Quick -- think of a movie or TV series you heard about only because a friend recommended it. That's how I found out about a wonderful Canadian TV show called "Slings and Arrows." On the surface, it's about a theater group that performs Shakespeare's plays. But it's more truly about the slings and arrows of outrageous fortune that the actors, staff, and directors suffer in rehearsal and on stage – as well as laugh-out-loud situations when they aren't on stage. And add one theater ghost whom only the current director can see and converse with.
I had never heard of the show, which ran from 2004-06, until a friend who is a director at our local theater told me how wonderful it is. Now that I have watched the first two seasons, based on the theater's productions of Hamlet and Macbeth, I can't wait for Netflix to deliver the final season of shows that are based on King Lear.
Now, let's talk about the real world and how you can avoid the slings and arrows of outrageous fortune in the economy and markets. I recommend a special book written by Bob Prechter called Conquer the Crash, You Can Survive and Prosper in a Deflationary Depression. Bob wrote it in 2002, back when people seemed to be more interested in reading James Glassman's and Kevin Hassett's Dow 36,000. But here it is 2009, and we all know which book saw the future most clearly.
The thing is, Bob did more than just forecast a crash and explain why it had to happen; he also devoted half the book to explaining how you can survive and prosper even in the face of a deflationary depression. Here are some of the chapter titles: Should You Invest in Commodities?; How To Identify a Safe Haven; Should You Invest in Precious Metals?
Fortunately, it's not too late to get the best information on how to deal with the economy we are in now – one that is heading toward deflation and depression rather than inflation and exuberant growth. [
Editor's note: For a quick peek at the kind of information you can get from
Conquer the Crash, see this
list of 16 quotes.]
But, why listen to me? After all, I work here at Elliott Wave International, so you might think that I'm a little too close to the subject matter. Let's see what others who have read the book say about Conquer the Crash:
Comments from Conquer the Crash readers:
· "I found it (Conquer the Crash) very well written ... clear, logical, more than informative. I have recommended the book to others. It couldn't be easy to write such a book when few are even aware there might be a problem. As you say, there is no downside to believing you, except the possible limiting of your returns ... a very cheap price when you consider the alternatives."
– D.G. of Bridge Lake, B.C., Canada
· "Kudos on your book, Conquer the Crash. By providing a set of expectations for the coming tumultuous times, we can better prepare ourselves."
– R.S. of Knoxville, TN
· "I went to my 25th Harvard Business School reunion and I thought you'd like to know that your book, Conquer the Crash, is prominently placed on the first bookshelf when one enters. By the way, I read the book and enjoyed it thoroughly (I'm all cash but for a few shares of Apple Computer, my sentimental favorite)."
– A.S.
Once you read Conquer the Crash, you will want to stay in touch with the monthly writings of Bob Prechter through his Elliott Wave Theorist, which is part of our Financial Forecast Service. Here's what subscribers say about it:
· "I love to see when Elliott Wave refers to past predictions that have come to pass. Could someone write an article on the word SURPRISE? I see it all the time in the Wall Street Journal. It is used in reference to earnings, job reports, government economists, etc. I am usually thinking 'Hey, I remember reading about that in The Elliott Wave Financial Forecast.'"
– P.L.
· "I greatly enjoy reading The Elliott Wave Theorist and The Elliott Wave Financial Forecast every month. In fact, the clarity of your thoughts is so powerful that I typically read an issue at least a half dozen times."
– R.N.
· "I'm a subscriber to the Financial Forecast Service, and I find your analysis of the U.S. stock markets, bonds, the dollar and precious metals to be of the highest caliber. You have achieved a level of expertise that is unparalleled in the industry, and your analysis definitely needs to be an integral part of any serious traders' decision-making process."
– C.B.
· "Your lucid writing makes complex subject matter, that most of us would never tackle, downright accessible. Thank you – you make us smarter."
– T.B.
There's still time to protect yourself and your family from the hard times we all face. You can order
Conquer the Crash separately or get it free when you order our Financial Forecast Service.
Read more here.