[Perdogg]

“I’m saying: ‘Winter is coming. Buy a coat,’ ” he said. “Other people are advising people to stay naked. If I’m wrong, you’re not hurt. If they’re wrong, you’re dead. It’s pretty benign advice to opt for safety for a while.”

The global warming theory applied to the stock market

[muawiyah]

So far we've faced what is essentially a 5% drop in GDP combined with a doubling of unemployment, and our industrial sector is rapidly becoming the world's lowest cost producer in a number of very critical product lines with world impact.

Instead of taking profits, producers and management organizations are cutting prices.

The market will not grow without profits behind it.

[Nervous Tick]

I’m disappointed. I thought Prechter based his analyses on economics fundamentals, not fractal patterns in the charts.

[jveritas]

The markets will go down but there is no way the DOW would go to 1000, may be 6000-7000 in worst case scenario. It will be the end US and the World economy as we know it if the DOW goes to 1000. It would not be allowed to happen no matter what. There are still much powerful forces than Obama and his socialists and these forces would not allow this to happen.

[Sarajevo]

For someone described as being “in a different league” Prechter is full of a lot of BS.

[NeoCaveman]

The Dow to an ounce of gold ratio is going back to 1.

I was hoping they would meet at 5000 but they could meet at 1000.

[blam]

Coming Chaos: No Banks, No Public Facilities, No Food and Rampaging Gangs of Desperate People

[Sooth2222]

His advice: individual investors should move completely out of the market and hold cash and cash equivalents, like Treasury bills, for years to come.

Hmmmmm. What could possibly go wrong with that strategy?

I'm even more bearish than the average bear, but I think Dow 1,000 is somewhat less likely than Dow 1,000,000 and $200 Happy Meals.

[Brilliant]

1000... Not very likely anytime soon.

But if so, then Obama won’t make it thru his first term.

[montanajoe]

I was wondering the other day what happened to the guy who back in the 80’s was the Elliot Wave “guru” who was always predicting a crash..guess I know now.

I heard a guy refer to alot of the present sentiment as Apocalypse hypochondria I tend to agree.

[jiggyboy]

hold cash and cash equivalents, like Treasury bills, for years to come

Yeah good luck with those Treasury bills when rates go from 2.9% to 18%.

[jiggyboy]

Q: How many Eliot Wave theorists does it take to change a light bulb?

A: An Eliot Wave theorist never changes his light bulb. He simply declares darkness to be “the alternate count” and goes on with his life.

[Ticonderoga34]

Ping for later read.

[Lazlo in PA]

I could see this happening if there were no Americans left here. Otherwise, starting at Dow 6500 people would move to stop whatever down-force is being implemented and by 4500 all hands on deck would remove Obummer and all his puppets. Too many people have too much at stake to let it just bottom on ideology.

[krunkygirl]

save

[Freedom_Is_Not_Free]

scaredy bump