Video with Robert Prechter doing an interview on Bloomberg sharing his view on the current situation in the markets. The essence of his thinking is really:
We are now in a RISK-OFF market environment.
Needless to say this supports my assumption we have mostly likely entered a new bear market. The jury is still out but keep in mind the mind-set of investors and traders has now most likely switched to risk-off vs. risk-on. Act accordingly. Enjoy the video!
Hat tip to David Shvartsman for the following quote:
If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re misinformed. – Mark Twain
My public list with all my charts can be viewed here:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469
Buenas noches!