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

www.elliottwave.com Observe Robert Prechter on Bloomberg Television on the 20th anniversary of the 1987 stock industry crash predict what is unfolding prior to our eyes right now. An uncannily correct forecast from the guy that forecast the 1987 stock industry crash. Why would anybody believe that the Fed’s actions have any affect whatsoever on the trend in the stock market place? The Fed has similarly reduce the low cost rate twice in current months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. thirty) the stock market right away rallied… only to see costs give back again those gains and more, in a handful of quick days or weeks. Mind you, these are current and relatively small cases. There are lengthier-phrase examples that unfolded for a long time, these kinds of as the Fed’s historic campaign in 2001-2002 that noticed a DOZEN fee cuts, for the duration of which time the S&P 500 misplaced Half of its worth. Far more dramatic still was the Financial institution of Japan’s campaign that took charges to virtually ZERO for total decade, even as their Nikkei stock index declined and/or languished about the complete period of time. There’s practically nothing new about this details — we’ve spelled it all out prior to, as lately as Bob Prechter’s Nov. 27 and Jan. 24 appearances on Bloomberg television. Observe Prechter on Nov. 27: www.youtube.com With charts and information, Bob showed how powerless the Fed genuinely is he also reminded the audience that “Men and women ought to be mindful of what they want for when they inquire for reduced rates.” Yes, the fiscal establishment labels Bob Prechter a

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21 Responses to “Stock Market Crash – Robert Prechter on Bloomberg – Oct. 19, 2007”

  1. Serrokot says:

    Securities are worse than money… It is known to all.

  2. YashRamisetty says:

    @peacewithpower lets blame our mistakes on him. right on.

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  6. jmmacalalag says:

    Being bearish for the last 30 years does not make you an expert. As of now he’s been bearish for the last 2 years, calling tops left and right, keep calling tops and I guess eventually you’ll be right. This guy is one of the biggest crooks.

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  8. jackgoldman1 says:

    Prechter hit the exact peak here. Wow

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    Man that was on my birthday,Damn bush…

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  14. moggerd says:

    He called what right?, he said invest in treasuries the dollar has plunged in value.
    He said don`t invest in gold look at what that has done.
    Insanely bad advise.

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  16. OptionsSchool says:

    I remember this period well, Mario Marciano told me we would have consecutive corrections of 15% in 2008 before the year ever started! People who want to watch CNBC to get their news typically blow off the true technical and economic analysis!

  17. meltingEyeballs says:

    I respect Prechter for his research but something is not right with him. He was blinking more than once every second thruout the interview.

  18. TomHbirbeck says:

    Wow he called that right.

  19. TheCrystalRiver says:

    false prophets
    fuck corporate./

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