Is it 1973 all over again?
November 10 — Wednesday’s bad break has the bears bugalooing. But one judicious bull is standing firm.
A really scary comment from Elliott Wave Theorist’s Bob Prechter: “In my judgment, the situation is very like that of 1973. …The market has been in a two-year bear market rally, per our interpretation of the Elliott Wave model; and a broad bullish consensus had developed on stocks, recalling January 1973’s ‘Not A Bear Among Them’ headline from Barron’s.” Read more.
