The Market Bottom and the Worst Is Still Potentially Yet to Come

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Sally Kohn: We believe in the market bottom in October, and we believe in the S.T.R. bottom in October. Now the market is fighting the set. The SAP has gained 10.07% in 110 days since its low. That would be the 24th bull market since 1957. Of those 24 bull markets since 1977, 23 of them showed greater returns than 10.07%. So that's a sign that maybe the market isn't acting as well as it should, but that doesn't stage us.

Rebecca Hotsko talks to Milton Berg about his shift from fundamental to technical analysis, his critiques of value investing, his use of market indicators to identify turning points, and much, much more!

Milton Berg, CFA, is the CEO and Chief Investment Strategist of MB Advisors, LLC. He has worked in the financial services industry since 1978 and began his career as a Commodities Analyst and Trader at Swiss-based Erlanger and Company. He has worked with well-known titans of the hedge fund world including Michael Steinhardt, George Soros, and Stanley Druckenmiller.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:30 - Why Milton transitioned from being a fundamental investor, studying Benjamin Graham and David Dodd, to a technical analyst?

10:49 - What drives market prices in the short term and long term, and are they random?

16:25 - Milton’s criticisms about value investing and learning from studying Benjamin Graham.

34:54 - How his investment strategy works, which is centered around identifying significant turning points in the market?

35:06 - What indicators he uses to assess whether the market is at a turning point.

45:25 - Whether Milton believes we are near a turning point today and the market has already seen its bottom.

53:00 - Is it possible to time the market?

01:00:33 - Advice on the most important factors that long term investors should focus on.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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Check out: MiltonBerg.com.
Related Episode: Listen to MI255: Navigating Bubble 3.0: Is This Time Different? w/ David Hay, or watch the video.

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