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Charles Clough stayed bearish during the dot-com bubble and was only vindicated after leaving Merrill Lynch. Now he's a bull who says this time is different. https://t.co/xKRXyjF1tn via @markets
I spoke to Chuck Clough, the former Merrill Lynch market guru who called the dot-com bust but left the firm before he was proven correct. He says this time looks nothing like 1999 and sees plenty of room for more upside in stocks. Read the interview here: https://t.co/j6v71nJ4U2
Charles Clough was a well-known bear during the dot-com bubble of the late 1990s. That call only panned out after he left Merrill Lynch in 1999. Now he's a bull who says this time is different https://t.co/9HJw2Zy1Id via @markets
Charles 'Chuck' Clough, a former Merrill Lynch market strategist known for his bearish stance during the dot-com bubble, has shifted to a bullish outlook. Clough, who left Merrill Lynch in 1999 before his predictions were validated, now believes that the current market conditions are different from those in 1999. He sees significant potential for further growth in stocks, suggesting that the elevated valuations and market internals do not warrant a bearish outlook this time. Since mid-2021, Clough's discipline has encouraged a bearish outlook about 70% of the time, with a fairly neutral outlook otherwise.