Thursday , May 2 2024
Home / Video / Big tax drain, but no pullback.

Big tax drain, but no pullback.

Here’s why I think there was no pull 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.

8 comments

  1. No one has any right to be upset with your calls. I mean if you have been long this whole time. This is a responsible place to trim/take some profits. My old self would have been so short this market so I am very grateful for you and your shared wisdom. Thank you Mike

  2. Cheers Mike! And make a Patreon to link to these vids so we can drop you some money for this alpha!

  3. Mike Norman thank you for the continuing education man it really helps

  4. seems like the emotion right now is FOMO, and I've been feeling it too, so instead I've been forcing myself to pull money off the table and wait for a pullback

  5. To sum it up follow the trend. Your call wasn’t bad. If people got screwed that’s their fault guessing the top.

  6. It’s ok to be wrong, no one can predict the future of the stock market, that’s why I call out YouTubers when they are wrong lol

  7. Or foreign investors? Like Japanese just bought US steel with 100%+ premium.

  8. Hey Mike, there has been times around Christmas and after we’re there is a big dip from large amounts of tax loss harvesting by fund managers so you might get your pull back then, it’s called the grinch of Christmas or something

Leave a Reply

Your email address will not be published. Required fields are marked *