Robert Prechter on BloombergTV's Closing Bell

Robert Prechter was on Closing Bell with Maria Bartiromo on Thursday the 10th of June.
Here the main points:
  • The dollar rally is over
  • The euro is ready for a bounce - could bounce to 1.30 wouldn't trouble
  • Would prefer to be in the CHF and the EUR
  • Doesn't give any short term forecast for the equity markets.
[Note: the video is embedded on the web site,
but doesn't appear on the RSS feed for some reason]

Prechter also appears in the current edition of Bloomberg-NewsWeek along with many other bears like Peter Schiff, Nouriel Roubini, etc. The cover of the magazine is big bears, which bothers me as it would mean as a contrarian indicator to we should have a bounce in the short term.

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