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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: David W. Taylor who wrote (681)9/10/2003 2:40:49 PM
From: Jim Willie CB  Read Replies (3) of 110194
 
in 1995-96, the Prechter crowd missed the largest stock rally in history that ensued over the next few years, and compounded their dismal investment record with absurd claims about gold in 2001-2002

what should the intelligent observer conclude?
they dont understand either stocks or the monetary system
these are historians of financial markets
not investors
they missed by 5 years and 200% in stock values
they totally missed the gold phenomenon in thoroughly embarrassing and amateurish fashion

in summer 2002, the Prechter crowd called gold an investment heading for $200
it broke above $330 within months
it is now threatening the $400 mark
he insanely analyzed gold as a commodity in decline
first he missed that commodities (see CRB) reversed a few months before
second, he missed that gold is a safehaven for the upcoming bond debacle

by next spring, we will see that Prechter is loud loud wrong wrong again

these are sheep, who are bad investors

I rest my case, and will not argue further
the Prechter crowd make for a nice circus freak sideshow
I believe they are now wrong in identifying rather easy gold EW minor and major wave markers

I got no hard feelings with you
but your claim on my unintelligent comment makes you sound unusually shallow
I am sure that is not the case
no more pissing
these Prechter folks strike me as overrated
far more overrated than even the USEconomy
take it easy

/ jim
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