U.S. Stocks to Fall After Bear Market Rally - Prechter on Bloomberg - May 2009
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Looking at the DOW right now and it looks like he's nailed it.
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I've been a subscriber to Prechter's newsletter for 15 years. He did in fact call for a corrective rally in March 2009. Three weeks later, against all television market forecasters predictions, the market did in fact bottom and begin to rally.
His admonition to avoid stocks was aimed at the average investor - experienced traders could, and did, buy stocks at low prices with the intention to unload them in a few months time. Sorry you missed the rally. Sucker.
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lol cisdave, i think you should put your foot in your mouth at this point.
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One of his better videos. However, I don't think we are in a primarily deflationary period, unless you want to peg deflation in terms of gold as the currency. Other than real estate and wages, I expect the price of almost everything else to rise over the long-term in the next few years..
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this guy is uncannily accurate.
all his predictions are right on the money.
if in the future he makes one or two incorrect predictions, it should be seen in light of all the correct predictions he's made!
now when is his new book Conquer the Crash 2 coming out?
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9/21 will mark 38.2% fib TIME SERIES for primary wave 2 compared to primary wave 1. IMO- primary wave 3 should be ready to start now.
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Absolutely, without convoluting anything I was counting waves belonging to a shorter time frame but yes I'm waiting for that wave three. We are so close to it! It's going to be MASSIVE.
@cisdave ... So Paul Tudor Jones is full of shit when he calls Robert Prechter the best? Prechter is busy being right in this video going long while you were too chicken little to get in the market. Now you get in because everybody says its OK even though the SP500 has been trading flat for the past two months. How about that spike in the dollar or the smash up in gold/silver? Don't bitch about Prechter when you can't trade. He is the most competent analyst of our time.
jdbrown371 2 years ago 5
Dude, the amount of credit cannot be paid. Deflation...... massive deflation has already begun.
Nuanceqwest 2 years ago 5