The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 02, 2013

Comments

Recount

Prechter has been saying this since late 2009 and subscribers to EWT have been stopped out of their short positions several times for major losses. I believe his latest gamble at calling a top was stopped out at 1470 on the S&P. Prechter is an interesting read but his market timing has left his subscribers with no money left to protect from any crash!!!!

Dennis Elam

I do not disagree. Interestingly he had numerous big time traders from major banks and funds at the socionomic conference in 2012. I did think this chart made the same case we have been making. We rely much more on internal indicators many of which like the summation index have still been climbing. IN addition we have noted that all markets do not top at the same time, which is a flaw in trying to call The Top in a market.

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