Robert Prechter Sees a Sharp Rally in the Short Term

By on February 26, 2009

Tim Iacono reports that several contrarian market watchers including Marc Faber and Robert Prechter believe stock valuations have become compressed to the point that a short covering rally could come any day and would be violent in its upward trajectory.

Prechter gained fame in the 1980’s for correctly forecasting market moves, but after the 1987 crash he lost his mojo.


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