Sunday , November 10 2024
Home / Video / This is not going to be a “V” shaped correction.

This is not going to be a “V” shaped correction.

Summary:
The market has conditioned investors to expect this, but it is not going to happen this time. 

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The market has conditioned investors to expect this, but it is not going to happen this time. 
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.

22 comments

  1. Thanks Mike and glad you weathered the storm. Tell us what to do! When is the bottom? Tell us! I’m signing up.

  2. Good video. Although a little tempted, I did not buy anything today. Actually at the deepest point of the dip this morning my account was locked out. An omen? lol

  3. Thanks Mike, you nailed it

  4. @eatlaughandstupid4430

    bought some NVDA at $95.95 today. Should have bought more.

  5. PULL it!

  6. Have you talked with the Applied MMT guys? They are not in agreement with your narrative, but you all operate through an MMT framework.

  7. Don’t care about short term fluctuations. Long term markets will do good. Thanks tho

  8. @selfcensorship1

    But:
    1. automatic stabilizers
    2. unexpected military industrial expenses
    3. Biden will not reign 6 months from now, and Camela Harris might not either, whereas Drumpf may lower taxes (while raising tariffs)
    4. If people recently bought at record prices, some may find current prices attractive.
    5. Short covers (I took profits on shorts by late July – I left a lot on the table, but I profited)

  9. Weren't you buying last week? 🤔 You literally posted a video on it.

  10. What happens to the U.S. economy if China decides to invade Tawain?

  11. Thank you

  12. @simonnewman2254

    Mosler and MMT Macro Trader are both talking about this but have a different take

  13. You deserve more subscribers

  14. @PonziZombieKiller

    It's a long way down

  15. @billcarruth8122

    I think we'll be on a rocky road down till the end of October, just like last year. Hoping it does form a bottom 🙂

  16. When they initially cut the market value of all those bonds sitting on the banks balancesheets will rise and they'll be spending. Once thats over, then the lack interest income transfers will be a drag on everything, but not before we get a blow off top in stocks.

  17. I was wondering how raising the limit on FDIC coverage (as was done during the last "crisis") fits into the mix (and where Warren Buffet keeps his cash!)…

  18. @user-it1mc3nq7h

    ❤👁

  19. If the market was a human being its job would be to be irritating and annoying and pretty much pointless.

  20. I will say that I have learned more from this channel than any other channel with regard to the so called "debt".

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