Friday , May 3 2024
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Are you scared and frightened and panicked?

Summary:
Don’t be. The market is about to bounce back. 

Topics:
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Don’t be. The market is about to bounce back. 
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.

21 comments

  1. No, but I am drunk!

  2. Nope, I trade intraday. Might get some short covering off of Amazon next day or so.

  3. After trading for a while I now feel more comfortable accumulating while the market is down then when it’s going up. The more my stomach churns the more I feel it’s time to buy

  4. Eat,Laugh,andStupid

    you are the best Mike…thanks buddy…

  5. SVB up 700% today freaking criminals

  6. Phoenix you did a great series on fear a couple of years ago

  7. Thanks Mike. I am staying calm. I have some I can invest and think I might start doing so.

  8. good stuff sir. i bet you could smoke the jabrony who was talking smack about age.

  9. you're the best Mike thank you

  10. Great job as always Mike!

  11. ❤‍🩹👁

  12. I was scared yesterday, so I bought some cheap puts and now I'm hedged.
    The scenario that scares you usually is cheap to insure because it's unlikely.

  13. Anyone please help me clear, I checked daily report by treasury and see that total withdrawal of August 2023 is $591 billions USD, and deficit is $258 billion. However, another report Outlay of August is $193 billion, and surplus is $90 billions. Which number show the real money flowing into the economy? and should I consider August is a surplus month? thank you.

  14. what about dollar? particularly USD/JPY..looks overpriced…

  15. Sir William Baloney

    It's time to sell low so we can later buy high. 🎉

  16. Thanks for the analysis Mike. I appreciate every perspective. It’s great to have yours!

  17. How do you handle lower prices after buying on these down days?

  18. Sir William Baloney

    We need to let this play out. Let everyone get the stupidity out of thir system so they can later pour back in. Tide rolls out. Tide rolls in.

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