These are 3 excellent video interviews with Bob Prechter of Elliot Wave International. He makes the case that the market is in a full right-shoulder formation and that the magnitude of the technical top is a "Grand Super-Cycle Top". He covers the inevitability of deflation and the effect it will have on the dollar, he calls the bond market the "biggest bubble in the history of the world", and he recommends an immediate move to a 100% cash position. He makes a compelling and very fascinating case.
(Videos posted in order of appearance)
Technical analysis? Gross...
thanks Edmundo for trying hard to make wallstreetoasis.com becoming more like a Zero Hedge than the usual I'm a sophomore with a 3.0 from a non-target and I really want to go in banking, what do I do? type of thread
the wallstreetoasis.com alumni (as they are growing up) appreciate your efforts.
Preferably a less paranoid, less elitist Zero Hedge
I like the title of the third one "Why Prechter might be right this time". Obviously, his track record doesn't speak for him that much...
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