Sunday , October 6 2024
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Morning update. Payroll number. Rally getting frothy.

Summary:
Put/call ratio getting pretty low.

Topics:
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Put/call ratio getting pretty low.
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.

15 comments

  1. My wife and I bought a 2017 f350 for 33k prepandemic we decided to sell it for 47k to autonation and go a yr without a truck to save money and to make money. Anyways heres an honest question that needs an answer Mike how much money would i need to invest, for me to afford your 500$ a month subscription fee and to be making profit to reinvest? 6k a yr for your service how much I need? 100k? 200k?

    • if you were to make 2% per month, $25K would be all you need to cover $500

    • ​@MacroBriefing sheer stupidity.
      This is the type of fool that watches this stuff. Completely ignorant. Why didn't you just top it off with a cherry and say 10% a month?

      Seth, if you assume you want to do the foolish thing and attempt (You will fail) to beat the SPY buy and hold of say 8% a year on average, then the math gets a lot easier to see.
      You'll need over $200k and hope a non-tested, dubious process works and since it's completely hollow and without trades and positions, how would you even compare anything?
      C'mon guys. get a freaking grip on yourselves. You're embarrassingly ignorant to the basics of investing.

    • @Doomers are Funny sheer stupidity. How so? Are you saying you can't make 2% per month?

    • @Doomers are Funny bro… wallst is pure stupidity and ponzi dogshit I'm sorry my American education didn't teach anything about anything about anything about wallst, investing or making money, make money so I don't have to work. I'm not born of the capital class and have zero family members with any knowledge worth investing off of. Hell I never imagine having money to invest but here I am and knowing it takes money to make money I'm painfully aware how easy it is to lose hence my question.. im beyond skeptical at a standard so even the numbers you just threw out at me mean very little. It's an unfortunate effect of being a working poor but I also know holding onto cash longterm is a huge loss.

  2. We good people. We good till Dec 3.

  3. Looking pretty jacked

  4. Mike has couple of tooth on his neck. I guess these are tooth of hedge fund managers who shorted SPY for the last Year )))))))

  5. Great update Mike!

  6. Mike, really like these morning updates. Keep em coming!

  7. Actually I work in logistics and I don’t think what you said about rates is accurate. But let’s see

  8. I remember you predicted Lumber coming down and it did
    Same here with Freight

  9. Good one.

  10. there printin da muney mike its over give up and run to them thar hills zombies coming

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