Robert Prechter on Deflation – analysis & discussion on the mechanism of Deflation. Prechter explains how deflation works, the time cycles involved, and Elliot Wave Theory analysis of events. Discussions cover the Stock Market Crash, and human or social trends as they relate to these cycles. Enjoy the videos.
This guy is a total fraud.
He’s been consistantly bearish on stocks since june 2009, during which time the market has rallied about 50%. 900 to 1350 on S&P500. It doesn’t matter if he’s ultimately right, anyone trading his advice on leverage is more than wiped out by now.
Furthermore he has this massive deflation scenario that he’s published books about and been preaching about since 2008, during which time the commodities have gone to the moon, silver is up nearly 300%. Copper more than 200%, Gold double, Oil 300%, etc. etc.
Again it doesn’t matter if he’s ultimately right or not, he’s not made a single correct call and worse, his advice is totally around the wrong way. Even if you were just sitting in cash waiting for an entry signal you’ve just missed some of the most amazing runs.
He’s a classic example of why some of the best traders like Jesse Livermore said that its absurd to be bullish or bearish… you lose your opinion not your money. You make money when it goes up and when it goes down and timing is everything. You can’t just pick an opinion and preach about it like Pretcher….. the broken clock who is right once a decade…. that’s rubbish…..
Worse still he changes his tack all the time. Most of his analysis is backwards looking. He’ll predict a market top, and then 3 months later when he’s wrong all those charts and articles will disappear and he’ll show you how he predicted the market would run higher still. Elliot Wave with 20.20 hindsight vision… Its a shame you can’t place orders with hindsight isn’t it Mr. Pretcher. ?
Hey Bob…. when was the last time you actually traded your own advice ? Can we get a copy of your brokerage account records, audited by a CPA. What about a paper trading spreadsheet of all your calls ? How much are you down by since 2009 on paper…..never mind real trades… just on paper…. with your giant bearish, deflation theory and the commodities markets running more than 100% in your face and showing no sign of abating ?
What stocks are you short Bob ? Proud to be bearish, but the market’s barely sneezed in more than 2 years….. yeah…. what a great prediction…. I’d be proud to put my head in the sand if I were you…..