In-Depth Look – Market Inflation – Bloomberg
Thursday, June 17th, 2010 at
1:45 am
Interview and discussion Robert Prechter of the Elliot Wave International. He gives his ideas about market inflation and market rallies in the S&P 500. (Bloomberg News)
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Tagged with: business • economy • government • INDEXSP:.INX • market • Municipality • Politics • stock
Filed under: Inflation
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LOVE YOU BOB !! short those financials
Why isnt she in porn? Hottest broad in news ever.
I could agree with his general predictions: upward C to 1100 for SP500 (approx 400dayMA), then 5 waves down to 400-500 (finally reaching support at early 1990s levels) around 2011-2013.
Lies – Prechtar did not turn bullish in early March. He did not suggest to buy stocks.
He turned neutral and suggested shorts cover and take their profits.
Bob, you saved me a lot of 401k & 529 value by recommending to get out of the stock market (& into cash). I was hesitant and didn’t get out until the Dow was approximately 11000-12000!!!
If you haven’t gone to cash, do so. If you haven’t read “Conquer the Crash”, do so to prepare for a bear market for the ages.
His target was dow 9000-10000 and SP 1000-1100. What other buy signal do you want? Investors have different time frames.
short the REITs too. (financials are basically REITs because they’ve had to repossess so much overpriced real estate).