Stock Market Crash – Robert Prechter on Bloomberg – Oct. 19, 2007

admin, 02 January 2010, 28 comments
Categories: News
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elliottwaveintl asked:


. Watch Prechter on Nov. 27: www.youtube.com With charts and facts, Bob showed how powerless the Fed really is; he also reminded the audience that “People should be careful of what they wish for when they ask for lower rates.” Yes, the financial establishment labels Bob Prechter a contrarian. But, what does it say about that establishment’s state of mind when arguments based on facts and evidence make a person “contrary”? All the charts Bob included in that interview — in fact, …

Comments

28 Responses, Leave a Reply
  1. abcdefghix2006
    05 January 2010, 7:14 am

    Part of Prechter’s mistake on the dollar, I think, was to ignore the role of the Fed and the administration. They are “psychological” players in this game too, and you have to consider the effect they will have. If we suffer a crash of the magnitude that Prechter predicts, you can be sure that the government is going to PRINT and SPEND until jobs and asset prices respond. Why wouldn’t they? What is stopping them? What do they gain by holding back? The right play here is gold.

  2. ggadguy
    06 January 2010, 2:55 pm

    This guy was so wrong about gold. And in a recent interview he still thinks gold could go down. But he’s right about the other things he mentioned.

  3. TYX91101
    09 January 2010, 11:17 am

    If the Dow is topping right now, and the next leg down is equal to the first, Dow 10200 will yield a downside target of BELOW 2500.

  4. marnevivek
    12 January 2010, 4:40 pm

    Just cause u cannot predict market or posterboys and girls of Media cannot do doesnot mean no one else can do..

  5. Nuanceqwest
    12 January 2010, 11:22 pm

    Here is the great thing. History sure does rhym so if you want to make money of these things i’m sure you could find a way.

    It is very useful to look at things both as a participant with your own emotions and a spectator/speculator/investor.

  6. jat4209
    15 January 2010, 11:44 pm

    More like a class war ON TOP of WW3..

  7. empnero2325
    17 January 2010, 10:22 pm

    Yeah, I have been having a lot of success with the newsletter from authoropen . com

  8. aviomaster
    19 January 2010, 5:40 am

    His Willer curve he may stick i his ass …
    Stock market could be predicted , but not 100% …
    He is using mathematical curve to predict the markets ,,, IF Economy behaves as an mathematical curve ,, everything would be predicted 100% … IT does not work ,,, Precter …

  9. orangedac
    20 January 2010, 6:36 pm

    WOW the guy was bang on.

  10. michael38921
    22 January 2010, 6:10 am

    So, he’s still predicting below the march bottom, even as we hit 10k today. Is this the top? Good time to buy bear funds?

  11. BringBackCapitalism
    23 January 2010, 7:08 pm

    This is so Good. Right on! Next Chapter: Will the dollar rise pushing commodities lower in the next leg of this DD, or will Technical analysis breakdown via currency event?

  12. golfprobro4eagles
    24 January 2010, 2:41 pm

    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.

  13. Nuanceqwest
    25 January 2010, 1:09 am

    Just wondering, do you think WW3 will be a class war?

  14. TheJimfredrickson
    27 January 2010, 7:05 am

    Has anyone tried this yet? originalturtletrader [dot] com

  15. skbakanov
    30 January 2010, 6:47 am

    The rich get richer, the poor stays poor, hardworking get middle finger, the lazy get government help……….

  16. BoxingFly01
    31 January 2010, 7:14 pm

    Check out this great source for anything stock related online:
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  17. umayanarosy
    02 February 2010, 2:55 pm

    Nice try. Keep it up check out esteembpo + com for social media marketing. nhbnbvn

  18. SadeTabitha
    02 February 2010, 3:31 pm

    Nice try. Keep it up check out esteembpo + com for social media marketing. gjdfg

  19. dalzuga
    05 February 2010, 9:14 pm

    period 9 ftw

  20. k3304
    06 February 2010, 9:48 am

    peace, you must know some inside stuff. If i were you, id give a call to the State Dept. You could break that case wide open. Thanks for the insight !

  21. hmj8786
    07 February 2010, 10:07 pm

    Im sorry but he would not have had to do all this if it was not for bush!

  22. peacewithpower
    10 February 2010, 12:38 pm

    Obama is sht..He isnt doing sht except bailing out trillions! He wants to get this country bankrupt!???!!!

  23. peacewithpower
    12 February 2010, 9:09 am

    Dude, wtf would Obama send more 17,000 troops to Afganistan.??? Spending 653 billion a year on is not helping the economy! THNK!

  24. peacewithpower
    12 February 2010, 3:17 pm

    911, was simply done to make an excuse to attack Iraq and Afgan’s .. Bush’s brother is the man man behind this act..

  25. peacewithpower
    12 February 2010, 5:28 pm

    Dude..WTF are you talking about?

  26. Kylie Batt
    16 April 2010, 2:01 am

    Согласен, очень хорошее сообщение…

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    elliottwaveintl asked:

    . Watch Prechter on Nov. 27: http://www.youtube…..

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