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Reddit "meme" stocks fizzle. Fiscal spending boom.

Summary:
Reddit "meme" stocks have fizzled. But there's more to look forward to.

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Reddit "meme" stocks have fizzled. But there's more to look forward to.
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.

18 comments

  1. i scored off SLV & BGS…. i knew this thing was end like a trump presidency… they fought the machine and the machine won.

  2. Stocks were poised for their biggest rally in three months as the trading frenzy that fueled a surge in heavily shorted shares continued to ease, All major groups in the S&P 500 advanced, with financial and retail companies leading gains on Tuesday, while the Dow Jones Industrial Average climbed about 2% and Nasdaq was up by 1.8%, Meanwhile, the speculative trades popular with Reddit crowds crumbled, with GameStop Corp. and AMC Entertainment Holdings Inc. tumbling at least 41% as silver sank from an eight-year high. Popular Stock analyst Dr Rodrick Jonathan advice traders not to mind the recent rise, because the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, i was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him on telegram Rodrickjonathan orWhatsApp+1(66O)474-OO3O,

    • Hello Rodrick , what you said is right.. Now I believe my vision by understanding where market will move and now I make 20% profit consistently every month although I ever make 100% profits in 2 weeks but it is not consistent.

    • I am so very glad to have the opportunity to attend Dr Rodrick's course . Finally, after 10 years or so of pursuing my dream of becoming successful at trading, I can see a very good chance of that dream coming true. You taught a very simple and clear method of trading that I am confident I could master if I work at it. Thank you very much for this Program!

    • Just want to drop a quick note to thank you for your strategies. I have made 10% since the course my first weeks. Though I started with a very small amount because am new to stock, it is an encouragement. The percentage would have been much higher if I did not made the mistake to extend my stop loss (twice) for a single trade to my own peril. Learned an important lesson and Stock market does require much discipline.
      Nonetheless, for the rest of the trades I followed your rules. It was good most of the time. I am looking to increase my capital soon.

    • Rodrick if you can see this , It is Joe here. It’s been 40 days since your class. I have been making some good results since then, 30% growth until now. Maximum loss streak are 3 = drawdown 6%.

  3. Michael, come on man, it's game stop not spot

  4. Mike is starting a new reddit group called r/MMTbets , but first he's gonna put on his hat & go build a SnowMan in NYC Central Park with coal & carrots from the kitchen hahahha..

  5. Phillip R Jorgensen

    I thought it was called GAMESTOP

  6. Dingo Whittingham

    Mike, when you talk about fiscal flows are you talking 'net' of treasury issues and redemptions? I would assume you are on the grounds that issues and redemptions are not additional injections of wealth. Correct? Maybe a question for your Q&A

  7. it is Gamestop lol but I love listening to you.

  8. Stop calling it Gamespot

  9. I'm the "little guys" with the tool belt called MMT, youtube version, scraping to upgrade to premiere version 😀

  10. Barstool sports founder and idiot, lost a lot of money buying gamestop. Serves him right. Should stick to sports.

  11. Everytime I get a trading advertisement on Insta or FB, I open my app and sell more. #truestory

  12. Greetings from a warm Thailand!

  13. Warm heart of Africa – Malawi. Not snowing here! ?

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