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25 Responses to “Stock Market Crash – Robert Prechter on Bloomberg – Oct. 19, 2007”
wavytv Says:
SELL, SELL, SELL…
jdbrown371 Says:
People aren’t borrowing. Big banks are refusing to lend. People are walking away from mortgages. FHA is the housing market. Liquidity is drying up and never has there been so much debt to pay off. If you think that’s inflation then buy gold, short the dollar and get filthy rich. Here’s your chance, the dollar rallied and it must be a correction before it plunges further down. The Fed has enough shit on its books that its a threat to it’s own survival. Might as well listen to Jim Cramer
jdbrown371 Says:
Prechter predicted that gold would go up in the blowout typical of commodities and then correct sharply. With hindsight, his forecast was 100% correct. Other than one bad call, he called nearly every turn in gold for the past twenty years. The last two decades, Prechter called the gold market better than anyone else in history. If you’re trading Elliott correctly, when you’re wrong you don’t lose much and every trader who makes money consistently loses money on at least 40% of his trades.
abcdefghix2006 Says:
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.
ggadguy Says:
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.
TYX91101 Says:
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.
marnevivek Says:
Just cause u cannot predict market or posterboys and girls of Media cannot do doesnot mean no one else can do..
Nuanceqwest Says:
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.
jat4209 Says:
More like a class war ON TOP of WW3..
empnero2325 Says:
Yeah, I have been having a lot of success with the newsletter from authoropen . com
aviomaster Says:
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 …
orangedac Says:
WOW the guy was bang on.
michael38921 Says:
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?
BringBackCapitalism Says:
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?
golfprobro4eagles Says:
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.
Nuanceqwest Says:
Just wondering, do you think WW3 will be a class war?
TheJimfredrickson Says:
Has anyone tried this yet? originalturtletrader [dot] com
skbakanov Says:
The rich get richer, the poor stays poor, hardworking get middle finger, the lazy get government help……….
BoxingFly01 Says:
Check out this great source for anything stock related online:
buyingstocksonlinesource.blogspot. com
umayanarosy Says:
Nice try. Keep it up check out esteembpo + com for social media marketing. nhbnbvn
SadeTabitha Says:
Nice try. Keep it up check out esteembpo + com for social media marketing. gjdfg
dalzuga Says:
period 9 ftw
k3304 Says:
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 !
hmj8786 Says:
Im sorry but he would not have had to do all this if it was not for bush!
peacewithpower Says:
Obama is sht..He isnt doing sht except bailing out trillions! He wants to get this country bankrupt!???!!!
SELL, SELL, SELL…
People aren’t borrowing. Big banks are refusing to lend. People are walking away from mortgages. FHA is the housing market. Liquidity is drying up and never has there been so much debt to pay off. If you think that’s inflation then buy gold, short the dollar and get filthy rich. Here’s your chance, the dollar rallied and it must be a correction before it plunges further down. The Fed has enough shit on its books that its a threat to it’s own survival. Might as well listen to Jim Cramer
Prechter predicted that gold would go up in the blowout typical of commodities and then correct sharply. With hindsight, his forecast was 100% correct. Other than one bad call, he called nearly every turn in gold for the past twenty years. The last two decades, Prechter called the gold market better than anyone else in history. If you’re trading Elliott correctly, when you’re wrong you don’t lose much and every trader who makes money consistently loses money on at least 40% of his trades.
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.
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.
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.
Just cause u cannot predict market or posterboys and girls of Media cannot do doesnot mean no one else can do..
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.
More like a class war ON TOP of WW3..
Yeah, I have been having a lot of success with the newsletter from authoropen . com
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 …
WOW the guy was bang on.
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?
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?
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.
Just wondering, do you think WW3 will be a class war?
Has anyone tried this yet? originalturtletrader [dot] com
The rich get richer, the poor stays poor, hardworking get middle finger, the lazy get government help……….
Check out this great source for anything stock related online:
buyingstocksonlinesource.blogspot. com
Nice try. Keep it up check out esteembpo + com for social media marketing. nhbnbvn
Nice try. Keep it up check out esteembpo + com for social media marketing. gjdfg
period 9 ftw
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 !
Im sorry but he would not have had to do all this if it was not for bush!
Obama is sht..He isnt doing sht except bailing out trillions! He wants to get this country bankrupt!???!!!