A Market Forecast That Says ‘Take Cover’

N Y Times ^ | 7/4/2010 | Jeff Sommer

[HearMe]

Prechter has been singing the same crash of 90% tune since at least last September. Still, it's sobering to remember that most anything is possible in this Obama led world.

[Jet Jaguar]

.

[TASMANIANRED]

I have no doubt about the crash but the inflation that will come will wipe out cash too.

[Jack Hydrazine]

If this happens think of all of the analysts who say this was unexpected!

[taxtruth]

The government said the economy is GREAT!

[HearMe]

It’s not in this article, but Prechter who here prophesies a crash and deflation, also has an alternative disastrous inflation scenario.

He says that if he is wrong on a crash and the market moves instead to new highs, surpassing 2008, that will signal an inflationary catastrophe.

[CitizenUSA]

Some pundits love to bash “buy and hold” stock investing. It’s almost as if they want the market to crash or are trying to keep people constantly buying and selling stocks. Could it be they have other selfish motivations than concern for their fellow investors? I think so.

[GOPJ]

Prechter has been singing the same crash of 90% tune since at least last September.

Your comment is NOT comforting...

[ckilmer]

so if the feds can steer the economy away from crushing deflation a catastrophic inflation then the stock market volatility won’t be so profound

[RichInOC]

No, no. I think what the forecast actually says is “bend over, here it comes again”.

[HearMe]

Just saying. If you follow the market, it had quite a run since last Summer.

Prechter of the other hand had called the start of his crash at every single replacement since then. Being wrong so far.

Saying that, my charts do show we are on an edge right here and the situation could look precarious. My guess is that some news - extraneous to the market- could be a trigger of real trouble.

And then there is the prediction of Arch Crawford- for anyone who knows who he is.

Just call it all Change without Hope.

[IDontLikeToPayTaxes]

Interesting stuff. Bump.

[HearMe]

replacement = retracement

[matt1234]

My guess is that some news - extraneous to the market- could be a trigger of real trouble.

If Israel attacks Iran, and Iran chokes the Straight of Hormuz, look out!

[Irish Eyes]

Is it “blood in the water” time yet?

[blam]

Investing Strategies For The Next 'Lost Decade'

[blam]

We're Headed For A Double Dip Or A Lousy Recovery At Best (Robert Reich)

[The Comedian]

Economy of the Calorie, we welcome thee, for thou art inevitable...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[SaxxonWoods]

“And then there is the prediction of Arch Crawford- for anyone who knows who he is.”

Arch Crawford. Wasn’t that the name on the grave marker next to the grave marked “Unknown” where the gold was hidden in The Good, The Bad, And The Ugly?

[Texas Fossil]

inflation?

Possibly a deflationary depression? Depends on what the government looks like after the crash.