Robert Prechter, president of Elliott Wave International, tells CNBC why he sees dark days ahead.


Airtime: Thurs. Jun. 10 2010 | :40:0 10 ET

Category: Video

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5 Responses to “Prechter: Long Bear Market Looming”

  1. wngoju says:

    Holy Crap! Prechter predicts a bear market!! Run!

    OTOH, maybe he’ll be right, for once in 35 years.

  2. catman says:

    Smug self promotion and flawless prognostication. How many bears can dance on the head of a pinhead?

  3. moruobai says:

    Via Eric Tyson’s website http://www.erictyson.com/articles/20090616

    “Here’s how Prechter’s trading advice has done from 1/1/85 through 5/31/09 versus the broad U.S. stock market average (Wilshire 5000 index) according to Hulbert’s analysis:

    Annualized Return:

    Wilshire 5000 Index + 9.7 percent
    Prechter’s Trading Advice -15.4 percent

    Total Return:

    Wilshire 5000 Index + 857.1 percent
    Prechter’s Trading Advice – 98.3 percent”

  4. FrancoisT says:

    Buy! Buy! buy!

  5. Graphite says:

    Great to see all the Prechter bashers are still out in force. Fading him has been a huge money-losing strategy for the past few years. He made a timely bullish call in the winter of ’09 and he’s going to pwn you guys again this time.

    Mark Hulbert on Prechter last year as the market bottomed: “… considerably more than half the 180+-plus letters followed by the HFD lost money over the last 10 years. That’s what happens when you have a crash. And EWFF (Elliott Wave Financial Forecast) achieved this return with notably low risk. Indeed, on a risk adjusted basis, it has beaten the market over the nearly 30 years that the HFD has been following it — a remarkable achievement given its radical stands – both ways.”