Prechter

    Posted by zach06 on 25th of Feb 2011 at 01:55 pm

    There is a guy on a Chat room I am in who's name is PrechterIsWrong!   Very funny!

    Title: Before you defend Prechter.... ...make

    Posted by brophy on 25th of Feb 2011 at 05:37 pm
    Title: Before you defend Prechter....

    I remember Prechter's appearance on

    Posted by hamvestor on 25th of Feb 2011 at 06:56 pm

    I remember Prechter's appearance on CNBC a few months ago, when I seem to recall that he stated rather categorically that the market was going to plunge within a matter of days, and advised everyone urgently to get out of the market. Oops...

    There's another called I_got_Prechterized in

    Posted by Vida on 25th of Feb 2011 at 02:15 pm

    There's another called I_got_Prechterized in some of the blogs I visit.

    Did they miss his buy signal near 666 on the S&P?

    Posted by lessarda on 25th of Feb 2011 at 02:17 pm

    I agree that Prechter gets

    Posted by Vida on 25th of Feb 2011 at 03:13 pm

    I agree that Prechter gets unfairly made fun of. It's easy to point at all his wrong calls, but when he gets it right, I hope for his sake (and those of his subs) that it makes up for all the wrong calls. As with any system, one has to follow it in its entirety. Nicholas Nassim Taleb of Black Swan fame for example, has a trading strategy that may lose a little every year for a decade but when he wins, it's big enough for 20 years. I don't have the mental fortitude to trade like this but I cannot fault this strategy if it works.

    Excellent point...

    Posted by lessarda on 25th of Feb 2011 at 03:25 pm

    I really value Grantham, Prechter, Rosenberg, Mauldin, etc. who really think through markets and the economy. I wish I had followed them more closely prior to 2008; even though they were early, they were right and it paid at least to have their big calls in mind, even if you followed other signals for timing.

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