globalview99

Has the Dollar Hit a Major Bottom?

It looks like a roll over is starting; as stated by someone above, Prechter was just early as are most market prognosticators. Timing, given all the variables, is probably the hardest thing to get. yeah, he was forecasting this bear market from 2003; not five years too early, but the Bush Administration and Greenspan kept propping up the economy with easy money. The easy money then imploded eventually which was the first wave down. Obama and Bernanke responded with infusions of megamoney to reflate the collapsed financial and real economy. Eventually, there will be a collapse of the recovery under the weight of the megamoney stimulus effects receding which will surpass the March lows. That will usher in the real reform that is needed in the financial and real economy, letting the bankrupt too big to fail companies fail so that they can reform into a efficient and profitable business, massive tax reform including a 10% flat Personal and Corporate Income tax and massive investment in infrastructure which seems to have taken a back seat in the Obama Administration.