Bob Prechter said on 13 April 2010
Bonds top in Oct 09
Gold top in Nov 09
CRB top in Jan 10
US bottom in Dec 09
Stock top in ??? Apr/May 2010?
This is the best opportunity to sell since
Year 2000; and
Year 2007
Keep cash or cash equivalent!
MyView
Sell and go away for a while, 6mths to a year. Then gradually buy when the whole world is pessimistic. This will be one of the best opportuinity.
- consumer spending did not improve
- housing is still weakening
- commercial property debt is due for refinancing (0.5trillion)
- unemployment still high
- debt level did not improve much, merely transfer to the public sector
- nothing was done on derivatives
You can figure out the rest for US stock market.
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