A Market Forecast That Says ‘Take Cover’
By JEFF SOMMER
WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.
If Robert Prechter is right, one market analyst said, “we’ve basically got to go to the mountains with a gun and some soup cans.”
Mr. Prechter is convinced that we have entered a market decline of staggering proportions – perhaps the biggest of the last 300 years.