Robert Prechter Still Worried About Deflation

Robert Prechter, president of Elliott Wave International, says deflation remains the primary problem, not inflation



Robert Prechter : ...."I think it is the major theme , what we've had is three major peaks in the market of the last dozen years and each one of them had an extreme liquidity period , we had the top in 2000 that's when the NASDAQ topped out it collapsed , it is going to come back to those highs , then we have  2006 , 2007 that's when the real estate topped in 2006 , the DOW topped in 2007 we had the commodities the index for example in 2008 , I do not think it will come back to new highs , now this third and what I believe will be the final mania run toward the ‘inflation is going to drown us all , has gotten new high in gold ..""When it's over and we head into the next decline and pessimism begins to build up again, people are going to stop focusing on...what they interpret as optimistic news, and start focusing on the fact real estate is making new lows and employment isn't responding."

Robert Prechter of Elliott Wave International on Goldseek Radio Jan. 28, 2011

Robert Prechter of Elliott Wave International Robert Prechter on Goldseek Radio Jan. 28, 2011


Elliott Wave International


Robert Prechter is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
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Robert Prechter - Predictions for 2011

Robert Prechter , like always... is a bear , Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views.


Since August 2009 Prechter is Bearish . In January 2010 he recommended to short the matket using the tripple short funds,

Robert Prechter vs Don Luskin

Market Bull vs. Bear

Dec. 30 2010 | Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views.

Robert Prechter Sees U.S. Stock Market Lower, Dollar Higher

Aug. 11 (Bloomberg) -- Robert Prechter, founder and chief executive officer of Elliot Wave International, talks with Bloomberg's Pimm Fox about the outlook for the U.S. stock market and dollar. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Marc Faber vs Robert Prechter

Marc Faber says if the Dow falls below 1,000, "Buy a self-sustainable farm in the middle of nowhere 'surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans". He was responding to Robert Prechter, who predicted the DOW to fall below 1000 basing his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends believes that the stock market is historically overvalued in terms of dividends and earnings, because of a "great rise in positive social mood'

Marc Faber agrees with Robert Prechter : a Dow Jones at 1,000 should not be excluded

Marc Faber Questions if Dow Could Hit 1,000 as predicted by Robert Prechter

"Prechter is right when says that when manias come to an end, prices tend to retreat to where the mania started. So from this point of view, a Dow Jones at 1,000 should not be excluded," ."It is likely that if the Dow where to fall by more than 20 percent from the present level there would be further massive fiscal and monetary stimulus packages – not just in the US but worldwide," Marc Faber wrote in the In the August edition of the ‘The Gloom, Boom & Doom Report’"The question here is really, with the Dow below 1,000, what kind of dollars – and especially what kind of dollar credits – will survive,"
via CNBC.com

Marc Faber: - Gold is an international currency

Marc Faber: Gold is a world currency

Interview by The German TV Infokriegernews.de with legendary investor Dr. Marc Faber. The key messages are:

If you believe what Robert Prechter says, you should monetize all the assets and create all government bonds in 30 year olds Us.

There is a misconception that can take place because of the large debt no inflation.

If the Dow does fall to 10,000 points, the whole system collapses.
If everything collapses, I'd rather be in the gold and have it physically in a locker.

The pension will not fulfill your obligations, because they their money to 40 - 80% have invested in shares.

The problems can move with the printing press, it's like a new coat of paint on a tear, but eventually collapses the building.

FED, A monetary system was based on gold and silver, would contain, the eXess.

Under the gold standard, there was discipline.

In the 19th century came under the gold standard, the industry is that it inhibits economic growth is therefore not proved.

The growth rates in the 19th century were larger than in the 20th.

Gold is an international currency,
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.
Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.
Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Robert Prechter Says Equities to Drop, Invest in Cash

March 4 (Bloomberg) -- Robert Prechter, founder of Elliott Wave International Inc., talks with Bloomberg's Betty Liu about his stock market analysis and investment advice. He says get out of the stock market and into cash.