Get Ready for a Cataclysmic Market Crash! (Or Maybe Not)
(Wall Street Journal) — Could the Dow really drop 90%? Earlier this month, in an interview that was widely circulated online, market analyst Robert Prechter predicted that the Dow Jones Industrial Average will fall below 1000 within the next six years. The Dow promptly surged back above 10000, but it is worth asking whether Mr. Prechter might be right anyway.