We all know about Robert Prechter... seemingly wrong for so many years as the previous inflation spurred on the commodity bubble and even dragged along the stock market for a faux bull market. Prechter was not wrong, not on the fundamentals. His timing was the issue. As I have written before, Prechter and EWI were among my major influences - and yes, I am what I guess you might call an 'inflationist', although I am not really sure what that means other than I believe that policy makers will always choose to fight problems with inflationary policy that will eventually manifest itself in ever higher prices and debased currency. I believe EWI are thinking along those lines as well for after the current deflation has run its course.Preamble aside, I used to read Prechter's Elliott Wave Theorist each month as I was becoming whoever it is that I am now, and always found it of great value. For a short while EWI is offering a 3 month subscription of the Theorist along with the EW Financial Forecast and tri-weekly Short Term Update for 45% off the regular price and throwing in a free copy of Conquer the Crash - which is still extremely applicable to today's environment - as well. If you are going to 'get' Prechter, I think 2009 is the time to do so if you have not done so already.
Edit (1/27 @ 7:45) Filing under 'Blogger puts his money where his mouth is', I just signed up for this because it is a very important 3 month period coming up and if things time out correctly in my ongoing stance, these primary deflation spooks will help as a cross reference as to when it may be time to become defensive, manage risk and/or become outright bearish again. While NFTRH has its own voice and its own unbiased viewpoint, you surely know that it, and any other service worth its salt, does not operate in a vacuum.
Edit (8:37) ...and what do I see upon a brief skim of the Financial Forecast and Short Term Update? Well, I see alignment with what was posted on the blog and detailed in NFTRH; I see Mr. Hochberg tuned in to the same thing that was noted as a primary concern for me. Notably, the 20 day moving average of the Put/Call ratio (he uses the 10 day). If the bulls do not get in gear immediately, another leg down is coming.
