Robert Prechter on CNBC says likely we’ll see two more years of Bear Market

Prechter says his call to sell was 800 S&P points ago. He has taken off his shorts now, but feels that we may see two more years of a bear market. Prices are not cheap enough yet. He is a bull on the dollar – says now a dollar will buy twice the equities it did a year ago, twice the real estate it did in 2006, and twice the gasoline it did a year ago.

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