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Keyword: robertprechter

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  • Dow 1000? Robert Prechter Thinks So

    09/28/2010 6:53:00 AM PDT · by blam · 13 replies
    Seeking Alpha ^ | 9-28-2010 | The Housing Time Bomb
    Dow 1000? Robert Prechter Thinks So by: The Housing Time Bomb September 28, 2010 Before I start this piece let me acknowledge all of the Prechter haters that I hear from every time I bring him up. He was back in the news after doing this CNBC interview yesterday. My Take: I found it amusing that the DOW sold off as Prechter was preaching his doom and gloom only one day after hedge fund giant David Tepper's comments triggered a 200 point rally. Like all analysts, Prechter has gotten things wrong at times just like everyone has at one time...
  • A Market Forecast That Says ‘Take Cover’

    07/04/2010 6:47:40 PM PDT · by HearMe · 34 replies · 2+ views
    N Y Times ^ | 7/4/2010 | Jeff Sommer
    A Market Forecast That Says ‘Take Cover’ WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. ...... Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter...