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Robert Prechter: 2009 Lows Are on Their Way Back (SPY, QQQ, DIA, GLD, SLV)

March 5th, 2012

Where were you when stocks bottomed in March of 2009? As fate had it, I was in Denver debating whether or not the market could be effectively “timed” with Burton Malkiel, Mr. Random Walk himself. Stocks had fallen 25% in one month on huge volume and staged a monster intra-day reversal just hours prior to the presentation to a room full of CFA’s.

As it turned out March 9th, 2009 was the greatest “buy the dip” moment of our generation.

According to Robert Prechter, founder and president of Elliot Wave International, it’s time to take profits. “It’s amazing what a mirror image today is of that time,” he tells me in the attached clip.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?


"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

CLICK HERE to get your Free E-Book, “The Little Black Book Of Billionaires Secrets”

See the full “Breakout” interview below:


NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:DIA, NYSE:GLD, NYSE:SLV, NYSE:SPY


 

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