By this time next week we’ll be knee-deep in earnings from J.P. Morgan, Wells Fargo, Netflix, and a pile of other big names.
Our call of the day comes from the chief executive of Milton Berg Advisors, Milton Berg, who heeded his own warning signs earlier this month. He turned bearish on the S&P 500 and Nasdaq on July 2 as his two portfolios have seen gains of 20% plus this year. Still, Berg says there’s is one thing that doesn’t quite add up for that view that stocks are nearing a peak. Thirty-year TMUBMUSD30Y, -0.46% U.S. bonds on a 6- and 12-month basis are doing far better than they’ve ever done at a final market top, he notes.Berg has also turned bearish on the bond market, where investors have been piling in on fears of a recession.
The tweet I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
All of us know someone who predicts a bear market every year. Obviously, one year they get it right and that’s the one they boast about. To adapt jackschwager’s quote, it’s the “well chosen example”
And stay out!
How about the crashes after 87? Did that person nail those too?
Dad will magazine NYTTNT..House.. 12C..🍀🌈📌🚨🎀🎀😇😇🎀🎀