Sure, and I'd never trade on anything he says - his timing can be out by months, if not years. You'll bankrupt yourself a few times before hitting the big trend he predicts. The point is he is usually warning that the consensus is wrong. Everybody says they understand mean reversion, and these are the very same people piling into markets at tops
His ability to know that each and every bull market will end someday despite the public's willingness to think it will rise to the moon and beyond has no value to me. I would rather believe I have a 75% chance of being right that the top has already been put in and sacrifice a few hundred points on the S&P than be 100% sure that the market will, at some point, turn and go down.
20 years from now Prechter will still be talking about the Grand Supercycle and the 5th of the 5th of the 5th just around the corner. http://www.businessinsider.com/prec...re-will-be-safe-in-the-coming-downturn-2010-2
I'm certainly not a goldbug. I sold my gold at 1340, rebought at 1600, sold at 1700, rebought at 1600, and just recently sold at 1600. But one sobering fact, the Boom and Doom Fabian reminded me of on CNBC yesterday, was the return on my stocks. And I have been long in one form or the other since 1998, and 50% long since 2006 (and still buying everyday), but I am happy because I am up 100% since 2009, but where would I be if I just bought gold every month starting in 1998?