Robert Prechter, Elliott Wave Theorist, tells Yahoo TechTicker:
"Everybody who's saying ‘buy stocks' today or ‘buy real estate' is, I think, setting up people to get really hurt," says Prechter, who believes the bear market rally is reaching a major top.
"We had a great opportunity at [S&P] 667 - that was the big opportunity," says Prechter, who did make a bullish call last February. "The market is up 60% [from the March lows]. There's no way the S&P is going up 60% from here."
Watch the video here:
Source: Yahoo TechTicker
