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Robert Prechter and safe assets
Old 12-31-2011, 12:12 PM   #1
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Robert Prechter and safe assets

I know most here don't agree with his analysis but can someone tell me what he considers less risky asset classes? He even considers CD s and treasuries risky. Other than cash under the mattress what is he recommending ?

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Old 12-31-2011, 04:55 PM   #2
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His do and don't list from Elliot Wave website:
  • Generally speaking, don't own stocks.
  • Don't own any but the most pristine bonds.
  • Generally speaking, don't invest in real estate.
  • Generally speaking, don't buy commodities.
  • Don't invest in collectibles.
  • Don't buy goods you don't need just because they are a bargain. They will probably get cheaper.
  • Invest in short-term money market instruments issued by the soundest governments.
  • Own some physical gold, silver and platinum.
  • Have some cash on hand.
  • Sell any collectibles that you own for investment purposes.
  • Make a list of things you want to buy at much lower prices when they go on "liquidation sale."
Maybe this year he will finally get that Great Depression II he's been foretelling for years now.


MR. PRECHTER proudly marches to a different drummer. He says he is sorry that people who have listened to his advice over the last six months have had to watch from the sidelines while others prosper. “Being bearish in recent months was wrong, but I think it was prudent,” he says.
Danger is lurking, he warns, and not just in stocks, but also in bonds and commodities and other asset classes. “I have no interest in investing in any traditional financial market,” he says. “They are all dangerously over-owned, overpriced and overleveraged.”

Six months? Since at least 2009 as I recall, if not longer.

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Old 12-31-2011, 05:33 PM   #3
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Makes me think of Martin Weiss, another perma-bear.

IMHO, it's good to listen to a wide range of "financial advisers", but everyone needs to come to their own conclusions.
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Old 01-01-2012, 12:04 AM   #4
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Originally Posted by Leonidas
His do and don't list from Elliot Wave website:
Maybe this year he will finally get that Great Depression II he's been foretelling for years now.

Six months? Since at least 2009 as I recall, if not longer.
Oddly enough, my portfolio of stocks, inflation protected securities, and intermediate term bond funds shows an IRR of 24.1%, in spite of our being in withdrawal phase, and paying for law school and college for a couple of students in the family.

One of us is doing it wrong...

I'm pretty sure the Grand Supercycle Wave ABC series was supposed to wipe out over 90% of the market. One of his articles had all growth since about 1780 being retraced. Ah well, there's always next year.

No BOOM. Today...
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