Stock Market Crash – Robert Prechter on Bloomberg – Oct. 19, 2007
http://www.elliottwave.com/s.asp?url=/&cn=yt
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 whatsoever 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 time 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
ADD TO YOUR FAVORITES! EMAIL THIS VIDEO TO FRIENDS!
Duration : 0:7:7
This entry was posted on Tuesday, November 3rd, 2009 at 3:04 am and is filed under stock market. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
If the Dow is …
If the Dow is topping right now, and the next leg down is equal to the first, Dow 10200 will yield a downside target of BELOW 2500.
November 3rd, 2009 at 3:04 am
Just cause u cannot …
Just cause u cannot predict market or posterboys and girls of Media cannot do doesnot mean no one else can do..
November 3rd, 2009 at 3:04 am
Here is the great …
Here is the great thing. History sure does rhym so if you want to make money of these things i’m sure you could find a way.
It is very useful to look at things both as a participant with your own emotions and a spectator/speculator/investor.
November 3rd, 2009 at 3:04 am
More like a class …
More like a class war ON TOP of WW3..
November 3rd, 2009 at 3:04 am
Yeah, I have been …
Yeah, I have been having a lot of success with the newsletter from authoropen . com
November 3rd, 2009 at 3:04 am
His Willer curve …
His Willer curve he may stick i his …
Stock market could be predicted , but not 100% …
He is using mathematical curve to predict the markets ,,, IF Economy behaves as an mathematical curve ,, everything would be predicted 100% … IT does not work ,,, Precter …
November 3rd, 2009 at 3:04 am
WOW the guy was …
WOW the guy was bang on.
November 3rd, 2009 at 3:04 am
So, he’s still …
So, he’s still predicting below the march bottom, even as we hit 10k today. Is this the top? Good time to buy bear funds?
November 3rd, 2009 at 3:04 am
This is so Good. …
This is so Good. Right on! Next Chapter: Will the dollar rise pushing commodities lower in the next leg of this DD, or will Technical analysis breakdown via currency event?
November 3rd, 2009 at 3:04 am
One more great …
One more great economist who predicts the economy correctly and great traders and economist Michael Hudson, Peter Schiff, Jim Rogers, Marc Faber and so many more. God help us we have Idiots in our government.
November 3rd, 2009 at 3:04 am
Just wondering, do …
Just wondering, do you think WW3 will be a class war?
November 3rd, 2009 at 3:04 am
Has anyone tried …
Has anyone tried this yet? originalturtletrader [dot] com
November 3rd, 2009 at 3:04 am
The rich get richer …
The rich get richer, the poor stays poor, hardworking get middle finger, the lazy get government help……….
November 3rd, 2009 at 3:04 am
Check out this …
Check out this great source for anything stock related online:
buyingstocksonlinesource.blogspot. com
November 3rd, 2009 at 3:04 am
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. nhbnbvn
November 3rd, 2009 at 3:04 am
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. gjdfg
November 3rd, 2009 at 3:04 am
period 9 ftw
period 9 ftw
November 3rd, 2009 at 3:04 am
peace, you must …
peace, you must know some inside stuff. If i were you, id give a call to the State Dept. You could break that case wide open. Thanks for the insight !
November 3rd, 2009 at 3:04 am
Im sorry but he …
Im sorry but he would not have had to do all this if it was not for bush!
November 3rd, 2009 at 3:04 am
Obama is sht..He …
Obama is sht..He isnt doing sht except bailing out trillions! He wants to get this country bankrupt!???!!!
November 3rd, 2009 at 3:04 am
Dude, wtf would …
Dude, wtf would Obama send more 17,000 troops to Afganistan.??? Spending 653 billion a year on is not helping the economy! THNK!
November 3rd, 2009 at 3:04 am
911, was simply …
911, was simply done to make an excuse to attack Iraq and Afgan’s .. Bush’s brother is the man man behind this act..
November 3rd, 2009 at 3:04 am
Dude..WTF are you …
Dude..WTF are you talking about?
November 3rd, 2009 at 3:04 am
DJIA close above …
DJIA close above 7,500 today or Total Global Bank Run tomorrow…
It’s just that simple.
Pass it on.
da bear
All ‘Their’ Fiat Metals Are Belongs to We The People.
November 3rd, 2009 at 3:04 am
yup
yup
November 3rd, 2009 at 3:04 am