Stock Market Crash - Robert Prechter on Bloomberg

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Watch Robert Prechter on Bloomberg TV on the 20th anniversary of the 1987 stock market crash predict what is unfolding before our eyes today. An uncannily accurate forecast from the man that forecast the 1987 stock market crash. Why would anyone think that the Fed's actions have any influence wha
tsoever on the trend in the stock market? The Fed has similarly cut the discount rate twice in recent months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. 30) the stock market immediately rallied... only to see prices give back those gains and more, within a few short days or weeks. Mind
you, these are recent and relatively minor instances. There are longer-term examples that unfolded for years, such as the Fed's historic campaign in 2001-2002 that saw a DOZEN rate cuts, during which time the S &P 500 lost HALF of its value.
More dramatic still was the Bank of Japan's campaign that took rates to virtually ZERO for entire decade, even as their Nikkei stock index declined and/or languished over the entire period. There's nothing new about this information -- we've spelled it all out before, as recently as Bob Prechter'
s Nov. 27 and Jan. 24 appearances on Bloomberg television. Watch Prechter on Nov. 27: http://www.youtube.com/watch?v=WJnMia2rARI With charts and facts, Bob showed how powerless the Fed really is; he also reminded the audience that "People should be careful of what they wish for when they ask for
lower rates." Yes, the financial establishment labels Bob Prechter a contrarian. But, what does it say about that establishment's state of mind when arguments based on facts and evidence make a person "contrary"? All the charts Bob included in that interview -- in fact, everything he said at the t
ime and more -- is in the current Elliott Wave Theorist and Elliott Wave Financial Forecast. See it all on your computer screen in minutes, via the fast link below. http://www.elliottwave.com/s.asp?url=/ &cn=yt
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easy, they will ... ( 3 months ago by cybertrader69)

easy, they will sell sling crack cocaine to yur mother.

who believes in ... ( 3 months ago by jnjpfe)

who believes in Elliot Waves??
it
´s clear that people have to belive in some shit to fullfill their lives. But waves and Magic Ratios of pyramids and Gann shit?? I dont believe how can bloomberg give time to these guys

Now, he doesn't say ... ( 3 months ago by beyond7)

Now, he doesn't say anything about prospect for gold prices. If you talk about REAL value, gold is only worth what the hoarding instincts of the people value it at. REAL value is only in food, shelter and basic necesities and even those can be hoarded above our needs, so their prices can fluctuate above or below their real value. This is why 'real' estate is crumbling. but the price of 'basic' shelter will hold it's value better than gold in the long term.

Hi does anyone know ... ( 3 months ago by michaelc6012)

Hi does anyone know if Candy/Hoover is quoted in stock market if so which one. I know not in britain ftse

finupdate.blogspot. ... ( 2 months ago by Jane752)

finupdate.blogspot. COM
would just like to inform you that i have set up a blog with most of the economic calendars and important news to watch in the following week, all summarized on one page.

Heil Obama and ... ( 2 months ago by Stan1208)

Heil Obama and Hillary!!! Seig Heil!!!

ok you bought a 1- ... ( 1 month ago by buyystocks)

ok you bought a 1-10 ounce at $280 and another at $540, sold at the top $990,you made $25, GOOD job,do you also save baseball cards and pound puppies?

Actually buybacks, ... ( 1 month ago by LouisPaquette)

Actually buybacks, senior gold stocks have moved up ten times since the lows in 2001. That's in excess of an average of 100% per year held.
Beats holding Bear Stearns or Citigroup.;-)

You need to take a ... ( 1 month ago by msbsevensixseven)

You need to take a look at S&P charts that aren't either pulled from some left-wing loon site or out of your own ass. Utter lies, Richard.

