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Bob Prechter: 2008 Was Just a Warm Up

Bob Prechter is famous for predicting the 2008 meltdown and a bear market rally starting in March of 2008. He expects a further decline than the one we saw in 2008. He is now 200% short stock and believes dollar will rally next year.

Marketwatch published an interesting article on 11/25/2009 in regards to the current market and his outlook.

ANNANDALE, Va. (MarketWatch) — It might not exactly be news that Robert Prechter, the famous follower of the Elliott Wave theory, is bearish on the U.S. stock market.

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