Faber, Prechter, McHugh Call for Stock Market Rally → Washingtons Blog
Faber, Prechter, McHugh Call for Stock Market Rally - Washingtons Blog

Tuesday, February 24, 2009

Faber, Prechter, McHugh Call for Stock Market Rally

Noted market-timers Marc Faber, Robert Prechter and Robert McHugh are all calling for a significant stock-market rally.

Huh?

How could the market rally when the economic news is so bad?

Well, as I previously wrote, the market is not always rational.

Remember, even if the market does rally in the short-run, Faber, Prechter and McHugh are all forecasting a very deep depression afterwards and none of them are recommending that you buy and hold stock long-term. So this is a trader's game, not a long-term investor's game.

Note: I am not an investment advisor and this should not be taken as investment advice.

3 comments:

  1. add one more to the list--for today at least....

    not a stock picker but couldn't resist this one--and it worked!

    Julius Caesar called todays bounce in the stock market (really, he did).
    who knows what tomorrow brings--

    http://4best4worst.wordpress.com/

    love your blog folks (it was a "best" on my blog this week) -- hope you like mine....

    maximus

    ReplyDelete
  2. These are all advocates of Elliot wave theory. Building on this theory Eric Chevrette has defined the Elliot Wave Market Synchronicity Theory. It's more accurate at predicting trends than Traditional Elliot Wave with a Dow Theory foundation. This matters because he is calling for more downward pressure before the next oversold rally. Also he has been more accurate than Faber, Prechter, and Mc Hugh, as they apply Elliot wave theory from a traditional standpoint.

    ReplyDelete
  3. It was a awe-inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too......
    Thanks
    Regards
    Stock Tips

    ReplyDelete

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.