Stock Market Crash – Robert Prechter on Bloomberg – Oct. 19, 2007
www.elliottwave.com Watch Robert Prechter on Bloomberg TV on the 20th anniversary of the 1987 stock market crash predict what is unfolding before our eyes today. An uncannily accurate forecast from the man that forecast the 1987 stock market crash. Why would anyone think that the Fed's actions have any influence whatsoever on the trend in the stock market? The Fed has similarly cut the discount rate twice in recent months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. 30) the stock market immediately rallied... only to see prices give back those gains and more, within a few short days or weeks. Mind you, these are recent and relatively minor instances. There are longer-term examples that unfolded for years, such as the Fed's historic campaign in 2001-2002 that saw a DOZEN rate cuts, during which time the S&P 500 lost HALF of its value. More dramatic still was the Bank of Japan's campaign that took rates to virtually ZERO for entire decade, even as their Nikkei stock index declined and/or languished over the entire period. There's nothing new about this information -- we've spelled it all out before, as recently as Bob Prechter's Nov. 27 and Jan. 24 appearances on Bloomberg television. 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 ...
Today Forex Trading Analysis | 04/21/2010
2007, Bloomberg, Crash, market, Oct., Prechter, Robert, Stock
Please check on Twitter: Stock highlights. . . . I never waste any1 looking to make money at that time. They are like my knowledge and skills of timing. YouTube videos coming soon!
A broken clock right twice a day.
What is "a mistake in the dollar"? Against all conventional logic, the U.S. dollar rally, as erwartet.Zur P answer your question: "What is preventing the print Gobo?" It's simple - the Chinese, the largest U.S. lender.
sell sell, sell. . .
People are not borrowing. Big banks refuse to lend. People are walking away from mortgages. The FHA is the housing market. Liquidity is drying up and has never been more debt to pay. If you think inflation, then buy gold, short dollar and get rich. This is your opportunity to bring the dollar, and there must be a correction is needed before it falls below. The Fed has enough crap in his books, is a threat to its survival. But it is also heard Jim Cramer
Prechter predicted that gold is going to blow the typical products and then really strong. In hindsight, his prognosis is 100% correct. With the exception of a bad reputation, he cried almost every corner of gold during the last twenty years. The last two decades, when the gold market Prechter better than anyone in history. If trade Elliott correctly if I lose a lot and brings each dealer, money, are consistently losing money for at least 40% of their trade.
Part of the error in the dollar Prechter, I think, was ignoring the role of the Fed and the administration. They are "psychological" players in this game too, and you have to have the effect, be taken into account. When predicted a drop of the magnitude Prechter suffer, you can be sure that the government responds to pressure and take up employment and asset prices. Why do not they? What do you think? They want to win again? The game here is gold.
This man was so wrong about gold. And in a recent interview that he still thinks that gold could fall. But he is right about the other things you mentioned.