Stocks still face deflationary collapse - Robert Prechter, August 17, 2009
February 17th, 2010 | by admin |me98321 asked:
Robert Prechter CNBC Video Interview, August 17, 2009;Robert R. Prechter is an American author and stock market analyst, known for his financial forecasts using the Elliott wave principle joins CNBC to predict the direction, asset markets are likely to take in the near future.
Vernon
25 Responses to “Stocks still face deflationary collapse - Robert Prechter, August 17, 2009”
By straty01 on Feb 19, 2010 | Reply
Elliot wave is CRAP!!
Oh, it was a wave 3, but now its an abc correction!, Fuck me!! you can’t trade like this!! Somebody KILL this fucking dickhead!!
Oh, US dollars will rally in 2010, WTF would they!!! they are worth shit!!
By 407buddy on Feb 22, 2010 | Reply
Family meeting folks, need to cut cost, for starters bare bone essentials only, OK canceling all insurance policies (frauds anyway) walk away from credit cards (Fico: huge fraud), walk and bye bye underwater mortgage, Hey,.it’s a pragmatic family business decision. Got the idea from too big to fail banks, I hear they are really good at it. Start me a family weed garden, pop me a cool one and,…Oh well Fuck it!
By Mario30356 on Feb 24, 2010 | Reply
Sorry, but we are over 1000 points above since he made that comment.
Where is the depression?
Oops, Elliot has waved good bye to the bears!!!
By 407buddy on Feb 25, 2010 | Reply
Come on Maria…!
Stocks, bonds and scams. Carefull fellows.
Wall Street is a fraud.
The dollar is fiat and done.
Goldman Sach, JPM are thieves, scum and frauds
Comex and The Federal Reserve: frauds
Bernanke, Geitner, Paulson, Roubini: frauds
Don’t be fooled by tv pundits and Govt data.
Don’t get screwed folks, stay away from this scum.
The only one creditable is Joe Saluzzi.
Stick to owning physical gold and silver bullion.
Guess what happens when the music stops?
Peace.
By frank299 on Feb 27, 2010 | Reply
Media lies to find a hero and attract viewers and suckers.
I’m still waiting on a link where Prechter is clearly bullish in march and suggests buying equity.
I can prove his neutral position and where he clearly says he is not bullish on equity.
By Nuanceqwest on Mar 2, 2010 | Reply
As far I can see this man has a
water- tight case.
By TommyFNG on Mar 4, 2010 | Reply
Prechter needs to read Alf Fields stuff
By herbs814 on Mar 6, 2010 | Reply
the pressure to buy out of fear of falling behind inflated investment benchmarks comes from excessive money creation and credit supply (high leverage). as long as there is a credit crunch, investors and consumers are more likely to defer purchases and to face forced selling, rather than fear missing out on a rally. no investment asset besides gold (and some foreign stock markets) has regained its highs; not domestic stocks, real estate, or silver, oil and gas, or agriculture.
By herbs814 on Mar 8, 2010 | Reply
The dollar falls as long as the credit outstanding grows faster than actual productivity (tangible wealth). Credit outstanding has declined year over year for the past 8 months (past 12 months for non-liquidating debt such as credit cards) as credit paid off (or defaulted upon) has exceeded newly originated credit. As credit contracts, the value of the outstanding credit increases due to scarcity. Debtors hold dollars at a premium to pay off bills. Creditors also value dollars fearing nonpayment
By Nuanceqwest on Mar 11, 2010 | Reply
I like the way that he explains that IF YOU ARE A TRADER we have offered opportunities to go short. That is very responsible of him.
But I cant help but think that people are irrational when the thought of dollar signs bubble above their heads.
By aviomaster on Mar 13, 2010 | Reply
- o God MAria you are soo HOT , talking about the economy , and Bernanke that puts some twist to it … I wonder what underwear you wearing …
By Nuanceqwest on Mar 17, 2010 | Reply
It is an absolute pre-requisite that the overwhelming majority of participants are bullish before the market crashes.
By michael38921 on Mar 17, 2010 | Reply
well, to be honest, I am more “afraid” of inflation than deflation. I have no problem short selling into the larger trend. Feeling pressured to buy to not fall behind, that is what is scary.
By Nuanceqwest on Mar 21, 2010 | Reply
Im telling you that everyone looking for inflation is going to get blindsided by deflation.
It is absolutely critical that people get things right. People’s life savings are riding on the deflation/inflation argument.
By michael38921 on Mar 22, 2010 | Reply
I think its still possible to have gold up/stocks down, at least relative to one another, Prechter had a good chart on that relationship as well
By surferaw949 on Mar 25, 2010 | Reply
I meant to say “hyperinflation” in the previous post. I realize that inflation (expansion in the supply of money and credit) has already started.
By surferaw949 on Mar 28, 2010 | Reply
Money is making its way into the system, you just can’t readily detect it if you’re using the wrong measuring stick. Besides, it doesn’t take “money velocity” to start inflation. People who say that are just studying the numbers, and are no more informed than Bernanke, Geithner and the other gov’t shills that got us into this. The element of human psychology and a “run for the exits” out of the dollar will be the trigger. It can happen at any time. You better be ready NOW.
By surferaw949 on Mar 30, 2010 | Reply
30percent is absolutely correct. Everyone is looking at the inflation/deflation debate as an either/or, and that’s the problem here. The behavior of gold/PMs is proof of that. Besides, I am a military officer that gets my salary from Helicopter Ben’s Printing Press. I have a hard time believing that in the next few years, I’m going to be like some kind of king gobbling up assets on some kind of fire sale. There are way too many of us on the government dole for that to happen…
By abe2517 on Apr 2, 2010 | Reply
Exactly, we Americans are headed for IMF Structural Adjustment Program style austerity in both the public and private realms. See how well that worked out for Zambia and Indonesia.
By Nuanceqwest on Apr 3, 2010 | Reply
That’s just the thing mortgage and commercial property can be liquidated.
What happened in 2008 when people realised that we couldnt pay our debt? Did Gold skyrocket? The debtholders started selling everything to pay it off. Including stocks, crude oil, gold, silver and property to recover what they could.
By abe2517 on Apr 3, 2010 | Reply
It’s silly how many people still think our debts are payable. Have fun dude…
By Nuanceqwest on Apr 5, 2010 | Reply
Dude, markets are going to fall. Gold is not going to 1200.
Everything on the stock market is leveraged and when the debt starts getting called in asset liquidation is imminent, including that of Gold and Silver to pay off debt.
By abe2517 on Apr 6, 2010 | Reply
Disinformation at its finest. Gold literally quadrupled in value over the decade as the USA engaged in nationally bankrupting wars of aggression. Nine years later and we’re still at war, still losing jobs, still printing monopoly money, still facing long-term entitlement insolvency, and the clown’s suggestion is what? A two year chart and some ad hoc rule of thumb to scare the uninformed out of tangible commodities and in to paper money? DISGRACEFUL!!!
By neil9327 on Apr 7, 2010 | Reply
Not sure about that.
While the economy is debt-deflating, assuming no further government stimulus, then there will be high demand for dollars to pay down debt. This demand will increase demand for dollars vs assets such as gold. In the short term.
By Choros22 on Apr 10, 2010 | Reply
The key point is that what is driving down the dollar is actually foreign holders of dollars China Russia Saudi Arabia and others moving out of dollars and this happens regardless of deleveraging in the domestic economy and will have very powerful consequences for the dollar. Prechters technical analysis seems to completely ignore the fundamentals. This will cause American markets to react out of the dollar as a consequence. Debt destruction will happen simultaneously.