Dow-Gold Ratio Shows Bear Market Underway in US - Prechter on Bloomberg - February 2008
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All Comments (11)
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What a beautiful foresight Robert had done! People may think that he was crazy given on March 2008, the Dow rebound slightly then followed the extreme sharp fall.
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Shame on Pimm Fox here. He says the components of the DJIA have "changed dramatically" and he's right. He should have said that regardless of the components in the DJIA, the DJIA represents the industrial output capacity of the U.S. economy at any moment in time.
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Robert Prechter is clueless. There is no way there will be deflation. If we see deflation the government will print massive amounts of money and create inflation. Inflation helps debters and the U.S. is a giant debter. When the dollar really starts falling countries like China, Japan and people around the world will dump their dollars.
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One more great economist who predicts the economy correctly and great traders and economist Michael Hudson, Peter Schiff, Jim Rogers, Marc Faber and so many more. God help us we have Idiots in our government.
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Feb. 2008 - has to be that !
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have enjoyed the 5 waves up & abc for years
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The description column reads "Feb. 27th, 2009"??? LOL!
When you think Elliott Wave, think Robert Prechter.
Its too bad more people don't see this kind of investment thinking, kudos to Bloomberg.
amleko 3 years ago 4
This must be a video of Feb 2008.....when gold was up before the dip....and so was oil.
marcopiero 3 years ago