Robert Prechter on Bloomberg (11/8/11) - 'we're in another declining portion of the bear market'
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Uploaded by GreshamsLaw on Aug 11, 2011
Robert Prechter was interviews on Bloomberg on 11/8/11. He thinks we're in another 'declining portion of the bear market'. This decline has been notably severe. Given the recent extremes seen on the advance/decline ratio, he believes that we're in a wave 3 down.
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- 15 likes, 2 dislikes
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Uploader Comments (GreshamsLaw)
All Comments (11)
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Robert Precther sucks big time. He should quite... He is the worst forecaster there is
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What the heck was that sound at :38??????
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Prechter is brilliant if you ask me. His calls are cast against sentiment, and I think that can be dangerous given that sentiment can ebb and flow within a cycle. I prefer to use EW as a price measurement tool, not as a predictor of market. When the market is impulsing, it's very effective along with fibs.
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Robert Prechter is a moron. If you want I can give you hundreds of bad calls he made.
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As a real estate investor, following Prechter has saved me 100's of 1000's of dollars. He saved me so much money, I gave him a nod via my username. Any professional investor knows that timing is critical and yet perfect timing is impossible to achieve consistently. I have NO problem waiting on the side lines until things play out, I might lose a small gain here and there but overall, The name of the game has changed from ROI to preserving capital. I will buy when there is "blood in the streets."
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He has some plausible things to say. Trouble is, he's been prophesying deflation and depression for years. If we'd taken his advice in Conquer the Crash in 2001/2 we'd have lost out tremendously. Of course you can no longer buy and hold, but you cannot sit in an economic bunker waiting for doomsday either:)
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Should not the date for this post be 8/11/11?
ARIZJOE 4 months ago
@ARIZJOE In Europe we use DD/MM/YY also.
GreshamsLaw 4 months ago