Sunday, February 28, 2010

Robert Prechter of Elliott Wave says time to get out of stock markets

Robert Prechter of Elliott Wave was on CNBC this week stating that this is perhaps the last chance to get out of stocks with the DJIA “in quintuple digits.” He is saying that stocks will fall below the March 2009 lows and if deflation comes, gold could see a 40% drop from its peak. He is saying gold is overbought and starting a new bear move there anyway. Now this guys has been right in the past and has been very accurate. The web bot has not done as well as he has