2007-2009 market debacle was just a warm-up, the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble

2007-2009 market debacle was just a warm-up, the current cycle will
echo past post-bubble periods such as America in the 1930s and England
in the 1720s, after the bursting of the South Sea bubble

http://finance.yahoo.com/tech-ticker/article/299205/Bob-Prechter-%22Quite-S=
ure%22-Next-Wave-Down-Will-Be-Bigger-and-March-Lows-Will-Break;_yltDAq8ce=
KRfsBiA4tLKc_inolll7ot4;_yluDX3oDMTE2dG1paDJ2BHBvcwMyBHNlYwNyZWNlbnRQb3N0=
cwRzbGsDYm9icHJlY2h0ZXJx?tickersD%5EDJI,%5EGSPC,SPY,DIA,QQQQ,%5ERUT,BGZ

please click on the link for the video.

Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows
Will Break
Posted Aug 11, 2009 11:52am EDT by Aaron Task in Investing, Newsmakers
Related: ^DJI, ^GSPC, SPY, DIA, QQQQ, ^RUT, BGZ
In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take the
S&P into the 1000 to 1100 range.
With that prediction having come to pass, Prechter is now saying
investors should "step aside" from long positions, and speculators
should "start looking at the short side."
"The big question is whether the rally is over," Prechter says,
suggesting "countertrend moves can be tricky" to predict. But the
veteran market watcher is "quite sure the next wave down is going to
be larger than what we've already experienced," and take major
averages well below their March 2009 lows.
Yes, the late 2007-early 2009 market debacle was just a warm-up to
what Prechter believes will be the bear market's main attraction. In
this regard, he says the current cycle will echo past post-bubble
periods such as America in the 1930s and England in the 1720s, after
the bursting of the South Sea bubble.
The 2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to
continue to be painful well into the next decade, Prechter says. "The
extreme overvaluation, the manic buying and bubbles in the late 1990s
[and] mid-2000s are for the history books - they're very large," he
says. "The bear market is going to have balance that out with some
sort of significant retrenchment."

On Aug 11, 4:210pm, Nickname unavailable <Vide...@tcq.net> wrote:
2007-2009 market debacle was just a warm-up, the current cycle will
echo past post-bubble periods such as America in the 1930s and England
in the 1720s, after the bursting of the South Sea bubble

http://finance.yahoo.com/tech-ticker/article/299205/Bob-Prechter-%22Q...

please click on the link for the video.

Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows
Will Break
Posted Aug 11, 2009 11:52am EDT by Aaron Task in Investing, Newsmakers
Related: ^DJI, ^GSPC, SPY, DIA, QQQQ, ^RUT, BGZ
In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take the
S&P into the 1000 to 1100 range.
With that prediction having come to pass, Prechter is now saying
investors should "step aside" from long positions, and speculators
should "start looking at the short side."
"The big question is whether the rally is over," Prechter says,
suggesting "countertrend moves can be tricky" to predict. But the
veteran market watcher is "quite sure the next wave down is going to
be larger than what we've already experienced," and take major
averages well below their March 2009 lows.
Yes, the late 2007-early 2009 market debacle was just a warm-up to
what Prechter believes will be the bear market's main attraction. In
this regard, he says the current cycle will echo past post-bubble
periods such as America in the 1930s and England in the 1720s, after
the bursting of the South Sea bubble.
The 2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to
continue to be painful well into the next decade, Prechter says. "The
extreme overvaluation, the manic buying and bubbles in the late 1990s
[and] mid-2000s are for the history books - they're very large," he
says. "The bear market is going to have balance that out with some
sort of significant retrenchment."

all that is a very polite unterstatement, from a man trying to issue
an appropriate
warning without generating panic....

imo


Phil scott