Portrait Of A Sick Market | Milton Berg On How The Stock Market’s Exhaustive Rally Is Reminiscent of 2000, 1968, and 1929

Forward Guidance

04-03-2024 • 1 hr 42 mins

Milton Berg, renowned market technician known to viewers for his contrarian bullish call in January of 2023, returns to Forward Guidance with a far less rosy outlook. As of recording on February 28, 2024, Berg is decidedly bearish in the face of a stupendous stock market rally. He sees signs of an exhaustive peak and expects a decline, which could either be a corrective move in the middle of a bull market or the beginning of a true bear market. Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/ __ Follow Milton Berg on Twitter https://twitter.com/BergMilton More About Milton Berg: https://www.miltonberg.com/ Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (00:15) Milton's Buy Signals Have Continued To Appear In The Stock Market (06:11) This Bull Market Is Unique In Its Strength, And It Its Weakness (10:53) Indicators That Suggest A Stock Market Top In February 2024 (15:20) Why Milton Is Leaning Bearish (24:05) Federal Reserve Interest Rate Cuts And Earnings Cycle (Milton Disagrees That These Are Bullish Factors) (30:55) There's Lots Of Momentum In This Market - But It's Not Bullish Momentum (35:28) Banking Index Is Behaving Strangely (40:37) Evidence This Could Be A Blow-Off Top (49:33) VanEck Ad (50:16) This Is Not A Healthy Market (52:34) The Permabears Could Finally Be Right (53:13) Speculation In Blue Chip Companies Is Extreme (Although Speculation In Unprofitable Companies Is Not) (01:00:09) Mind The GAP! (01:05:29) Portrait Of A Sick Market (01:07:22) New Highs In Europe And Japan - Milton Isn't Impressed! (01:10:48) China (01:12:37) Cycle Dates (01:16:54) Climax Top In SuperMicro (SMCI) - Milton Was Long But Has Flipped Short (01:21:31) If There's A New Bear Market In 2024, It Will Probably Cause A Recession (Unlike In 2022) (01:26:35) Milton's Long-Only Portfolio (01:28:26) Milton's Short List Of Overextended Stocks (Including Nvidia) (01:33:12) Would A Forthcoming Sell-off Be A Corrective Move During a Bull Market Or The Beginning Of A New Bear Market? (01:35:29) Alibaba, Paypal, and Berkshire Hathaway (01:36:43) A Review Of The Buy And Sell Signals __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.