tag:blogger.com,1999:blog-6492542366661862113.post2172654813218093395..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Dow 3000? Robert Prechter Thinks SoJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6492542366661862113.post-63266878737619569602010-09-28T07:47:07.100-07:002010-09-28T07:47:07.100-07:00Anon
I totally agree.
I just mean the sentiment ...Anon<br /><br />I totally agree.<br /><br />I just mean the sentiment is ridiculously bullish at CNBC.<br /><br />When they do have a bear on I usually pick up a few nuggets from whoever is on because they tend to be more truth tellers.<br /><br />I thought Prechter's high yield bond data was good stuff.<br /><br />COuldn't agree more that he is more of a headline grabber that has a horrible track record.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-63797957671208692102010-09-28T07:42:03.265-07:002010-09-28T07:42:03.265-07:00"Nonetheless, a smart guy which is why I gues..."Nonetheless, a smart guy which is why I guess he gets airtime."<br /><br /><br />No. Just like it is with CNBC, being smart doesnt get you airtime. Being an outlandish idiot with extreme views (I.E. Dow will EXPLODE up to 40,000 by 2012, or dow will CRASH down to 3,000 by 2012) will get you airtime.<br /><br />Either one gets the viewers all agitated and they tune in just to nod along (if they agree with them) or yell profanities at the idiot on the TV if the dont.<br /><br />Look at that link vormosi provided. In any other industry, being that wrong, that long will marginalize you forever (as it should). However, no one in the MSM ever dares to show how bad someone's track record is. Their thinking is, "hey, as long as the guy is good for continuing extremist quotes, we'll forget everything he said and give him airtime!!!" <br /><br />Dont be a pawn of the MSM. They are the puppet masters trying to get us viewers to respond to sensationalistic bearish or bullish talking heads. Dont fall for their bait.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-55487264160109142882010-09-27T22:06:19.467-07:002010-09-27T22:06:19.467-07:00Vori
Great stuff
Thanks for sharing.
I agree. ...Vori<br /><br />Great stuff<br /><br />Thanks for sharing.<br /><br />I agree. His short term analysis is good.<br /><br />Its the uber bearish macro picture that he paints that I don't get.<br /><br />If the market goes that low there may not even be a stock market anymore..lol<br /><br />Nonetheless, a smart guy which is why I guess he gets airtime.<br /><br />I think he is good at finding "danger" areas of the market.<br /><br />I can't take DOW 1000 seriously though either.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-6827598907470036972010-09-27T20:16:52.741-07:002010-09-27T20:16:52.741-07:00Dow 3000 is quite bullish for prechter. Check out...Dow 3000 is quite bullish for prechter. Check out this article from 1989 - 21 years ago when Robert Precther and a buddy were arguing over whether the bear market leading to "the great depression, part II" would begin in 1990 or a bit later.<br /> <br />http://query.nytimes.com/gst/fullpage.html?res=950DE0D61E39F935A35751C0A96F948260<br /><br />At the time, dow was around 2,000 and he was predicting it would go down to 400. Thus, now predicting it will go to 3,000 is quite an improvement.<br /><br />I really feel sorry for the Prechterphobes. Mark Hurlburt indicates that following Prechter's advice for the last 20 years would net you -97.5% ROI.<br /><br />Think about that - 100K invested with Prechter will be worth only 2,500 today. Amazing he still gets airtime...vorimosinoreply@blogger.com