Robert Prechter on King World News | Part 4/4
Elliott Wave International Founder and CEO Robert Prechter appears regularly on Bloomberg television and has been featured on CNBC and media from around the world. Robert Prechter has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash, predicted the current crisis. Prechters latest interest is a new approach to social science, which he outlined in Socionomics—the Science of History and Social Prediction published in 2003.
Biography of Robert R. Prechter, Jr.
Robert R. Prechter, Jr., CMT, is founder and president of Elliott Wave International, the worlds largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him “Guru of the Decade.” Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash – You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTAs first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
Prechters current interest is a new approach to social science, which he outlined in Socionomics—the Science of History and Social Prediction (1999-2003). This two-book set presents a theory of endogenously regulated social mood and its manifestation in social action. In July 2007, The Journal of Behavioral Finance published The Financial/Economic Dichotomy: A Socionomic Perspective, a paper by Prechter and his colleague, Dr. Wayne Parker. Prechter has made presentations on his socionomic theory to the London School of Economics, Georgia Tech, MIT, SUNY and academic conferences. He recently created the Socionomics Institute, which is dedicated to explaining socionomics, and he funds the Socionomics Foundation, which supports academic research in the field.
Prechter attended Yale on a full scholarship. He is a member of the Shakespeare Fellowship, the Shakespeare Oxford Society and the Triple Nine Society.
Duration : 0:8:56
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Tags: bloomberg, boom, cnbc, dollar, Elliott, forcast, International, market, markets, Money, peter, Prechter, Robert, schiff, Socionomics, stock, US, usd, Wave
December 2nd, 2009 at 4:48 am
No, they are …
No, they are Keynesian idiots looking for green shoots.
In the 1930s we had the gold standard in the world but now it’s cash trash fiat currency backed by nothing and they follow the idiot Keynes who like central banks & big govt and printing money, now digital. The difference between $1 & $100 bill is 2 ’00′ and so on. Central banks & govts herd resulting in inflation then hyperinflation. Their solution to a drinking problem (aka easy credit) is more even cheaper credit (ie more booze).
December 2nd, 2009 at 4:48 am
jpandyaraja,
I can …
jpandyaraja,
I can understand you pain, but think it this way. FED started printing money on enormous amount in 1987 which it did first time. A lot of economists with sensible knowledge went wrong because they didn’t see this happening and didn’t include in their estimates (Without FED printing so much money). Now they know how FED will respond, and thats improve chances of them being right.
December 2nd, 2009 at 4:48 am
hello bob its me …
hello bob its me again ……bob
people are bleeding to death on your usd
long and s&p short…..what do we do bob?
or is it like 1987 and you will be wrong for
another 13 years like back then..
December 2nd, 2009 at 4:48 am
No, but I believe …
No, but I believe it. This might be a reason why he’s now listening to Bob Prechter.
December 2nd, 2009 at 4:48 am
you said ..it..sab …
you said ..it..sab kuch kismet hai.. !!
December 2nd, 2009 at 4:48 am
I understand
– … 
– but then again, who says life is fair. Peace
I understand
December 2nd, 2009 at 4:48 am
actually niether of …
actually niether of the two…….nor James glassman
( dow 36000) nor marc faber ( world is
ending tomorrow at 12 )..no i did not
fortunately belong to any of these fire
and brimstone or perpetual paradise brigade……..what riles me is the outrageous cash this people earn while
thier followers gnash in agony..
December 2nd, 2009 at 4:48 am
you sound upset. …
you sound upset. were you burned by listening to Mr. Prechter? are you are follower of abbey joe cohn (the perpetual) bull?
December 2nd, 2009 at 4:48 am
over the top and …
over the top and mostly wrong…..
for e.g bob managed to be wrong only for
13 years when he kept on being bearish
while the dow went form 1650 in 1987 to
12000 in 2000……but dont worry about dear bob ……he kept on making millions by telling others how to !!!
December 2nd, 2009 at 4:48 am
have u checked marc …
have u checked marc fabers fund perfomance…………..?
its a disaster……..
but his bull sells well……no business
like how to business
December 2nd, 2009 at 4:48 am
p.s. dear bob … …
p.s. dear bob …investors are already
nursing smart losses from your dollar long……from last 2 weeks……what do we
do bob ? But then you never have stop losses…i know that ……..AFTER ALL its
only other peoples money….
December 2nd, 2009 at 4:48 am
Great reasoning. …
Great reasoning. Great presentation.
December 2nd, 2009 at 4:48 am
with all due …
with all due respect to Mr precther..he is a little over the top here
December 2nd, 2009 at 4:48 am
Marc Faber is now …
Marc Faber is now Saying the same thing, Defation perhaps for 1-2 years will be followed by hyperinflation. I think he listens to you.
Great Points Bob!