Prechter Predicts

Market analyst Robert Prechter is telling us to be wary of an upcoming rally.

He is forecasting a much more significant downturn to stock values. He predicts a short turn rally then down we go, much worse than the present market.

I do not have nearly enough information to be able to evaluate this sentiment. I present it here only to fully inform in a very vulnerable financial time. We are trying to get a sense of the depth of the crisis and although we know its deep, the question keeps returning, how deep and how long.

Reuters: U.S. stocks may bottom in 2010, or in 2016: Prechter

"Once the rally gets going I think people are going to return greatly to that old feeling that everything is fine and the bear market is over," Prechter said.

But investors' more positive sentiment will ultimately fade and the stock market will resume its descent, Prechter said.