Well, I never thought I'd see this day……….I offer the following from today's New York Times:
The last time they featured Prechter, back in July, he was calling for an incredible collapse. It turns out – – agonizingly, painfully, and horribly from my point of view – – last July was in fact a fantastic time to buy every stinking stock in sight.
Perhaps the fact that he's saying he was wrong……..which, seriously, I don't think I've ever heard from Gainesville………is a good sign. As for being prudent: prudent don't pay the bills. EWI's warnings over a year ago that silver was about to plunge compelled me to sell my 1000 oz. brick at $9/ounce. I'd rather have been imprudent and own it today at $31.
