This interview with Robert Prechter is a must listen.
Notes:
- We are in a depression NOT a recession
- bonds are not the place to put your money
- social upheaval will go up much
- ………more notes to come. Only did my first listen this morning.
This interview with Robert Prechter is a must listen.
Notes:
2 Comments
He's lost my credibility when he claims the DOW will hit <a href="http://blogs.barrons.com/stockstowatchtoday/2010/07/06/prechters-dow-1000-doomsaying-draws-crowds/">1000</a>. I don't think the Nikkei has shrunk to a tenth of its height, and we have a growing population.
So if he said it will shrink to 2000 would that have been credible? Exact numbers are not what you want to take away from this. Rather the shape or architecture of how this depression will play out.