Introduction

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.

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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

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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.