記事・インサイト
ミルトン・バーグの転換点分析の手法、60年以上の市場史から得られる教訓、そしてMB Edgeモデルを支える規律についてのオリジナル記事。
記事は現在、英語で公開されています。
Who Is Milton Berg? A 47-Year Career Built on Market Turning Points
From the 1987 crash call to the desks of Michael Steinhardt, George Soros, and Stanley Druckenmiller: the career of Milton Berg, CFA, the market technician behind MB Edge.
記事を読むDo Rising Bond Yields Have to Hurt Stocks?
Milton Berg holds a bond view he says nobody shares: yields at 6, 7 or 8% would be normal, not a crisis — and rising yields alone are not what breaks a bull market.
You Don't Have to Call the Top
Nobody calls market tops consistently — Milton Berg says he never found one who does. But bottoms can be called within days, and that is what makes stepping aside safe.
Does Market Timing Actually Work? What 68 Years of Evidence Says
Most market timing fails, and the evidence is real — but it condemns frequent, emotional trading, not a low-frequency, rules-based discipline.
What Is MB Edge? The $10 Newsletter, Explained Honestly
The MB Edge team's honest explainer of Milton Berg's $10/month S&P-500-or-T-bills signal — the record, the backtest caveats, and who shouldn't subscribe.
What Is Turning Point Analysis? Milton Berg's Method, Explained
Turning Point Analysis holds that daily market moves are mostly random — but extremes are not. How Milton Berg finds high-probability market turns.
How Milton Berg Called the 1987 Crash
Five warning signs flashed before Black Monday 1987: extreme valuation, breadth divergences, a perverse sentiment response to the Fed, portfolio insurance, and a cycle window.
Why Simple Market Signals Beat Complex Indicators
Milton Berg tracks 30,000+ indicators, yet his best buy signals use just two or three inputs. Why rarity — not sophistication — makes a signal worth acting on.
Anatomy of a Market Bottom: The April 2025 Low
On April 4, 2025, three rare extremes fired at once — then 57 signals in a single day. A case study in how signal clusters identify major stock market bottoms.
Inside the MB Edge Model: 100% Invested or 100% T-Bills
How the MB Edge long term hypothetical model decides between full S&P 500 exposure and Treasury bills — and how its exit rule handled past bear markets.
Why No Two Market Bottoms Look Alike
Capitulation shows up differently at every major low. Why Milton Berg relies on clusters of rare signals instead of one indicator that must always work.
From Benjamin Graham to Technical Analysis: Milton Berg's Conversion
Milton Berg began as a strict Graham value investor who mocked charts. What changed his mind — and what he says valuation still can't do.
The Costliest Mistakes Investors Make at Market Turning Points
Untested indicators, refusing to turn on a dime, overthinking signals, leveraged ETFs: the mistakes Milton Berg sees investors repeat at market turns.
Milton Berg's Reading List: The Books Behind a 47-Year Career
The books a 47-year market technician actually recommends: William O'Neil, Marty Zweig, Thomas Bulkowski — and 35 pages of Benjamin Graham.