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ROBERT PRECHTER: PERSISTENT DEFLATION WILL CAUSE A DOLLAR RALLY

24 October 2009 by Cullen Roche 6 Comments

Robert Prechter recently turned bearish again after having nailed the March bottom in stocks (as well as the previous decline).  He currently sees increasing risks of a rise in the dollar and a subsequent decline in stocks.

prechter

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Comments
  • MarkS

    Good read. Thx TPC. Prechter’s track record is not great for the record.

    10/24/2009 at 5:04 PM
    • Brad

      How ungreat is Prechter’s record? EWT offers an expensive service that gives actual positions to open and close but once closed they don’t track performance. Pretty wierd for a stats guy.

      10/26/2009 at 3:19 PM
      • Cullen Roche TPC

        You’ll find that’s the truth with most so-called “experts”. Very few actually have above market returns over the long-term.

        10/26/2009 at 3:52 PM
  • James

    Prechter turned bearish like a month ago.

    10/24/2009 at 10:39 PM
  • AWF

    A month or so ago-EWT said the US Dollar had bottomed at 78 and would rally –

    Needless to say the dollar continued to decline.

    Given the current state of the US economy and the spending in DC
    the US Dollar will continue to decline.

    10/25/2009 at 8:07 PM
  • Joe

    TPC is very generous in time lines – he says “recently” but it has been something like 6 weeks.

    Perhaps TPC works for government with that sort of margin for error. ;)

    10/25/2009 at 9:55 PM