December 14th 2011 - Robert Prechter on CNBC Closing Bell

[lancefiasco]

Great job, Maria. "Bear market rally? In fact, it's not over yet - that's why we've got a down market today." Apparently Ms. Bartiromo has absolutely no idea what a RALLY is, since she clearly believes it is characterized by a "down market"...

[richibmer]

Prechter is simply a broken clock; he's right about twice a decade or so. I'ts just fun watching this video with th Dow showing 11,830, so Bob's advice would have you missing nearly 1,000 Dow points in less than 2 months. Stunning. On Hulbert his newsletter is in last place among all of the market newsletters he tracks.

[ednan9]

bob precther has been worng for last 3 years. Wonder how much he pays to get on cnbc.

[PianoFlight1159]

The cyclical sectors of the economy that are tied to the financial crisis (like banks and housing stocks) have already had 70-90% declines over the past 10 years. The inflation-adjusted Dow had fallen to 1966 levels by early 2009. The broad market indices were buoyed by non-cyclical stocks like consumer staples during the crash of 2007-2009. So, unless a catastrophe happens that causes General Mills to suffer the same fate as Citigroup and AIG, I don't expect Dow 1000.

[ricochetVendetta]

cash is safety, right