When quiet legend of technical analysis Milton Berg first appeared on Forward Guidance in January 2023, he predicted a scorching stock bull market. Now that his call has aged very well, he returns to the program urging caution. Although his model portfolio is 100% long based on short-term indicators, he expects that any move higher will be temporary and that the bull market will end soon. Filmed on September 5, 2023.
Follow Milton Berg on Twitter https://twitter.com/BergMilton 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_ ____ Timecodes: 00:00 Introduction 00:29 Reviewing Milton Berg's Successful Bullish Call in January 2023 07:43 Market Outlook Now 20:12 "This Market Is In A Lot Of Trouble 22:16 Eight Reasons To Doubt That This Bull Market Will Continue 28:25 Banking Index Often Bottoms Before General Stock Market Bull Move 30:34 High Interest Rates Are A Deflationary Force 36:46 Stock Market Not As Healthy As It Seems 56:36 Market Cycle Dates 01:06:04 Milton Berg No Longer Bullish On China 01:08:37 Anticipating the End Of This Rally 01:18:55 Bullish Call On Bank Index 01:24:33 Stocks Will Likely Decline Below Low Of October 2022, Argues Berg
____ 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.
