Home › Forums › Financial Markets/Economics › Worth reading: latest from Robert Prechter
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July 2, 2010 at 12:22 AM #17662July 2, 2010 at 1:01 AM #574715stockstradrParticipant
And I add this comment, in anticipation of the forum whiners and ranters who will flame that Prechter has been wrong many times.
I’ve been tracking Prechter’s views – recording them on note cards – now for 30 years, since I was in high school.
And I say to you that nearly all the times Prechter has been “wrong” it was later seen that he was in fact RIGHT, only these were cases where he was in error only by being premature predicting when those events would occur.
July 2, 2010 at 1:01 AM #574812stockstradrParticipantAnd I add this comment, in anticipation of the forum whiners and ranters who will flame that Prechter has been wrong many times.
I’ve been tracking Prechter’s views – recording them on note cards – now for 30 years, since I was in high school.
And I say to you that nearly all the times Prechter has been “wrong” it was later seen that he was in fact RIGHT, only these were cases where he was in error only by being premature predicting when those events would occur.
July 2, 2010 at 1:01 AM #575337stockstradrParticipantAnd I add this comment, in anticipation of the forum whiners and ranters who will flame that Prechter has been wrong many times.
I’ve been tracking Prechter’s views – recording them on note cards – now for 30 years, since I was in high school.
And I say to you that nearly all the times Prechter has been “wrong” it was later seen that he was in fact RIGHT, only these were cases where he was in error only by being premature predicting when those events would occur.
July 2, 2010 at 1:01 AM #575444stockstradrParticipantAnd I add this comment, in anticipation of the forum whiners and ranters who will flame that Prechter has been wrong many times.
I’ve been tracking Prechter’s views – recording them on note cards – now for 30 years, since I was in high school.
And I say to you that nearly all the times Prechter has been “wrong” it was later seen that he was in fact RIGHT, only these were cases where he was in error only by being premature predicting when those events would occur.
July 2, 2010 at 1:01 AM #575742stockstradrParticipantAnd I add this comment, in anticipation of the forum whiners and ranters who will flame that Prechter has been wrong many times.
I’ve been tracking Prechter’s views – recording them on note cards – now for 30 years, since I was in high school.
And I say to you that nearly all the times Prechter has been “wrong” it was later seen that he was in fact RIGHT, only these were cases where he was in error only by being premature predicting when those events would occur.
July 2, 2010 at 7:08 AM #574735EconProfParticipantRobert Prechter is interesting because he emphasizes history, the importance of mass psychology in analyzing market trends, and the big picture. And yes, he has been wrong frequently, but that is partly because he has the courage to be specific in his forecasts and does not use weasel words to give himself an escape hatch in the future. He is worth listening to for preparing for unlikely “black swan” events. However unlikely they may be, they are so catastrophic that we should behave and invest as if they just might happen.
July 2, 2010 at 7:08 AM #574831EconProfParticipantRobert Prechter is interesting because he emphasizes history, the importance of mass psychology in analyzing market trends, and the big picture. And yes, he has been wrong frequently, but that is partly because he has the courage to be specific in his forecasts and does not use weasel words to give himself an escape hatch in the future. He is worth listening to for preparing for unlikely “black swan” events. However unlikely they may be, they are so catastrophic that we should behave and invest as if they just might happen.
July 2, 2010 at 7:08 AM #575357EconProfParticipantRobert Prechter is interesting because he emphasizes history, the importance of mass psychology in analyzing market trends, and the big picture. And yes, he has been wrong frequently, but that is partly because he has the courage to be specific in his forecasts and does not use weasel words to give himself an escape hatch in the future. He is worth listening to for preparing for unlikely “black swan” events. However unlikely they may be, they are so catastrophic that we should behave and invest as if they just might happen.
July 2, 2010 at 7:08 AM #575464EconProfParticipantRobert Prechter is interesting because he emphasizes history, the importance of mass psychology in analyzing market trends, and the big picture. And yes, he has been wrong frequently, but that is partly because he has the courage to be specific in his forecasts and does not use weasel words to give himself an escape hatch in the future. He is worth listening to for preparing for unlikely “black swan” events. However unlikely they may be, they are so catastrophic that we should behave and invest as if they just might happen.
July 2, 2010 at 7:08 AM #575762EconProfParticipantRobert Prechter is interesting because he emphasizes history, the importance of mass psychology in analyzing market trends, and the big picture. And yes, he has been wrong frequently, but that is partly because he has the courage to be specific in his forecasts and does not use weasel words to give himself an escape hatch in the future. He is worth listening to for preparing for unlikely “black swan” events. However unlikely they may be, they are so catastrophic that we should behave and invest as if they just might happen.
July 2, 2010 at 9:09 AM #574770sjglaze3ParticipantFYI, the British economist Roger Bootle wrote a great book entitled The Death of Inflation back in 1998, long before most people even thought about deflation.
July 2, 2010 at 9:09 AM #574868sjglaze3ParticipantFYI, the British economist Roger Bootle wrote a great book entitled The Death of Inflation back in 1998, long before most people even thought about deflation.
July 2, 2010 at 9:09 AM #575392sjglaze3ParticipantFYI, the British economist Roger Bootle wrote a great book entitled The Death of Inflation back in 1998, long before most people even thought about deflation.
July 2, 2010 at 9:09 AM #575499sjglaze3ParticipantFYI, the British economist Roger Bootle wrote a great book entitled The Death of Inflation back in 1998, long before most people even thought about deflation.
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