, maybe even before that, you'll see a handy crisis kick in to take care of the "issues". Its always the way it goes. War, or disease. I bet on the secondary as I already have the script in my hands. Monkeypox or (clade 1 , clade 2 as they call it now) , is going to make a return.
Also another thing…. Take my advice or dont, dont just buy stocks like Apple or MSFT just because you think they are good companies. Buy stocks with momentum.
Stocks that have some catalyst backing them in the news. Lets say there was another war, then you pounce on war stocks. Its obvious really …. That way youre never a bag holder.
hey mike!
Heart of the matter 12:20 excellent example!
Keeping my emotions in check. I'm buy and hold so not really bothered by short term moves. Just want it to go up long term. Like you always say, these pullbacks are buying opportunities.
not necessarily, it's not inconceivable that the US could be turning into Japan and not hit ATHs for several decades. unlikely but not impossible.
Gabriel. Investors hold stocks and down cost average shares on companies they believe in. Eventually the tide will turn. But it may take a while before that happens.
I would say, dont buy dog crap stocks. Buy companies that are large cap, and international, that way you can pretty much guarantee that they wont fail, and most importantly they'll be the first ones to recieve the easy money once it all turns around. And they are hedged against bad times, they can weather the storms. Microsoft is a good example.
Personally, I just dont buy any of these stocks as of right now. I buy things with momentum. Im waiting for gas and oil to pull back a bit before getting in, as it is obvious its going to rally high this winter. I do not like holding bags, and I do not like "investing". Im a trader and currently 100% of my position is in cash, ready to jump into an asset that will rally.
Just something to think about, strategies etc. You can do both, trading and investing. Although trading does take some of your precious time during the day.
Olivia Boree? What’s her name?
I'm astonished how Michael Burry was right again when he sold all his stocks. It's like he knew the future!
Mike, I’d argue that it’s not controlling your emotions, but controlling what you do or don’t do in reaction to them.
Great work Mike! Awesome MMT Report!
Jerome Powell says ‘some pain’ is on the horizon. We are in a Shmita year, and the market will do what the Market Makers want it to do. High heating costs are going to hurt this winter, and can't imagine Europe's pain.
Mental Game! Hoorah
Great info, thanks Mike!
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don't fight the fed your emotions will be severely damaged
I appreciate your insights into mental game. You should write a book on mental game/trading psychology. I think it would sell.
4100 S&P is "fair value" so anything below is "way, ridiculously oversold". by what, 100pts?