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Home > U.S. Economy
(Video 3 of 3) Prechter on Yahoo! Finance: Bank Reform Will Shrink Credit, Kill the Economy
Robert Prechter's May 20, 2010, interview with Yahoo! Finance, part 3 of 3

By Alexandra Lienhard
Fri, 21 May 2010 16:00:00 ET
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The Senate version of financial regulation is bad for business on Wall Street and, according to the Wall Street Journal, could cut the profits of major financial institutions by roughly 20%. Find out why Robert Prechter thinks it's also bad for the economy in the third excerpt from Robert Prechter's May 20 interview with Yahoo! Finance Tech Ticker host Aaron Task. Then take two minutes to sign up for your free resource -- more market insight from Robert Prechter's desk.

 

 

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Be sure to watch Prechter's other interviews on Tech Ticker from May 20:

(Video 1 of 3) Prechter on Yahoo! Finance: "On Schedule for a Very, Very Long Bear Market"
(Video 2 of 3) Prechter on Yahoo! Finance: Gold is No Haven

 

Tags: Robert Prechter, market crash
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robert prechter
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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