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Fiscal flows too strong, so no correction. Stock market will continue to rally. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Fiscal flows too strong, so no correction. Stock market will continue to rally. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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| Fiscal flows too strong, so no correction. Stock market will continue to rally. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
Because they heard trump will really win the election.
Yeah, that MUST be it. That is surely the most logical conclusion.
Mike I bought the Stephanie Kelton book, did you read that one? Very good information. The deficit myth.
I would bet you a million bucks he's heard of it. He knows everything in an it. He may have thought it just to see how it was presented.
Mike. U see the XJO? Going EXACTLY as I said. No I cant tell the future, I just look at the past and KNOW the market will behave somewhat similar. In the recovery phase from past crashes the 200 day simple moving average acts as resistance for some time. In this case we strayed around the 200 day for MONTHS and MONTHS on end, never straying too far below it. Around the 7th October we shot above the 200 day and continued the rally. Then there was a short lived pull back back to the 200 day which we hit around 30 October. THE 200 DAY NOW ACTS AS SUPPORT NOT RESISTANCE! And it's been off to the races ever since then.
I was telling all the confused doomers who were making all sortsa dire predictions of 'deflation' that deflation would be next to impossible with the amount of fiscal and monetary stimulus we were getting. Of course dear doomer 'knew better'. Don't they always. AND ALWAYS WRONG! Oh well, back to the drawing board doomers.
I been saying since forever to keep dollar cost averaging STW, A200, IOZ & A200. Up- BUY, down- BUY, sideways- BUY!! Keep on BUYING up to the 200 day AND UP TO 2 STANDARD DEVIATIONS ABOVE THE 200 DAY! Thats around 7000 on the XJO. WHEN it gets to there again, I will sell a SPI index futures contract to hedge my JUICY portfolio of index funds (which I will keep) BECAUSE HISTORY SAYS IT WILL MEAN REVERT AT SOME POINT FROM THOSE HEIGHTS! Then just patiently hold onto both the SPI short & the portfolio of index funds for the inevitable correction, the profits from which will be churned straight back into more index funds bought at the lower levels. Rinse and repeat!
Mike! This time looks like both the daylies and the weeklies are matching up! 2 SDS above the 200 day using the weeklies is circa 6905 on the XJO using the daylies its 6917, pretty much the same. Historically it's been a good place to put a short on provided u are PATIENT enough to WAIT FOR THE INEVITABLE! But for now until we get there, keep on adding to portfolio by dollar cost averaging the XJO! And click my screen name to see my video talking all this stuff from months and months ago!!
Well done on posting the correct video.
Well I still think the market is going lower. What about the possibility of a national lock down?
i've got my positions on… last wk when AAPL was 108ish bought a jan 23 160 call & wed 100 shares of AKAM 97.53.
Was the bullish sentiment increase due to vaccine news?
If so then surely it is a one off event that should be ignored.
Lol Mike… fancy way of saying buy the dip.