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Bear Market returns! Rob Pretcher makes the call...

21 May 2010 13:21Peter Waring

The bear is out of hibernation....

Robert Pretcher from Elliot Wave is known for his outspoken calls on the market. He's been pretty bearish for the past couple of years, and called the top of the market in 2007. Last March 2009 he told people to "cover their shorts" which was a timely call as the market rallied from that point a 60% rally that lasted until last week when the Greek sovereign debt crisis hit. He was early in calling the top - last August - but what he has to say here is pretty interesting. If he's right - then it's a very bad time to be in stocks.

More info on the market top here.

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