Reflationary Environment Pressures All Investments - Prechter on Bloomberg - June 19, 2009

http://www.elliottwave.com/wave/youtube
Robert Prechter on Bloomberg June 19, 2009

Category:

Education

Tags:

• robert
• prechter
• elliott
• wave
• inflation
• deflation
• reflation
• bloomberg
• june
• 19
• 2009

[pansemuckl]

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[jdbrown371]

i think the reason he's telling people to get out or that he told people to get out in March is because most people aren't agile traders who can get in and out of the market with ease. Most people also take only the long side of the market with cash positions using their retirement. Given that the S&P returned less than treasuries in this decade and that given the inflation we had up to 2007 left investors with nominal gains, his advice was correct. Fundamentals are worse not better.

[herbs814]

2007-2009 50%+ drop

2009-2010 50-62% rebound

2010-2012 another 50%+ drop

[jimt46]

Actually, if you read the publications, in February he said to cover shorts and stay out of the market for possibly years as it was too dangerous for most investors. That was in the EWT monthly publication. On March 18th, the daily updates called for an upside target around 1044 in the S&P. The April EWFF said the same thing. Prechter doesn't believe that most folks belong in this market environment and recommends cash. Traders have been getting bullish recommendations since March.

[frank299]

never said Prechtar lies, the media is lying trying to glorify him. market rallied aprox 50% since prechtar said stay away and do nothing.  That's a fact.

[pc3222]

He said the end of a wave was at hand in late February and to cover all shorts. He chose to stay on the sidelines because the PRIMARY trend is down. He does not lie, just the representation by the media or misunderstood interpretations, as yours causes confusion for others.

[mrblack97ram]

Bob is 100% correct.... he does not give specific investment advice... he just reads the markets, bob is contrarion, He tells the multitudes who follow him where he sees the near term and longer term.... Notice we will see major sell off soon.... wave 3 is approaching and it will be deep...... very deep.... be prepared....

[allantanss]

Actually, he's still long term bearish. He never said that he's positive on the market. Still deflationist, but asking shorts to take some money out of market in Feb. Now he's predicting a primary August downward leg. I'll hold judgement until somewhere about October.

[frank299]

Lies, Prechter did not turn bullish on stocks - he turned neutral and suggested shorts cover.

Never did he say buy stocks.