Robert Prechter - next major bear market is starting?

BizBanker Wrote: ------------------------------------------------------- > Structural unemployment cannot be solved by loose > monetary policy. How about people start their own > businesses and watch the equity value in their own > company go up vs. the work of other companies? > Then no one can downsize you. But the million dollar question is…what kind of business?

BizBanker Wrote: ------------------------------------------------------- > Structural unemployment cannot be solved by loose > monetary policy. How about people start their own > businesses and watch the equity value in their own > company go up vs. the work of other companies? > Then no one can downsize you. The million dollar question is…what business which is dosen’t already have a saturated market.

Hello Mister Walrus Wrote: ------------------------------------------------------- > That’s it, I’m out of here. lol… i love how everyone just snowballs on that flat out wrong statement without even noticing… :slight_smile:

Doesnt matter what business. Just that you do a good job, work hard, and reap the rewards. Buy a bar/restaurant, start a new consulting business, buy a small business for sale. When you work for a large company, sometimes (not always) you can work hard and not reap all the rewards. Or sometimes you can be just plain lazy and get a phat check.

phBOOM Wrote: ------------------------------------------------------- > There is a fine difference between doom and gloom > and going back to the caves and a correction in > the stock market. We are not saying that the world > is going to hell, simply that there is no reason > for the stock market to go higher in the short to > medium term before fundamentals improve. you are right, wrong analogy. but what i disagree is we are due for a major correction. Although it was one of the fastest equity market recovery in the history, it still has some gas in the tank.

phBOOM Wrote: ------------------------------------------------------- > Let’s put things in perspective. > > Back in the tech bubble, S&P hit 5000. It has > never recovered and now is less than half of the > all-time hight. You mean the NASDAQ, not the S&P.

A sign of a person with < 1 year of experience?

^ I thought you couldn’t handle the discussion here and hid yourself in the bathroom? Is it time for bathroom break?

I found it. Proof of Prechter’s dismal track record. http://www.cxoadvisory.com/gurus/Prechter/