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The Best Time To Read Prechter’s Perspective Is Right NOW
Imagine combing through the myriad writings by Elliott Wave International president Bob Prechter – more than two decades of publications, radio and magazine interviews, news articles and books – with one goal in mind: extract the most compelling insights into how the patterns in mass social mood have shaped the political, social and economic fabric throughout history...
...AND, how social mood will continue to shape history in the years ahead.
Let’s put it this way: Interviewing Bob Prechter on the Elliott Wave Principle is like asking U.S. gold Olympian swimmer Michael Phelps about the freestyle. The result – “Prechter’s Perspective” – offers uniquely intimate and insightful explanations of the stock market’s natural rhythms, its psychological origins of such, and the ultimate impact of a major downturn.
For technical analysts, Prechter’s Perspective is a field guide of knowledge on how to calculate the Fibonacci sequence, and how to identify the progression and personality of impulse waves, corrections, fractals, cycles and more.
For history buffs, Prechter’s Perspective is an encyclopedia of facts on the early practitioners of the Elliott Wave Principle, including a detailed biography recounting Bob Prechter’s own evolution from rock musician to Merrill Lynch analyst to bull market icon.
Prechter's Perspective is an invaluable guide on how to remain safe and successful during the greatest economic challenges. Order your very own copy of Prechter’s Perspective today.
And, for those interested in seeing how the Wave Principle enabled Bob to anticipate the current wave of economic turmoil befalling the United States, Prechter’s Perspective (published in 2004) outlines the following forecasts:
- Housing Market: “Are there manifestations of euphoria in real estate?”
Bob: There’s a “coming disaster in real estate related investments. … In the past five years, people have been erecting ‘McMansions’ all over the place. It’s all financed with credit, and that game is ending. The trap is set.”
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Credit Market: “The credit implosion you see leads you to contradict the most deeply held convictions on Wall Street, like the conventional belief that bonds rise when the economy slows.”
Bob: “It’s plainly not good for bond values if the issuers of bonds, i.e. the borrowers, suffer financially to the point of not being able to pay interest or principal.”
- The Federal Reserve: “There are no restrictions on the Fed. … There is no hesitancy to do whatever it takes to bail out troubled entities. Won’t the Fed just lend its way out of the problem?”
Bob: “While it’s true that the Fed has unlimited power to offer credit, it cannot create liquidity because it cannot FORCE businesses and consumers to lend and borrow no matter how cheaply it offers credit.”
Toss in a boatload of myth-busting revelations – including news is irrelevant to stock trends, a rise in interest rates is NOT bearish for stocks, and the Fed is NOT in control of the economy – AND we’ve finally skimmed the surface of Prechter’s Perspective.
Prechter's Perspective is an invaluable guide on how to remain safe and successful during the greatest economic challenges. Order your very own copy of Prechter’s Perspective today.