Another convert to catastrophe


SEAL ALL OF THE WINDOWS!!!!

Inquiring minds are pouring over an article in the NYTimes mentioning the unmentioning…that a massive crisis is on the verge:

WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.

Mr. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years.

He’s not the only one quoted, although he is the most negative:

For example, Ralph J. Acampora, a market analyst with more than 40 years of experience, said he moved entirely out of stocks and into cash late last month. Now a partner at Alverita, a wealth management firm in New York, he said recent setbacks suggested that the market would drop another 10 or 15 percent

It is amazing to me to see how many people are beginning to see a tumbling market.

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