Tim: I see the markets usually frustrating both bulls and bears as far as their timeframes (those with patience do better), and so Prechter's timeframe is a little off but most of his ideas may be proven right eventually. I do believe most of his contentions are right on, though I believe it will be a very soft economy rather than a depression.
I see alternating up and down mkts, up and down economies with at least 2 recessions to 2010, no depression, and of course, lower stock prices this decade, with one low in 2005 and another in 2006, then rally in 2007.
Make no mistake about it though: Kondratieff Winter is here, our debt load=33 Trillion now and 1/2 Trillion more per year, will suffocate our economy and stock mkt in the years to come.
What do you think? |
