Prechter: We're At A "Grand Supercycle Top", Nowhere Will Be Safe In The Coming Downturn

robert prechter

Wow. Robert Prechter, the Elliot Wave guru sure knows how to get quoted, even if his timing is sometimes a little off.

Speaking to the Society of Technical Analysts in London, according to WSJ, Prechter warned that nowhere will be safe in the coming bear market and that the market is at a “grand, supercycle top.”

We’re not sure exactly what that means, but yeah, it definitely doesn’t sound good.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

markets moneygame-us