Sunday , May 19 2024
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Nice market rise today.

Summary:
Remember, everyone was selling last week.

Topics:
Mike Norman considers the following as important:

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Remember, everyone was selling last week.
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.

11 comments

  1. your strike rate is astounding mike

  2. Listened to your fiscal turnaround. Added heavy during the dip last week including leveraged option calls and been up huge the last 2 days. Thanks mike.

  3. Excellent points!

  4. the govt spending based economy, how i look at it is its not a matter of what i like, want or prefer cuz my opinion don't matter in the face of 'its just the way it is'. trade based off the way it is NOT off what you wish it was unless you like losing your ass.

  5. Sentiment extremely overbought

  6. Mikey is numero uno!!! 🙌🏽🙌🏽🙌🏽💪🏽

  7. Amazing how you called the directional change – so consistently.

  8. For me, the way I think of MMT is that it explains that money is a tool the govt uses to allocate the real resources, – labour, energy and materials. And the govt allocates them on behalf of the people.

    So it's a question of what to you want to allocate the resources of a country towards? Bombs? or infrastructure and healthcare

  9. Mike -Thank you for the explanation to my comment/question the other day.

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