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Prechter Calls Dow 1000

Prechter Calls Dow 1000

Robert Prechter is known for his ultra bearish calls and yes… Dow 1000 would fall into that category (90% drop from our current levels). In this New York Times article they give a little background on Prechter and there is a bit of a sense that they are belittling his theory…..

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Davidowitz Videos

Davidowitz Videos

Howard Davidowitz is great at voicing his opinion and I think that his thoughts are usually pretty spot on. These 2 videos are an example of that.

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Art Cashin Video

Art Cashin, the director of floor operations for UBS, does a nice job in this interview of smoothing out everything that happened this past year and putting it all in perspective.

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Good Video on Big Bank Games

Below is a video by Dylan Ratigan on MSNBC, who has been putting together some great work on exposing the financial nonsense going on out there. It seems like the people of the United States would revolt with all these games the big banks are playing.

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Classic CNBS Video

Another funny CNBS video where Larry “Goldilocks” Kudlow “Doesn’t want to paint a rosy picture” but absolutely tries… and rejects any intelligent remarks from the real estate expert. You are the man Larry! Don’t let anyone that is an expert in a particular field challenge your all knowing brain.

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Roubini: A Big Crash Is Coming, But I Don’t Believe in Gold

Nouriel Roubini believes that a “wall of liquidity” is chasing all kinds of assets, yet once the economy disappoints expectations, it will all come crashing down.

Yet for Dr. Doom, gold isn’t the answer.

According to him, despite the temporarily asset bubbles right now, we’re still in a deflationary world and we’ll realize it soon enough once growth stagnates and all kinds of inflated asset categories come falling down.

Roubini:

I don’t believe in gold. Gold can go up for only two reasons. [One is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there’s slack in the labor markets with unemployment peeking above 10 percent in all the advanced economies. So there’s no inflation, and there’s not going to be for the time being.

The only other case in which gold can go higher with deflation is if you have Armageddon, if you have another depression. But we’ve avoided that tail risk as well. So all the gold bugs who say gold is going to go to $1,500, $2,000, they’re just speaking nonsense. Without inflation, or without a depression, there’s nowhere for gold to go. Yeah, it can go above $1,000, but it can’t move up 20-30 percent unless we end up in a world of inflation or another depression. I don’t see either of those being likely for the time being. Maybe three or four years from now, yes. But not anytime soon.

This seems like the same drum that Roubini has been beating. He has a strong case that deflation could be in our future. Right now I feel like we are in a limbo land where the direction has been found. Could be a rocky ride either way and be sure that your ready to play the market either way.

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