Wednesday , December 18 2024
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Who said anything about a crash?

Summary:
Stocks will follow the economy, and there is a slowdown happening, which will become more pronounced. 

Topics:
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Stocks will follow the economy, and there is a slowdown happening, which will become more pronounced. 
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.

28 comments

  1. Crashes are about as frequent as BBQ grill fires.

  2. Do you ever look at the other pipe filling up (and draining) the swimming pool: bank loans?

  3. From $9K to $35K that's the minimum range of profit return every week I thinks it's not a bad one for me despite the market fluctuations

    • I agree just reached my goal of $100k monthly trade earnings. Setting realistic goals is an essential part of trading

    • How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading.

    • @benjaminocampo3359

      Get yourself someone like Stacey Macken who understands the market very well and is also a professional in placing trades. That's the key

    • Wow! Kind of in shock you mentioned expert, Stacey Macken. What a coincidence!!

    • @tryleraaron9244

      Stacey's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her signals are top notch .

  4. @punch_bowl_turd3005

    i hate the word crash, the last actual crash was march 2020. 1-5% declines are not crashes. its so over used that it makes saying 'eating cheese is racist' sound more rational…. lol

  5. The crash was after the intial pivot, after the fed starting raising rates. that was the bottom.

  6. Good to hear you’re ok Mike. Those bbq fires can get nasty. Have a great labor weekend!

  7. @hoshinotanecedryctensaibat9711

    Has the FED really ever achieved an actual softlanding in a bad situation? From my short time looking at the market it seems to me everytime they ended up with a decade of suffering for the whole country and by extension everyone else linked to the USD.

  8. @hoshinotanecedryctensaibat9711

    @Mike Norman MMT Economics. Thank you, very based. One question as a noob though, what would it actually takes in the next 6 months for the market to crash? You're right that a lot of people are expecting a crash post-elections, whatwith the geopolitics, national debt, USD/yen and whatnot, and I'm just trying to decently grasp what happens if the USD devalues or goes into hyperinflation. The wisest line I've heard all year being "trees don't grow all the way up to the sky for a reason". And then you have the maxi people who don't seem to notice or accept that everything is cyclical…

  9. Short term traders are mostly bears bears the market goes down in elevators and up in steps.

  10. A BBQ incident gone wrong! Welcome to the south Mike! Lol!

  11. Looking forward to tomorrow's MMT Report for sure.

  12. Follow the fiscal flows !!!

  13. Thanks for the updates, Mike. Glad you got the grill fire under control. Should be a good clean grill to cook going forward.

  14. “Revisit “ can you explain what that means ? What size correction? What levels you expecting? Convenient omission

  15. Exhibit #245: Problems arising from forecasting short term market movements. Thanks MAGA Mike!

  16. Magical printing press

  17. Excellent points.

  18. Looks like the September correction is at hand

  19. And yet….woodshed kinda day! Hysterical timing, can’t make this up. Do the opposite

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