DOW.....at 1000 ??? Robert Prechter says Yes!

Well everyone knows that we have stated over and over that we are currently in the first real generational Bear Market in the history of US Stock markets. Well, this morning what showed up on at Yahoo's "Market Watch" is a major news story that is centered around the technical market forecasting of Robert Prechter who works with the Elliot Wave Theory.  The forecast is for the DOW to decline below 1000!  

Now the Wall Street and Washington "Demi Gods" have spent millions on "Spin" media manipulation to try and lie and fool the public!  

Into thinking that the "Great Recession" is over due the great federal spending of taxpayers dollars.  However I have been publicly shooting holes in all these lies and fairy tales. Also, way back in 2000 we were telling everyone that the generational Bull Market was over!  That the 2007 was the largest Bear Trap in History!   Now in 1987 Robert Prechter was the last guy to the Bear Market party, but he did get on board.  Now with this latest new prediction...I hope that people will listen that this "dead cat" bounce or as we know it as a counter trend rally is only the start of the next major leg down!

Here is a summary from the story released today at Yahoo. 

(Robert Prechter) Elliott Wave Theorist offers several reasons, including: "This bear market is of Supercycle degree, the biggest since 1720-1784. It should therefore include a decline deeper that the 89% decline of 1929-1932.  A decline of 91.5% or more would carry it below 1,000." 

The hard reality is that now Prechter is getting on board the "depression" express that we have been riding on for the last 3 years and also that he now see a Bear Market that is similar in duration and close to our expectations in terms of down side !!   The current congress and white house assured that the ride down will take longer and create conditions that will require 20 years to turn around. The White House is now killing the economy and wealth of investment... all for the benefit of bigger federal government. States are also not able to do anything other than delay the disaster that California is now the role model for default.  As the US goes down the drain...aided by the "Beltway Clowns" it will crush any world recovery as well!

So thank you Mr. Prechter for standing up and coming into the spotlight for the long term failure of the Stock markets.  Now remember that in 2009 Prechter caved into to pressure from outside sources and he pulled away from backing a long term forecast of a multi year on going Bear Market!!  

Now Mr. Prechter is out but again on the Bear Market side.  However we want to remind our readers world wide...you notice that our original forecast for a generational Bear Market has never wavered and our original forecast on the long term down side levels has also never changed. Now Prechter still does not get the fact that the upside for Gold and all precious metals is what will be seen as the largest BULL market in the history of the know world.  Prechter also does not get that the USD is in a counter trend rally, not because of the strength of the dollar, but rather due to the Euro's pending failure.

SO...I want everyone to use the link provided to GO now and read the the Yahoo "Market Watch" article on the Robert Prechter "Forecast of DOW below 1000!" READ IT NOW!

Then after you read the article....start getting out of all stocks!  Go into Fixed Income Treasury or Aussie Treasury issues and precious metals...the only stock we see as being safe long term is APPLE Inc.!!