Maybe this year he will finally get that Great Depression II he's been foretelling for years now.Don't
Do
- 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."
http://www.nytimes.com/2011/02/20/your-money/20stra.htmlMR. 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.”
Leonidas said: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.
http://www.nytimes.com/2011/02/20/your-money/20stra.html
Six months? Since at least 2009 as I recall, if not longer.