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Valuetainment

NEXT MARKET CRASH: 10 Signs it's Coming

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 16 February 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

In this video Patrick Bet-David breaks down the 10 signs that are predicting the next market crash is coming.

Watch the video here: https://youtu.be/2g8PawZIRrk

Transcript

Click on a timestamp to play from that location

0:00.0

Many people are claiming there's a bubble going on today and there's a lot of people that are

0:02.8

getting upset when say, market's not going to crash. This thing's going to go up. This is the

0:06.9

greatest economy we've ever had. You got to keep investing to the markets so who is right? So today,

0:12.0

I'm going to be a lawyer. I'm not a lawyer, but I'm going to be a lawyer and I'm going to give you

0:15.9

10 points on why I am leaning towards a bubble and a crash. And you will have to make that

0:21.4

decision for yourself and pick apart my argument below comments. I totally disagree. You have no

0:26.8

clue what you're talking about, but I'm going to make my case. We'll do some math. I'll give you

0:30.3

some trends. Some of it will be technical. Some of it will be simple. But by the end, you'll be

0:34.8

able to make a decision for yourself whether I'm making a good case or not. So let's get right

0:38.4

into it. So there's this guy named Warren Buffett, who's a very wealthy man, very successful man who

0:44.8

took his Berkshire halfway from where it was to where it's at today. He's worth around 80,

0:48.4

200 billion dollars. And when he gives advice about money people listening, he has a famous saying

0:54.1

that he's been saying for a long time. You've heard this before. You've read this before. Be

0:58.4

fearful when people are greedy. Be greedy when people are fearful. Are people scared today? Are

1:05.2

people greedy today? What do you think? You answered that one right there for yourself. So

1:09.1

if you got to be fearful when people are greedy and today everyone's being greedy thinking they're

1:12.8

going to, oh, game stop or I've been on, you know, American Airlines Bitcoin people are so greedy

1:17.2

today. Maybe we ought to pay attention to what he said. Matter of fact, check this out. There's a

1:20.8

guy named Michael Jordan, okay? Who has a rookie card? This is his best rookie card, 1986 Flier

1:26.8

and PSA is the top grading company in the world. There's only about 300 of these graded at 10,

1:32.5

okay? Let me first give you the history of what happened with this thing here. Just March 22,

1:38.2

which is 11 months ago, this card sold for 48,000. Then it went up to 51,600. This is one

...

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