Thursday, August 13, 2009

Prechter Sees Deep, Years-Long Bear Market

Superstar stock picker Robert Prechter says the bear market isn’t finished with us yet.

"The big question is whether the rally is over," he told Yahoo! News.

He says he’s not sure how long the current bear market rally will last.

“But what I’m quite sure about is that the next wave down is going to be larger than what we've already experienced," Prechter says.

“I think we’ll definitely break the March 2009 lows, and I think the bear market will extend well into the next decade. … This is the top of the kind of degree that we haven’t seen for a couple hundred years.” (more)

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