Robert Prechter on King World News | Part 4/4

[Juvenal4668]

One problem with herd theory is that it doesn't take account of the fact that there is more than one herd. The Hampton herd that included Fed chairmen, like Greenspan and Bernanke, has little in common with the Wal-Mart-shopper herd. That might account for the delay in the internet bubble crash, predicted by wave theory for a decade earlier than it actually happened.

[jpandyaraja]

hello bob its me again ......bob

people are bleeding to death on your usd

long and s&p short.....what do we do bob?

or is it like 1987 and you will be wrong for

another 13 years like back then..

[chovbha]

jpandyaraja,

I can understand you pain, but think it this way. FED started printing money on enormous amount in 1987 which it did first time. A lot of economists with sensible knowledge went wrong because they didn't see this happening and didn't include in their estimates (Without FED printing so much money). Now they know how FED will respond, and thats improve chances of them being right.

[edmack4me]

No, they are Keynesian idiots looking for green shoots.

In the 1930s we had the gold standard in the world but now it's cash trash fiat currency backed by nothing and they follow the idiot Keynes who like central banks & big govt and printing money, now digital. The difference between $1 & $100 bill is 2 '00' and so on. Central banks & govts herd resulting in inflation then hyperinflation. Their solution to a drinking problem (aka easy credit) is more even cheaper credit (ie more booze).

[jpandyaraja]

p.s. dear bob ...investors are already

nursing smart losses from your dollar long......from last 2 weeks......what do we

do bob ? But then you never have stop losses...i know that ........AFTER ALL its

only other peoples money....

[goody1boo]

Great reasoning. Great presentation.

[ednan9]

with all due respect to Mr precther..he is a little over the top here

[jpandyaraja]

over the top and mostly wrong.....

for e.g bob managed to be wrong only for 13 years when he kept on being bearish

while the dow went form 1650 in 1987 to

12000 in 2000......but dont worry about dear bob ......he kept on making millions by telling others how to !!!

[ednan9]

you sound upset. were you burned by listening to Mr. Prechter? are you are follower of abbey joe cohn (the perpetual) bull?

[jpandyaraja]

actually niether of the two.......nor James glassman

( dow 36000) nor marc faber ( world is

ending tomorrow at 12 )..no i did not

fortunately belong to any of these fire

and brimstone or perpetual paradise brigade........what riles me is the outrageous cash this people earn while

thier followers gnash in agony..

[ednan9]

I understand :) - but then again, who says life is fair. Peace

[jpandyaraja]

you said ..it..sab kuch kismet hai.. !!

[BringBackCapitalism]

Marc Faber is now Saying the same thing, Defation perhaps for 1-2 years will be followed by hyperinflation. I think he listens to you.

Great Points Bob!

[jpandyaraja]

have u checked marc fabers fund perfomance..............?

its a disaster........

but his bull shit sells well......no business

like how to business

[BringBackCapitalism]

No, but I believe it. This might be a reason why he's now listening to Bob Prechter.