Wednesday , October 30 2024
Home / Video / Dow touches a record high, but pulls back.

Dow touches a record high, but pulls back.

Summary:
Monetarist and FOMO buying keeping stocks elevated, but the market is highly speculative. 

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Monetarist and FOMO buying keeping stocks elevated, but the market is highly speculative. 
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.

23 comments

  1. Thanks Mike!
    Note to viewers: Mike's been asking us to "like and subscribe" to his channel so please do so if you like the content as it does help the channel to get new viewers so they too can start to learn how the monetary system really works.

  2. @LauraWilliams-b6i

    I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

    • How please

    • I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

    • @LauraWilliams-b6i

      I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

    • @LauraWilliams-b6i

      She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

    • 😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

  3. Thanks for the updates, Mike. I've watched you for a few years and you are definitely stronger and sharper doing your boxing and probably Florida too. I keep watching you because you are the only person that tells the truth about the financial system. Keep up the good work!

  4. good stuff

  5. @barrymcbrush5452

    Looking forward the Monday's MMT Report fore sure! You rock Mike!

  6. @barrymcbrush5452

    This is a "must watch' video!

  7. @barrymcbrush5452

    I think the visual aspect is needed for some. Sometimes, it's hard for some of us to paint a mental pictures out of words.

  8. @barrymcbrush5452

    Join our team! You'll only regret not joining sooner.

  9. Glad I stayed long. Went long on Monday best decision

  10. Mike trying to be bearish

  11. @tradewithsonic

    Whenever Mike says "interesting rotation", I press LIKE

  12. bless up mike

  13. @sailorforlifebestti3366

    Either way someone always benefitsn. It's a matter of understanding who benefits.

  14. @eatlaughandstupid4430

    Mike, for selfish reasons I hope they never get it. I want them to think about the FED all day.

  15. @user-it1mc3nq7h

    ❤👁

  16. @pictureworksdenver

    Mike – Thanks for the videos. I appreciate your insights into the psychology of investing, and the monetary system. You seem to be suggesting that when interest rates move down, decreased interest transfer payments from the public sector to the private sector will be a headwind for assets. Won't lower interest rates push yield seeking capital out the risk curve away from safe and liquid instruments into equities and also spur demand for new loans, injecting new money into the economy and driving most asset prices higher? The common explanation that lower rates are a tailwind for risk assets seems at least superficially to be extremely logical, particularly in the context of global liquidity. Also, given the outsized inputs of passive investing into market weighted indexes it seems difficult to imagine how mega large caps will tumble (or tumble very far) despite extreme over valuation.

    • If interest rates directly expand the base money supply then they control long-run inflation expectations. Thus changing the nominal interest rate has no effect on the expect real interest rate. When interest rates increase all expected returns increase in line. Its more complex than that, because you have discounts on debt etc but that why conventional explanation fulls down. It assumes interest rates have no effect on the base money supply.

  17. 7:26 And bear in mind that superannuation funds in other countries (similar to 401K) invest in US treasuries. US pays quarterly interest and workers' accounts grow. The economic consequences of interest rates extends around the world.

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