by Summary:
Payrolls dropped by 300k in January. The economy is in a steep slowdown. Trust your "instruments." This is a bear market rally.
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Mike Norman considers the following as important:
This could be interesting, too:
Payrolls dropped by 300k in January. The economy is in a steep slowdown. Trust your "instruments." This is a bear market rally.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Payrolls dropped by 300k in January. The economy is in a steep slowdown. Trust your "instruments." This is a bear market rally. |
The market down ten days in a row if you think anyone in a position to short off one day lol The bump doesn’t erase 10 days of Red. I would say 90% of you subscribers are not day traders
I am. Well combo. I go with the flow of the market
Holly sheet Mike u nailed the sheet out of the market again and you got new haters congratulations
Definitely seeing a lot of low guidance from corporations. I think they can already feel the fiscal cliff.
A lot of them are using excuses to justify it, but they can see demand falling off.
The SPY scam is goin up no matter what, it is the bone of the market. Tesla though is an indicator of fat and muscle melting off the body. So, in a way Mike is right, the market is going down. All the Bitcoins, Teslas, and Affirms, and Matterports are falling like a rock with Robinhood Gamestop idiots in them. Look at Paypal and Netflix. Facebook??? WHAAAAT? A typical bear market. behaviour.
What rally?
Thanks so much, Mike!🥰
Will FED stop the rate hike if the economy is contacting? Someone (maybe just he FED) is trying to force the FED to print more money.
It's a suckers rally, if you ask me.
Raising cash is the best advice.
Good metaphor …captain Kinash approves this message lol
OMFG – the BoE have raised interest rates to stop 'prices increases'? How will trying to 'cool demand' deal with a supply-side issue? it's not a demand thing! Mike, please come over this side of the pond and tell these folks how this stuff works. We have all been smacked with an increase in the energy cap (in the UK) and by bill doubled overnight today and the BoE guys just added fuel to a fire. 'Oh, well, the fire is getting worse so lets pour fuel on the fire hoping it will burn itself out'. My energy costs have doubled and now you want me to pay more on my mortgage too. How is that reducing pressure on consumers? Hey BoE, come take my first born while you are there. This is insane!
Thank you Mike! I listened to this video and sold off my entire portfolio. 10 min later SPX just slid off the cliff. Thank you so much