ref: https://www.marketwatch.com/story/elliot-wave-predicts-triple-digit-dow-2010-06-17
....The most likely profile is a stock market crash of historic proportions."
Elliott Wave Theorist offers several reasons, including: "This bear market is of Supercycle degree, the biggest since 1720-1784. It should therefore include a decline deeper that the 89% decline of 1929-1932. A decline of 91.5% or more would carry it (the DJII) below 1,000." 
problem is, he's been CORRECT a bunch of times. he's just been EARLY. maybe he's overly bearish BUT I wouldn't discount him. 
as for "There was a stock market in 1720?", there were various european "bourses" WAY before the formation of the United States.
maybe we should remember THIS shit from history. https://en.wikipedia.org/wiki/Tulip_mania
I agree with Elliott Wave. He's right. We're so screwed for the future. There is no way out. No one in his or her right mind can possibly argue otherwise. Just look at the debt. You don't need a PhD from Wharton to deduce the obvious.
No, I am not a pessimist, and I am also not an optimist. I am a realist. And the reality couldn't be more dismal.
I agree with Elliott Wave. He's right. We're so screwed for the future. There is no way out. No one in his or her right mind can possibly argue otherwise. Just look at the debt. You don't need a PhD from Wharton to deduce the obvious.
No, I am not a pessimist, and I am also not an optimist. I am a realist. And the reality couldn't be more dismal.
uh....."the dow" made its all-time high back in Oct 2007.
Established in 1995,
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