Thursday , November 21 2024
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Tropical storm headed to me, but is a hurricane coming to the markets? 

Summary:
This was not just a correction. The economy is about to stall and stocks will continue to fall. 

Topics:
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This was not just a correction. The economy is about to stall and stocks will continue to fall. 
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.

31 comments

  1. The banks are in trouble, need higher interest rates.

  2. By coincidence, a sizable amount of commercial properties refinance in September.

  3. Lifelong Floridian, Just go to the beach and watch the surfers, get some drinks and some seafood it will be all good. you'll know when to run, cause they all will be running, Ft Pierce here good luck Love your views not unsubscribing. lol

  4. I'm favoured $30k every 8 weeks! I now have a good house and can afford anything and also support my family

    • @LauraWilliams-b6i

      How please

    • @LauraWilliams-b6i

      I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

    • I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

    • She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

    • 😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

  5. Thank Mike! Great video.
    I've subscribed to MMT Trader for years and still learning and expanding my understanding of the correct understanding of the monetary system.
    Keep safe Mike! ❤

  6. @johnspielberger518

    Mike charag your devices and stay away from those glass windows..
    USD down 1.20

  7. I think i know what youre gonna say, but what's your take on the Yen carry trade and this sell off might be related to that

  8. I live in Florida to Mike not too far from you sending you a nice little message you're going to be okay the media is a little bit more excited than they ought to be I do hope you did not buy your house in a flood zone though you do actually need to check on that because I will let you know if there is any kind of a hurricane down south and you don't have flood insurance you can't buy it while the hurricane is on its way. You need to buy it when the skies are blue so if you go under we're going under to have a great night.

  9. Auntie Em auntie em Mike we're going to blow away LOL

  10. Thanks, Mike! Keep going, bro!

  11. Mike, don't worry about the storm. I live here too. This one is no biggie. A lot of rain may be a little wind have a glass of red wine at home.

  12. I’ve been on the Treasure Coast for eleven years. Sat through several storms the worst one being Irma with 108 mph winds. A few flickers on the tv but never lost power. Only a lost downspout. You’ll be fine as most storms come in only as a CAT3. Btw, bought Amazon that was beaten up badly today. Why not?

  13. Thanks Mike. Shoulda listened to you a month ago! Hoping for a bounce next week so I can exit some positions and figure out the next steps.

  14. Do not underestimate a Tropical Storm,I have seen them cause devastation at times and helped with mass cleanup from them.They can cause flooding as well plus spin off Tornadoes and knock power out so Stay Alert and safe 😎🌊

  15. @tedsmoothie1581

    U are absolutely right sir- I never doubted you✅

  16. @financeeconomics1057

    The Bears are back in town! It's about time!

  17. @user-it1mc3nq7h

    ❤👁

  18. According to this analysis then you/ we would be in all cash till it “all” blows over no? But a few months ago you said the first derivative flows are bullish long term.

  19. I'm fully on board with your analysis. I would include bank credit growth though as a "filling up the pool" force and it is healthy right now.

  20. Her name is pronounced Commala. Not a big deal, but now you know. If one only listens to right wing propaganda media you would never know because they purposely mispronounce her name as a sign of disrespect, though they know better.

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