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.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
See the full “Breakout” interview below:
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