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Market bounce to continue this week but it’s not the bottom.

Summary:
Some positive flows return but sentiment not bearish enough.

Topics:
Mike Norman considers the following as important:

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Some positive flows return but sentiment not bearish enough.
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.

8 comments

  1. So, I will buy in May. Okay.

  2. The spending!! As always

  3. Why does the tax drain still happen after tax day?

    • they pay on the day but they have to fill that cash back in the account. if you add speculators, hf's, cta's, emotions, doomsday lovers, market makers hedging, etc you have more forces combined pushing prices down. a lot of my portfolio stocks bottomed before the spx index.

    • @robertkelly3207

      Also a hysteresis effect of funds actually leaving accounts. My bank did not post the debit to my account until today, April 22.

  4. @bobsagetsquarepants7805

    Mike if you were 30 again and had a lump sum would you still nibble or go all in and be done with it in these conditions?

  5. 😊👌

  6. Come on Mike. Tesla is tanking. Its disconnected from tax drains and the entire market.

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