“From the end of 1998 to the beginning of 2000, the Nasdaq index has risen by more than 200%. Now that we are up nearly 100%, we are likely to be on the same track. Everything I’m looking at will cause a collapse.”
That is, Edward Yardeni, the president of Yardeni’s research department, was cautious about where the stock market comes from in a recent CNBC interview. He explained that the continued rebound of cryptocurrencies is only one of the signs of potential weakness.
“This is just part of all bull markets,” Yardeni explained. “Whether you use Bitcoin BTCUSD or not, this is very important.
Just stare at the chart and realize when it will go straight up-this must be a sign of prosperity and excessive speculation. ”
As for when the timetable might get worse, Yardeni, a long-term Wall Street strategist, said that the market should rebound for some time.
He said: “In the first half of this year, the blue tide may continue to be bullish.” “We will get more government spending. We will enable the Fed to get a lot of government spending through quantitative easing. I think interest rates will remain low.”
But as the U.S. economy begins to recover from the pandemic, this may change quickly. Yedney said: “In the second half of the year, we may be looking for some consumer price increases, which is not good for overvalued assets.
Watch the interview:
There was no sign of collapse on Sunday night, the Dow Jones Industrial Average YM00 futures,
S&P 500 ES00,
And the high-tech Nasdaq Composite Index NQ00,
All of this indicates that this week has begun to weaken.