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Prechter’s deflationary deleveraging bust comes true
Posted on 21 May 2010 with 2 comments from readers
Super-bear Robert Prechter is being proven correct, albeit a little later than first advertised. It is worth looking back a couple of months at what he was saying then. How many would now wish that they had heeded his advice? He also told his followers to buy double-short ETFs.
But the frightening thing is the plunge line on his downwave, this is looking nasty:
2 Comments posted by readers:
you forgot to mention that he is equally bearish on gold.
1000point for djia????? this is absurd! it would certainly fall, but to 1000? This is impossible.