My data comes from ... ( 1 month ago by Richardgwm)

My data comes from the CRSP database at the University of Chicago. On January 19, 1993, the day before Bill Clinton was inaugurated the S&P 500 closed at 435.13. On January 19, 2001, the day before George Bush was inaugurated and Bill Clinton left office, the S&P 500 closed at 1,342.54. Today the S&P 500 closed at 1,423.57. That is up slightly since my post. I am sorry if reality does not coincide with your distorted political views.

Yep, you have a ... ( 1 month ago by msbsevensixseven)

Yep, you have a monopoly on "reality." LOL, you're funny.

We need to move ... ( 3 weeks ago by hohahohi)

We need to move industries from india and africa the land of free labor with aids to America, start mass production and become producers rather than consumers, china is just making load full of cash off us and we sit around saying it's worth it, but no, don't expect anything good from communists, they only think for themselves." Thumb down this comment if you are a dumb ass, but this is the only way to get our respect back and start earning money.

What industries do ... ( 2 weeks ago by aTibetLover)

What industries do you want to move from India and Africa to America? Dumb Fuck!

like you don't know. ( 2 weeks ago by hohahohi)

like you don't know.

I really don't know ... ( 2 weeks ago by aTibetLover)

I really don't know what industries we need from India and Africa? Please enlighten me. Do you know where is Africa? I think you confused Africa with Asia.

Idustries are ... ( 2 weeks ago by hohahohi)

Idustries are factories that produce parts and all that stuff, Africa has few idustries which moved from US, Asia has a whole bunch of them since 1970s.

dude, I want to ... ( 2 weeks ago by aTibetLover)

dude, I want to know what TYPE of industries have moved from US to India and Africa? Please name a few of the industries you want to move back to US from India and Africa. Help me out. I am really puzzled.

just google search, ... ( 2 weeks ago by hohahohi)

just google search, I know Intel has huge plants in asia and africa nad only couple of small once in US.

google: 'x-waves ... ( 1 week ago by wrb1957)

google: 'x-waves and civilization'

Towards the end he ... ( 1 week ago by 888kevo)

Towards the end he said that oil was overvalued but it has risen in price by at least 50% since (measured in funny money but it has even risen in terms of real money) so I question the deflation argument but concede it will eventually come to pass. When though? After a hyperinflation?

You are on the ... ( 1 week ago by crustofthematter)

You are on the money pal. Robert Prechter is a genius and has been spot on more than many I know but this time he is missing all the useless pieces of paper(dollars) that have been printed and are still being printed and guess what, No one knows how much is being printed. Therefore the deflation theroy held true during all other crashes. These are Hyperinflationary period like you said.However, as banks go bust all commodities held on margins may temporarily retrace. Only to move much higher.

Great trade! Of ... ( 1 week ago by BrightAnarchist)

Great trade! Of course, as with any investment, it's meaningless unless you have an exit plan. I have friends who've made a lot in gold / silver, but they are "bugs" and -- like most investors -- they're just going to hold on even as prices fall. Investing = trading, that's true wisdom for you. Read "Prechter's Perspective".

You are correct, ... ( 1 week ago by BrightAnarchist)

You are correct, but there's more to it. Although they do print money (monetizing debt), it's a very small amount compared to their role in facilitating credit. The inflation we've seen since 1982 is actually *credit* inflation, not currency inflation. Unlike currency, credit can dissapear in a deflation. It doesn't matter how much gold and oil go up, because both the monetary engine (credit) and the psychological engine (elliott waves) and turn on a dime. Read "Conquer the Crash".

6/28/08 - Fortis ... ( 1 week ago by mikebtko)

6/28/08 - Fortis expects a complete collapse of the US financial markets within a few days to weeks. That explains, according to Fortis, the series of interventions of last Thursday to retrieve
€ 8 billion. "We have been saved just in time. The situation in the US is much worse than we thought", says Fortis chairman Maurice Lippens. Fortis expects bankruptcies amongst 6000 American banks which have a small coverage currently. Also Citigroup, General Motors; there's a complete meltdown in
US"

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