Prechter says Dow going to less than 1000 in 5-6 years.

Discussion in 'Stock Market' started by Toro, Jul 5, 2010.

  1. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    65,405
    Thanks Received:
    13,231
    Trophy Points:
    2,180
    Location:
    Surfing the Oceans of Liquidity
    Ratings:
    +45,815
    Seems pretty extreme to me.

    Get out of stocks, Robert Prechter warns - The Globe and Mail

    Though I agree that now is not a good time to hold stocks in general, Dow at, say 900, means the end of the world is coming. That is a highly improbable event.
     
  2. xotoxi
    Offline

    xotoxi Platinum Member

    Joined:
    Mar 1, 2009
    Messages:
    32,194
    Thanks Received:
    5,357
    Trophy Points:
    1,120
    Location:
    Yuurmaam
    Ratings:
    +7,366
    Does Robert Prechter have a picture of himself standing in a field shirtless?
     
    • Thank You! Thank You! x 1
  3. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    12,009
    Thanks Received:
    1,396
    Trophy Points:
    265
    Ratings:
    +4,881
    Look at the tax law changes scheduled for 1/1/11 and thereabouts. This congress has literally paid people to get out of stocks by New Year's.
     

Share This Page