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Here’s a rather rare message from personal development guru, Tony Robbins on the stock market:
Source: Tony Robbins blog
Most of the content about the economy and the stock market should be old hat to my readers. While Tony doesn’t name the person he has been mentoring, from the description of this trader’s success in the 1987 crash and his profitability during the past few years it can only be Paul Tudor Jones II.
This is an educated guess on my part. We know from the 1987 PBS produced documentary “TRADER: The Documentary” that he was heavily short the S&P 500 using Elliott Wave analysis. As well, we know from his more recent comments that he is bullish on gold and bearish on equities (generally speaking).
By the way, the documentary is extremely rare but I have a copy and to be honest, I was shocked to learn that Tudor Jones’s home-run during the 1987 crash was underpinned by Elliott Wave analysis.
If we assume that Tony is speaking accurately from his recent conversations with Paul Tudor Jones II, then he is saying that while he was bullish on March 2009, now he is bearish and expecting a waterfall decline sometime into late 2010 or early 2011.
Make of that what you will.
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