Thursday , October 17 2024
Home / Video / I’m on the opposite side of the entire financial community. 

I’m on the opposite side of the entire financial community. 

Summary:
They are all raising their bullish outlooks whereas my outlook is increasingly cautious. 

Topics:
Mike Norman considers the following as important:

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They are all raising their bullish outlooks whereas my outlook is increasingly cautious. 
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.

19 comments

  1. Thanks for the updates, Mike.

  2. Mike thinks he is a cowboy. Wears dog tags but never served nor probably anyone in his family – they are all finance people.

    Guy is loyal to foreign countries that want to drag the US into endless wars in the ME.

  3. came here for the hat, stayed here for the contrarian perspective

  4. Mike, check out Cody’s pre-earning announcement today. It might be a clue for retail sales on Thursday.

  5. Thanks pardner 🤠

  6. Came for the boxing advice, stayed for the geopolitics

  7. @barrymcbrush5452

    Great work as always Mike!

  8. @barrymcbrush5452

    The weekly MMT Reports are a "must have" in my opinion. Couldn't imagine trading or investing without it. Thank you for all your dedication and hard work Mike! You rock! Peace.

  9. @moneekdilawari4508

    Hi Mike, could you please talk about the fiscal impact of the possible 100% tarrifs that DJT talked about yesterday. Thanks!

  10. Do you have a better term for 'national debt?'

  11. the deadline was extended to May 15, 2024 because of the hurricanes. not sure if that will affect anything this year (most people don’t know this)

  12. Mike, how do you manage the balance between being "right" and losing money or making the "wrong" decision and making money?

    • If you are "right" and losing money, then the issue is lack of patience or overtrading (too much leverage). It's best to stay diversified and under-leveraged. Stocks are my favorite vehicle because you're not dealing with expiration (time is therefore on your side) and overleveraging, like in futures or Forex. The latter two I have traded extensively over the course of my career, but I mostly stay away or play small.

      If you are "wrong" and making money, then you are just lucky, and it won't last.

  13. Mike love the hat. You look like celebrity. Thanks for update.

  14. I'm not sure what you're looking at, but the DTS is showing massive net positive transfers, with 119,760 for the first 10 days of 2025 fiscal. For comparison, 2023 had 10,553 and -36,942 respectively, for the same period.

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