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Why Dell Will Never Be Great Again"The big plunge is under way," says Pete Kendall, co-editor of The Elliott Wave Financial Forecast and a leading proponent of a deflationary, bear market outlook.
He suggests, "A flight from risk has been seeping into the markets for some time. And it's accelerating now." Here's his bearish outlook on stock as well as his forecast for bonds and the U.S. dollar.
Kendall notes, "How quickly investors forget! Wasn't it really just a few weeks ago that KKR's Henry Kravis told a conference of investment bankers, 'The private equity world is in its golden era right now. The stars are aligned.'"
Indeed, Kendall adds, "At the time, we agreed that stars were aligning, but in a different way. We have been forecasting a new era that would crush the over-extended hedge funds and investment banks."
The notably bearish advisor states, "It's all part of the unfolding flight from financial risk. Most people still have almost no idea just how risky these markets are. They will find out in the weeks and months ahead."
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