Wow, he’s never been wrong. (But then why does he have to hawk newsletters?)
Exactly. I never pay attention to anyone who makes his living telling people how to get rich.
Good point.
Never? My understanding is that he insisted that the 2001 “recession” marked the beginning of the Elliot Wave Grand Decline, and simply kept denying throughout the entire Bush years that the economic growth simply wasn’t really happening. Meanwhile, those years marked a boom of economic growth in the third world on such a grand scale we still can’t quite figure out what happened.
Wow, he’s never been wrong. (But then why does he have to hawk newsletters?)
He was wrong in the 1990’s. Prechter was predicting a crash from the early 1990’s when the Dow was at 3000 and missed the rally (bubble?) all the way up to 2000.
He is in the ballpark on where this is all going. Just the debt situation alone coupled with the global economic turmoil is going to create a massive down turn in the markets - even the games they are playing now are going to run out of steam.
It is startling how similar the effects we are seeing now mimic those of the FDR period and the markets, their fundamentals during 1929-1953...
‘although it should be noted that the stock market is now roughly back where it started.’
Ten Thousand is not Fourteen Thousand, and shuffling things around by government to make it ‘appear’ it’s at Ten thousand is a far cry from investors actually investing and making the trades and numbers move through legitimate trading.