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Eighty percent of people’s thoughts are negative.

Summary:
This explains a lot.

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Mike Norman considers the following as important:

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This explains a lot.
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.

20 comments

  1. how to be a YouTube comment troll, 80% i don't believe it ,please post your sources so we can fact check that hahahaha… joking Mike, thanks for sharing your wisdom with us 👍👍

  2. Mike N aka The Rock..

  3. @edwinficara4865

    Your right. Plus all the news is negative.

  4. I agree that patience is important in waiting for the price to go down, but doesn't this contradict with your other piece of wisdom that time in the market beats timing? What are your thoughts…? Obviously every situation is different.

  5. Excellent points

  6. @punch_bowl_turd3005

    buyin gold here is insane but ppl are goin for it. i sold my physical around 1966 2 yrs ago. now gold is comin outta every crevasse possible & bought up as a prepper fear metal. theres gonna come a point where its 2012 all over again.

  7. You’re pretty negative yourself on these videos

  8. Best thing for negative thoughts that I have ever done is mantra meditation, pick a phrase and repeat it for 20 minutes every day

  9. 80% of people's thoughts are about sex.

  10. MMT zombies 🧟‍♀️ bought the intraday dip 😂

    • The reason Monetarists are called zombies is they lack any factual basis for their mistaken assumptions and they're unwilling to check. The people who brought up the facts about how the monetary system actually works in practice today can't be zombies – in the same way NASA can call you a 'flat-Earther' but you can't call NASA flat-Earthers – it just doesn't make sense. You need to find a new word appropriate to the situation

  11. @homeyoutubechannel6609

    “Believe me, everybody wants to b-tch and moan and complain” 😂

  12. @peterfarmer3810

    Great video and wise words as always Mike. I’d heard about the 80% negative thoughts fact too, but couldn’t remember the source. Turns out it was the National Science Foundation, for those who want to check it out.

    • And yet, people with depression are found to be far better at predicting outcomes than the norm.😊The hypothesis: over-optimism confers evolutionary advantage. Indeed, as a media professional with lots of experience with depression who's interested in these sorts of things, the media kind of demands a representation of mania. All headlines must be puns. Everything is always bigger and better and faster and sexier and more shocking. Even beyond consumer culture – if you don't have a manic air, you're going to look dead on camera. Energy is everything. (Obviously news sells depression and disaster, but it does it in a manic way. Similarly, everyone from advertising to news media to packaging is generating anxiety and selling a salve for it)

      But diversion aside, I suspect we are both overly optimistic and riddled with anxiety (80% negative thoughts are anxious thoughts, necessarily about the future, which is why we meditate, ie. try to consciously experience the sensory input from all of our senses simultaneously, which effectively crowds out abstract thought). Generating Fear, Uncertainty, and Doubt as a marketing technique is so primary it's abbreviated! FUD. See also: 'Fear of the Other' as FUD applied to politics

  13. @gabrielrodriguez821

    90% of statistics are made up

  14. @user-it1mc3nq7h

    ❤❤❤❤❤❤❤❤👁

  15. 🔥🔥🔥🔥🔥

  16. I think your head is getting smaller………

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