Prechter WTF Forecast: Dow 2,000

Category: Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Prechter: Did I say Dow 2000? I meant Dow 1000”

  1. chartist says:

    Sometimes I think Prechter comes up with these things purely for shock value so he can wear a suit and appear on TV….What a waste of a Yale education.

  2. ben22 says:

    who ran that his call was 2,000 in the first place, anyone that reads his work knows that was never the case, when he came up with his predictions for his primary wave 3 the targets were in fact below 1,000 for the DOW, the original ranting about him calling for DOW 2k was sort of funny as people were so worked up about it yet his actual call is in fact even more bearish.

    and btw, he doesn’t think the ultimate bottom comes soon, his low for the bear is between now and 2016.

  3. ben22 says:

    he even specifically says that the H&S target is not a prediction in the other video, it’s a little hard to forecast off that pattern anyway because it indicates a negative value for the S&P…..nobody is calling for the market to go to 0, not even Prechter.

  4. [...] if it ends with a 25% correction (thats my high probability bet) or a 55% 2008-09 like crash, or a Prectorian 90% end of civilization collapse. Regardless of how the rally concludes, the folks who missed an 85%  [...]