Thursday, November 05, 2009
Head Elliot Waver Bob Prechter was on CNBC with Maria Bartiromo yesterday. Although he lost me many years ago when he said gold would never go over $400, you've got to give the guy credit for calling the bottom in March, an idea that sat quite well with the folks at CNBC.
Calling the top today doesn't seem to be nearly as agreeable.
As they're wrapping up, Maria says: "... and when you see that buying opportunity, I want you in this seat telling us where it is and how to profit from it."
Historians will have a field day with the CNBC archives - Maria, Jim Cramer, Larry Kudlow, Fast Money, etc - when they set about documenting how we got from here to there.