Prechter Says Equities to Drop, Invest in Cash

[ftwbk]

guess prechter didnt forsee the conditions that would lead to dow 10,000 at the time of this clip to over 12,000 today and the dollar index going from around 81 to around 73 today. in the end we will have deflation but most likely only when priced in gold.

[theeconomist100]

this guys is a fool.

Made 67% in 2009 58% in 2010 thanks god I was in stocks.

You turd.

[straty01]

The best trading method is your own, by looking outside yourself and relying on so called 'experts' you truly limit your trading potential. Prechter keeps saying "I never expected the Fed to do this, or that' truth is, nobody knows so why rely on anybody except yourself, price action is the final umpire after all

[frank299]

In March 09,He did not suggest to buy stock/equity. All he said was take profits and close shorts. No where does he predict a 50% rally. He clearly says: 'this is not a bullish call, certainly not buying any stocks', 'not a market call', 'time to take money off table when market is that friendly', 'bear mkt has long way to go', 'there are no bargains', 'lower lows across the board coming in stocks and commodities' He also said gold is topped.

He is as right as a broken clock and a liar

[PhuQuangLe111]

he is good i did a discovery and he will be off on his timing by 8-9 years, but this collaspe will happen because of printing money.

[fal2grace]

@PhuQuangLe111 Thank you for your comments.

[florgat91]

this guy is a real cook

[TYX91101]

Best market analyst in the world today. He is the only analyst in the business who can forecast prices and major events years in advance. Rather than extrapolating the current trend into infinity, as most of them do, elliott wave teaches us that prolonged periods of advance MUST be corrected by appropriately harsh pullbacks.

Yes. His forecast is unpalatable to stock market bulls and goldbugs.

[fal2grace]

@TYX91101 well said.. have a good weekend.

[jayangli]

@TYX91101 never heard of him. who is he

[rockerme4u]

@TYX91101 In February he made his worse call ever to go short and double down or something like that.  Guess what, they S&P rallied 150 points. Nice forecast.

I guess his historical wave counts failed him. They sure failed me. What a loss.

And by the way, gold has rallied over 100 bucks too. And silver did not go down

as he also advocated.

But he sure has a lot of services for you to buy. He even admits he does not trade his forecast. Hmmmmm. He says he is too busy.

Betty, So Hot !!!

[hktraveller]

i hate her voice

[straty01]

God she is hot!!!!

I HATE Prechter, really I want someone to shoot him, better yet, torture him s l o w l y then shoot him.

Fuck Elliot Wave, any dickhead can analyze charts AFTER they have happened. The USD is a piece of crap, Prechter would have recommended buying the horse and cart just as the automobile was invented.....DICKHEAD!!

[fal2grace]

all the smart guys like her:)

[ctrader09]

@straty01 well guess what? the Dollar index has risen 19.6% since its November 2009 low. You're probably one of the idiots that has the false notion that Prechter told everybody to get out of the stock market too early. well let me tell you this: Prechter kept investors safe during 2008, while the inflationists were dead wrong and lost a lot of money shorting the USD. the ONLY area where Prechter screwed up was telling TRADERS to short in 2003. that was for speculators who could stand to lose...

[straty01]

@ctrader09 I really do like elliot wave theory, it has been a useful resource, but like all trading strategies it has its limitations, prechter is just a little too cocky and overconfident for his own good

[frank299]

@straty01 well put

[JWestler]

This Guy should be shot dead.

[JWestler]

He is been tell the market will crash. He is playing Lottery that all. After all the market is just a Casino in Las Vegas. Place you bet.

[esathegreat]

american tv anchors  are so hot

[fal2grace]

lol

[SergLLLL]

She is hot man! But seing Prechter say she makes him hungry , turned me off.

[straty01]

Somebody always predicts events AFTER they have happened. His call for a collapse in the DOW is taking a hell of a long time to happen. Prechters tip on commodity decline is taking it's time too, although while the futures contracts remain higher than the cash rate big hedge funds are happy to stockpile and borrow USD while rates are so low - bubble bubble toil and trouble

[SergLLLL]

I forgot about that Prechter "prediction" oil will drop to $10.

What an asshole! A real scam bug , mud dweller who is sucking the blood of his inocent subscribers - who are paying for 100 employees and 25 "ANALysts".

They shod be counted as unemploed, they produce negative GDP!

Robert Prechter: sue me - mother fucker.

[SergLLLL]

Some of theese crooks will make super outstanding contrarian calls, knowing that they have no clue but to hook on : new curious subscribers. And if they are right, this will quadruple the subscribers, and so on until the big collapse of their reputation. They will hide for a while and start over again.

[ednan9]

@SergLLLL - Bob precther is a forecast anallyst, forecast is often wrong (can't see future :), now he and other analyst sell their research - but calling them crooks is going too far - if you don't listen to him or others and don't trade on recommnedations then its ok. BTW, the entire financial industry is crooked, except for venture capitalist -so I have high respect for Buffet, who created success among crooks...peace out

[SergLLLL]

@ennan9 Buffet is OK, he is telling you where he puts his money, and this is where he puts his mouth.

He has class, no comparison to the others who "sell you their mouthes but have no clue and no money".

