Thursday, November 26, 2009

Prechter: Leverage 200 Percent, Go Short

One of the leading financial newsletter publishers in the U.S., Mark Hulbert of The Hulbert Financial Digest, is reporting that now may be the time for investors to leverage their portfolios “200 percent” and short the stock market.

Writing in his column for MarketWatch, Hulbert, notes that Robert Prechter, the famous follower of the Elliott Wave theory, is now totally bearish on the U.S. stock market.

“That's because he has been playing the equity market from the short side for quite some time now,” writes Hulbert.

“But what is news is that, earlier this week, he became even more aggressively bearish than usual: He is now recommending that traders allocate 200 percent of their stock trading portfolios to shorting the stock market.” (more)

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