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Is today the start of a new leg down?

Summary:
Heavy, almost panicky selling today, and more downside risk in the short term, but the important indicators suggest staying calm. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Heavy, almost panicky selling today, and more downside risk in the short term, but the important indicators suggest staying calm.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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. A friend of mine was raised in shenghi he said that this lock down isn’t about covid in shenhi it’s about old leadership in that city threatening the current president of China

  2. You can’t Handle the Truth

    The sooner you realize the news doesn’t make the move but rather the cycle forms the news….the better off you’ll be. The moves are baked in and cannot be changed. The news tries to rationalize it.

  3. You did predict this move so far you are accurate.

  4. Why do you say we'll be better off a year from today when after midterms Republicans are going to force Biden to balance the budget?

  5. video 3 days ago…….”get in on the cheap before moving higher”

  6. What are you doing for Halloween ? ..just before the midterms…..

  7. Kino Casino VIP Fanboy

    Thanks for the video, man. It was needed.

  8. Kino Casino VIP Fanboy

    "Wish I had unlimited funds" – Well, start a hedge fund 😉

  9. Simple answer is there is a lot of be.
    ts these markets will collapse. If this leg moves up we will see a huge short covering. I would go contrarian at these levels.

  10. Over the last couple of weeks or so you have been bullish on the stockmarket .. It looks like you have been wrong.

  11. Thank Mike for your insight you have seen these types of markets from time and time again. It seems like just yesterday when you were making videos of covid crash

  12. Finance & Economics

    It would be nice to have an unlimited supply of investable cash.

  13. បេះដូង

    Is it time for Mike to go fishing again? LOL

  14. Vincent Siniscal

    Love the vids. Headed to France and Denmark this summer. Looking forward to a nice summer rally!

  15. Taking a trip after I take the Bar exam with my girlfriend to London and Paris. 8/4-8/18. Can’t wait!

  16. Fiscal flows wont matter until the Fed makes a U turn. Thats it.

  17. futures rolling over ?

  18. Summer July August go to Alaska, Valdez or the Northslope , if you like take an ocean liner but Valdez to Anchorage driving around spectaclular.

  19. I'm going to South Laguna Beach California the riveria of America. Interested in buying enormous house cost on their beach front. Nice houses I've viewed are $10 to $35 millions $$s.
    You were in pits when I was an assistant to Buzzy Schwartz, the orginal 'Pit Bull'. Family wants me to come for family reunion in Kitty Hawk NC. You know where Wright Bros. proved aircraft flight. They have great sand dunes you would love to exercise in. If go there you can learn Hang Gliding. If you have not experienced hang gliding do it. It is a 8 hour road trip fom NYC, no big deal.
    Mike I know your going to take my suggestion of Kitty Hawk, N.C. , send us videos in flight. I might bump into you. Who wants to run their cranky bodies to death, fly. I think I'm a decade older than you , I can't run anymore. That's why I told you after your running fall to get your eyes checked. Buzzy allowed me trade ever now and then in crude. I traded against you but Buzzy had better strategy.

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