Tuesday , May 14 2024
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Today’s market action makes me laugh. A lot.

Summary:
The same psycho behavior by the monetarists over and over again. It’s comical. 

Topics:
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The same psycho behavior by the monetarists over and over again. It’s comical. 
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.

20 comments

  1. Mike, I think your analysis is great but I paid for your courses and I didn't receive the videos. Can you help please? EDIT: Mike resolved everything — thank you!

  2. It would make me laugh, but I'm losing money.

  3. This guy thinks a small drop after a parabolic move is funny? This guy is delusional.

    • Mike Norman MMT Economics

      The point is, nobody expected the parabolic move except me. Better to listen than to criticize.

    • @Mike Norman MMT Economics lol a major portion of the parabolic move happened after you said the top was in at qqq 327 because of the June tax drain….now your encouraging people to continue buying the top of this rally when the fear greed index is near 85 at extreme greed levels.

    • @kesun32145Well said.

  4. ..AXP opportunity?? yep

  5. Good timing for my 401k contributions 🤑

  6. Is it hot enough for you? Some people are complaining that it's too hot.

  7. Michael baby it’s Florida baby just chill. It’s different than 57th St., Manhattan. I know both don’t worry you’ll be OK maybe move to like I said Port St. Lucie.

  8. Tomorrow will be another buying opportunity when the sell-off will likely continue because of the good news on GDP. I'm bullish like you based on the fiscal flows.

  9. You still got kids trading in their basements in their pjs pumpin meme coins. This market has to crash

  10. ❤👁

  11. Bought big yesterday , keep enough cash for temp pull backs , thanks Mike.

  12. Great work Mike! Looking forward to Monday mornings MMT Report for sure!

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