[SergLLLL]

If I hear that the 100 "employees" and 25 ANALysts which Prechter employes are out of a job, I will not shed a tear for them. They are part of scamming subscribers out of their subscription money.

Prechter himself said "I am too busy to trade". Well. Like a Profesor who is too busy to lecture at the university.

[ben161803399]

@SergLLLL They are fine. A hard working lot. I think he must be bored of trading. I think he is doing Socionomics now. Pretty interesting read.

[ednan9]

@SergLLLL - seems like you traded on his recommendations and lost money - you should not do this - Precther is an interesting read but you should trade on his recommnedations - his 200% shorts are hurting right now based on his jan 27 recomendation- if you need an icon then follow warren buffet, who invest on his own homework - and if you don't have the time then put your money in safe investmenst or cash and don't gamble - then you won't sound so angry

[SergLLLL]

I am not his subscriber , never traded with his recommendations! Indeed I am short and I am angry at the FEDS/ BANGS/PPT controling , manipulating the market and lying everyday about the economy.

But inj the midst of this , come thouse srooks like Prechter AND OTHERS who take advantage of the situation, they have no clue and giving advice. Prechter is the biggest mother fucker of all! When you look at his Marketing, webpage , 100 employees and 25 ANALysts and he is "TOO BUSY TO TRADE"

[SergLLLL]

@ednan9 Please respond to the facts, Did or did not Prechter predict tha March 2009 LOWS? I demondtrated that he DID NOT and he is lying together with the TV Ancor speaker who is just a good Cant but not more than that.

[SergLLLL]

@ednan9 Let me mention to you another international media glorified total loser who really screwed up, But at least he is trading and managing people's money.

I give you the famous uter bear Bob Janjuah chief of something of RBS bank. He claimed the same claims like Prechter. One of the is a copycat.

At least Bob Janjuah PREDICTED march 2009 lows, but where is he now, he disapeared ffom the Media from 2009/11

[SergLLLL]

Do not believe this Prechter Croock! The false media glorification. Prechtar did not turn bullish on March 2009 lows - he turned neutral. Here are the facts that I can prove which he said back then:

"this is not a bullish call, certainly not buying any stocks, not a market call, time to take money off table when market is that friendly, bear market has long way to go, there are no bargains, lower lows across the board coming in stocks and commodities" He also said back then gold is topped.

[ednan9]

bob precther is typically wrong - wonder which idiot payed $7k to have lunch with him ...lol

[fal2grace]

I don't know..that's a lot of money:)

[skybirdbird]

lol...lol...lol...but i bought real estate...what do i know....

[Airave]

Well, now I know what to do!

Trade those pesky PMs back

for some solid C@$h!!! W00tz!

;D

[fal2grace]

:) not so fast

[cammoguy2]

With all the earthquakes going around, I'd invest in glass companies.

[justaoldslave]

Thanks Deb, Copper, Lead and Brass!

[fal2grace]

you're welcome...

[huskerbird1]

Hey Fal2, on Charlie Rose the night before last, Joseph Stiglitz said that all the toxic debt is still in place just as it was in 07, It's fixin to happen agian, but of course you already knew that.

[fal2grace]

yes from what i've read and seen the toxic debt is still out there...and there may be even more derivatives than in 07...thank you

[DigitalSkyline]

Well he's spot on about the conditions being right for market decline, but the dollar as your safe haven? Really? If the market crashes it's more pressure on the fed to keep rates at 0% or lower, and if' haven't noticed savings interest rates are next to nothing these days... will pms rise or drop? It's hard to say given a stronger dollar but with rising demand... it's a balancing act and until one side starts dominating they are successfully holding the dam back... for how long is the question.

[DavidAKZ]

I've observed, Dollar down, stocks up gold up. Dollar up stocks down gold down

[Motoicon]

This guy is wrong as much as he is right. He has always been negative towards metals and is always preaching a "Cash" position or gee, lets get some T-BIlls....He is right about the Dow going down, but there are still better stocks than shitty t bills. Do you really trust the government? Id rather stick it in a sock drawer than hand it to those buffoons...

[silverfuturist]

@Motoicon he is right, get cash, REAL cash = gold! T-Bills just a form of debt.

[bweazel]

Once rates begin to climb, we will see an increase in the value of the dollar, especially if the rest of the world is not ready to raise rates on their own currencies. I think we're all on a pretty even playing field now. No one has changed any big rules, we're all still playing the same game as before. Once the rate hikes begin, cash will perform much better than stocks, I think that's all he's saying.

[bweazel]

I wouldn't be so sure about a dollar rally, just yet. The interest rates aren't there for it. If they push this healthcare thru, ya, good for the dollar. That might even allow them to start raising rates slowly. Four years of tax revenue, without any programs starting until 2014, that should give the feds a good buffer for at least two years. A small one, but still a buffer. I think that's all this "health" reform is about actually. Thanks for the post, Deb.

[fal2grace]

thanks bweazel

[fal2grace]

some physical metals too...:)

[CTOL1]

Cash, and food

Send layers guns & money the shit has hit the fan Warren Zevon

[fal2grace]

yep

[CTOL1]

Yikes I couldn't lawyers lol

[GuildF40]

I only watch her lol

[fal2grace]

:) you are so funny