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Bob Prechter sees major deflation, dollar rally, market crash
Posted on 05 November 2009 with no comments from readersPrechter got the rally right with his call in February, despite being the original perma-bear. Standby for the market crash part II.
This second video is a month old but the message has not changed. Mutual fund cash levels remain historically low while stock valuations are off the scale. Incidentally cash levels at US corporates are at their highest levels for 50 years as CEOs see no economic recovery, unlike the stock market. Who knows best?
Veteran chartist Clive Maund now sees the dollar rallying too (click here).
Posted on 05 November 2009
Categories: Banking & Finance, Bond Markets, GCC Stock Markets, Global Economics, Hedge Funds, Oil & Gas, US Dollar, US Stocks, Video Channel
no Comments posted by readers:
I do not get Bob’s prediction of Gold. Jim Sinclair and Peter Schiff feel the opposite. Elliot wave has been a shaky prediction in my opinion. So what do we believe? How is Bob’s predictions compared to Schiff or Sinclair?
Ed Note: experts seldom agree! For investment you need your own view from your own financial perspective.
Editor: I respect your site. However only one view is correct. It is not opinion, the future is science and knowing the real factors is critical is making proper predictions. Elliot wave is silly, it worked in only one decade, the 1980’s. And the 1980’s were very stable and predicable.
Elliot wave is a wierd, semi-scifi method of fractal predictive analysis which leaves out almost completely *reality*. Reality such as the engineered crisis of today, this decade, where upper end players set the rules, i.e. central bankers and their masters. Basing predictions off simple math, leaving out the human nature and function of fiat money is just silliness.
Ed Note: Technical analysis has a role – and both human nature and fiat money are historical constants!
Robert Prechter has a different approach than Peter Schiff and the other inflation guys. His research is thorough and detailed. He doesn’t simply use the Elliot Wave, but he also factors in a number of other more fundamental data. His analysis is very complex.
I don’t know if he is right or if Schiff is right. What I do know is that many of the predictions in his book, Conquer the Crash, were spot on. It is good to have a variety of opinions and angles, IMO.
Prechter is like a broken watch. He’s correct about two times per decade. Prechter is a “snake oil salesman” who still has the ability to work his faithful disciples into a frenzy. He publishes a new book about once every five minutes. This guy has made a living by scamming people into buying his useless newsletter. I would be willing to bet that Prechter does not even trade with real money.
Prector has not been right about anything since 1987.Kind of like the t. b pickens put option, just do the opposite of what he says. More people have lost more money because of him than Ponzi