I was just looking through some of the posts put up on this blog on 2008 and, BOY, did we get things right. Amazing.
Check it out.
Fun read. Go here.
And leave you comments here.
Showing posts with label MNE. Show all posts
Showing posts with label MNE. Show all posts
Friday, April 29, 2016
Friday, March 18, 2016
We crushed it here at MNE! Sorry, no one even came close.
First I want to address a post I put up here the day of the conclusion of the Fed meeting when I said the stock rally (that day) wouldn't last and that we'd stall.
Well, that didn't happen, obviously.
However, that shouldn't diminish the fact that I said here, here, here, here and here (and probably a lot more places, but I am too lazy to look) where I said you gotta buy stocks and I gave you the reason: flows.
Two things: the flows are back and market sentiment is now shifting to very bullish.
The market is in a sweet spot now with sentiment aligned with direction (and fundamentals). It's going a lot higher and the only chance you'll have for a correction will be when the Fed raises rates. And it will. When that happens there will be some sort of bearish knee-jerk reaction and you'll have a chance to buy, however, by that time the stock market could be significantly higher.
By the way, remember all those people who were panicking and saying "sell" and there would be a catastrophe? Remember the RBS call? They were all completely and utterly wrong.
The "low hanging" fruit is probably gone. Maybe not. Depends on your definition of low hanging. I like really low hanging, like when people are selling like crazy. That's when I buy because it's like the idiots are just giving you their money. Take David Einhorn's money, remember?
There could be a "low hanging fruit" trade right now and that's shorting Treasuries. Even the idiots now think the Fed will never be able to raise. (After years of telling us how rates were going to skyrocket.) Short Treasuries. NO ONE is talking about that except, you guessed it, right here on MNE. Like, we always scoop everyone.
Which brings me to the economy. If you are thinking recession because the deficit is too small, forget it. No chance. The flows are big and this stock market rally, which will continue, will boost confidence and spending.
The people with the forecasts based on deficits for the last three years should just man up and throw in the towel.
Once again we got it all right here by looking at flows. It's all about flows or, mostly about flows anyway.
Oh yeah, how about the "oil bottom" call that I made back in January? Maybe a little early, but the market is 30% higher now. Not bad.
And what about the dollar going down? And gold rallying? Franco with metals prices bottoming, too. Jeez, I almost forgot those.
I swear, this site should have a million visitors a month. It's crazy that we don't.
Like I said, I must suck at marketing.
Well, that didn't happen, obviously.
However, that shouldn't diminish the fact that I said here, here, here, here and here (and probably a lot more places, but I am too lazy to look) where I said you gotta buy stocks and I gave you the reason: flows.
Two things: the flows are back and market sentiment is now shifting to very bullish.
The market is in a sweet spot now with sentiment aligned with direction (and fundamentals). It's going a lot higher and the only chance you'll have for a correction will be when the Fed raises rates. And it will. When that happens there will be some sort of bearish knee-jerk reaction and you'll have a chance to buy, however, by that time the stock market could be significantly higher.
By the way, remember all those people who were panicking and saying "sell" and there would be a catastrophe? Remember the RBS call? They were all completely and utterly wrong.
The "low hanging" fruit is probably gone. Maybe not. Depends on your definition of low hanging. I like really low hanging, like when people are selling like crazy. That's when I buy because it's like the idiots are just giving you their money. Take David Einhorn's money, remember?
There could be a "low hanging fruit" trade right now and that's shorting Treasuries. Even the idiots now think the Fed will never be able to raise. (After years of telling us how rates were going to skyrocket.) Short Treasuries. NO ONE is talking about that except, you guessed it, right here on MNE. Like, we always scoop everyone.
Which brings me to the economy. If you are thinking recession because the deficit is too small, forget it. No chance. The flows are big and this stock market rally, which will continue, will boost confidence and spending.
The people with the forecasts based on deficits for the last three years should just man up and throw in the towel.
Once again we got it all right here by looking at flows. It's all about flows or, mostly about flows anyway.
Oh yeah, how about the "oil bottom" call that I made back in January? Maybe a little early, but the market is 30% higher now. Not bad.
And what about the dollar going down? And gold rallying? Franco with metals prices bottoming, too. Jeez, I almost forgot those.
I swear, this site should have a million visitors a month. It's crazy that we don't.
Like I said, I must suck at marketing.
Friday, March 4, 2016
We got it ALL correct. Here. At MNE. Not anywhere else. Not even at other MMT sites.
We were following flows, not defiicts.
We got it all correct--the economy, stocks, gold, the dollar. Go back and do a search here on any of these terms and see how we called it. And you didn't have to wait three years (or more) and watch markets and economic forecasts go wrong in your face.
We called it precisely.
No need to go anywhere else.
We got it all correct--the economy, stocks, gold, the dollar. Go back and do a search here on any of these terms and see how we called it. And you didn't have to wait three years (or more) and watch markets and economic forecasts go wrong in your face.
We called it precisely.
No need to go anywhere else.
Tuesday, May 26, 2015
One thing I can tell you...really wonderful people come to this blog. I am convinced of that.
I met a really nice guy named Josh today, who was visiting NYC from Australia and he asked to meet up with me for a coffee.
Josh is a follower of this blog and he is a wonderfully intelligent and thoughtful person. It's little things like that that make this thing worthwhile and sometimes, you know, I've expressed my frustration with all of these efforts, but it's those emails from you--the readers--or face to face encounters that are extremely gratifying.
Let me say, too, that there is a common thread among everyone I hear from, whether face to face or, via email or message and this goes for the contributors here as well; guys like Tom and Matt, Justin, Roger, et al...their intelligence, thoughtfulness, humor, earnestness, passion, honesty and courage, all shine through. They're great people as are the folks who come here to learn and contribute in ways big and small.
Thank you.
-Mike Norman
Josh is a follower of this blog and he is a wonderfully intelligent and thoughtful person. It's little things like that that make this thing worthwhile and sometimes, you know, I've expressed my frustration with all of these efforts, but it's those emails from you--the readers--or face to face encounters that are extremely gratifying.
Let me say, too, that there is a common thread among everyone I hear from, whether face to face or, via email or message and this goes for the contributors here as well; guys like Tom and Matt, Justin, Roger, et al...their intelligence, thoughtfulness, humor, earnestness, passion, honesty and courage, all shine through. They're great people as are the folks who come here to learn and contribute in ways big and small.
Thank you.
-Mike Norman
Tuesday, December 24, 2013
Saturday, July 13, 2013
Introducing Justin Santopietro, new MNE contributor
I would like to introduce the newest contributor to Mike Norman Economics, his name is Justin Santopietro. He will be posting articles under the handle, "Just the Gatekeeper."
Justin is a recent graduate of George Washington University with a BA in Political Science/Public Policy. He lives just four blocks from both the Treasury and the Fed, and has a keen interest MMT.
I think Justin will add to the already diverse thoughts on this blog and his perspective on current political realities and his matching sense of humor should make for some good reading.
Please join me in welcoming Justin.
-Mike Norman
Friday, December 21, 2012
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