“Super-bear” Robert Prechter just made a shocking new call

From Distressed Volatility:

On June 4, Robert Prechter, founder of Elliott Wave International, told Lauren Lyster on RT’s Capital Account that he is still very bearish on the stock market, which he sees making a major secular low in the next four years.

But he also thinks Treasury bonds are in the process of topping out (yields bottoming), which is interesting because he still thinks we are headed for a deflationary depression!

In [...]

Robert Prechter on the Bullishness of an EU Breakup and the coming Global Deflation

Published on Jun 4, 2012 by CapitalAccount

Welcome to Capital Account. Billionaire hedge fund manager George Soros says the EU is like a bubble and authorities will not be able to meet the demands of the market coming up. It doesn’t keep Eurocrats from pushing for new master integration plans. But are they doomed to fail when the mood is this negative? Was the very formation of the EU made possible by a [...]

Robert Prechter: Signs Of An Impending Credit Implosion

Prechter sees the Stock Market in the process of topping

GUEST EXPERT  03/22/2012

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James J Puplava CFP with Robert Prechter

Jim is joined this week on Financial Sense Newshour by Robert Prechter, President ofElliott Wave International. Robert sees signs of a potential credit implosion, with borrowing and spending contractions in many foreign countries, as well as in US states and municipalities. He believes that the commercial bank “lending machine” is out of order, and the investment bank “leveraging [...]

Robert Prechter Explains The Fed, Part II

By: Elliott Wave International | Tue, Oct 18, 2011

The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve

This is Part II of our three-part series, “Robert Prechter Explains The Fed.” You can read Part I Here.

Money, Credit and the Federal Reserve Banking System
Conquer the Crash, Chapter 10
By Robert Prechter

… Let’s attempt to define what gives the dollar objective value. As we will see in the next section, the [...]

Robert Prechter expects large declines in the stock market

THE FED has lost all credibility along with the currency they print up out of nothing!

Richard Russell:

“Robert believes that way to safety in a deflation is to have cash, and lots of it. My concern with this approach is that I question the safety of the US dollar (and all fiat money, for that matter). So in an all-out deflation, Robert Prechter will be sitting in all cash or US Federal Reserve notes. But the dollar is collapsing, and with a US that is deflating, [...]

Prechter Says DOW Will Fall To 1,000 is being too extreme but it’s a good warning!

The New York Times recently profiled Robert Prechter and his call for the Dow to fall to 1,000.

If you’re not familiar with Mr. Prechter, he’s a follower of an obscure accountant named RN Elliott who claimed to have discovered that the stock market follows a predictable pattern which is somehow (don’t ask me) related to the Fibonacci Sequence…

The Dow dropped 90% [...]

This shouldn’t really be surprising for those who understand that we are in deflationary depression…

By Al Coryell
Host/Moderator

Since the 1970s, Robert Prechter of Elliott Wave International (EWI), has been warning that Elliott Wave Theory is predicting a major top to a giant three century wave which R.N. Elliott dubbed the Grand Super Cycle wave or GSC. The GSC wave spans back to the 18th century encompassing the South Sea Company Bubble in the early 1700s and all history since. [...]