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I did not hear / see the video but I presume the title of your posting replicates the main thrust of what he said. I think Prechter is extremely aware of his lack of credibility and it shows with the extreme worn look on his face (huge bags under his eyes). I think he is honorable and will be proven right altho possibly not to the extremes that the headlines pretend, e.g. Dow 1,000.
The worst thing is to speculate on speculation. R.Prechter has been wrong for so long that he just might be right this
time in a big way and regain his Reputation as the best E-Waver
http://i.imgur.com/3kwLL.png
http://tinyurl.com/2exd4q6
Hey Geoff what web browser do you use ?