Helping you Survive Deflation
Posted by admin in Finance Thursday, 27 May 2010 10:38 4 Comments
www.marketwrapwithmoe.com Guest: Robert Prechter Jr., Founder and CEO, Elliot Wave International – Are we printing too many dollars right now? – Is now a good time to invest in bonds
@BringBackCapitalism , nice call. I think the market is going back down also. But, I’m sure they’ll find a way to try to increase spending.
I agree my man, I went cash also in sept 2009. It comes down to: I’d rather lose a little bit of upside in what I consider to be a long term decline. The way I see it, the magic investment formula of the past 6 decades (where if you don’t time correctly, its OK because investments go up longterm), is now going to be true but in reverse. Decline in general except during certain brief upward corrections, that being so until all deflationary bouts are worked through the system and cleared.
Yes, he was certainly off on that call. I did, however, go into cash when he made it, and I’m glad I did. All the rise that came since that call is now gone, and we have further to fall. I bet Soros is better at timing the market. I still admire Prechter for going against the herd and sticking to it for months, even when he looked wrong. I say Obama’s policies are a train wreck, and we’re going to get a lot worse. Nothing happening to make the economy move up. Just higher taxes, fear, and debt.
I listen to Prechter a lot because he makes a lot of sense and gets a lot right. However, he did predict a downturn since aug-sept 2009 which didnt pan out. Honestly, I think everyone who understands economics well is stunned at how long this money printing fraud can work without people clueing in. Thats why all the guys like Marc Faber, Jim Rogers, Warren Buffet…etc openly admit to being terrible traders (market timers) and instead go for long term.
I second that Orangedac. I think the PPT may be going beyond their role of preventing crashes and stabilizing, and actually re-inflating with the support of the federal reserve money laundering. They actually did the same thing in oct 1929 via JP Morgan. At the time they tried to re-inflate with 250 million (massive amount for the time), today we are using multi trillion dollars.