3 August 2011
The Single Most Reliable Indicator
In this video excerpt, Elliott Wave Financial Forecast Editor Steve Hochberg explains one of the most important things to keep in mind when assessing a market, “Extreme opinions, shared widely, constitute the single most reliable indicator of an impending change of direction for a market.” Enjoy your video excerpt.
To find out more about the Wave Principle, be sure to watch the Club EWI video series: Learn the Why, What and How of Elliott Wave Analysis. This 3-video series is a great way to get started with the Wave Principle. . . . → Read More: When Everyone Agrees, Everyone is Wrong
1 August 2010
Say what you will about Muslims, some of them at least are starting to figure out what a rip off paper money is and how to avoid it.
13 July 2010
July 12, 2010 By Elliott Wave International
While many people spend time yearning for the financial markets to turn back up, a rare few have looked back in time to compare historical markets with the current situation – and then delivered a clear-eyed view of the future informed by knowledge of the past. One who has is Robert Prechter. When he thinks about markets and wave patterns, he goes back to the 1700s, the 1800s, and — most tellingly for our time now — the early 1900s when the Great Depression weighed down the United States in the late 1920s and . . . → Read More: The Bear Market and Depression: How Close to the Bottom?
18 November 2009
There have been many deeply mistaken ideas that enjoyed almost universal acceptance until reality overtook the illusion. Take for instance the once unquestioned truth that “Key West real estate never goes down.”
The persistent and widely accepted falsehood I have in mind for today’s essay is that the current U.S. economy could be accurately described as unrestrained “capitalism.” This idea, and it’s even worse corollary, that lack of regulation of that system has brought us to our present state of crisis, muddies the economic water so thoroughly that you’ve got to be pretty thirsty to try a cupful.
Whatever . . . → Read More: Scapegoating Capitalism
4 November 2009
Fighting capitalism is a thankless task that requires not only a colossal arrogance, but a masterful mendacity. A notable example is the Obama administration’s bragging about having created 640,000 jobs with $159 billion of “stimulus” money. Whether that many jobs were created seems doubtful to me, but let’s assume it is true. We will also ignore that those numbers work out to $250,000 per job. The real questions are, “What are those 640,000 people doing for the money?” and “How does it stimulate the economy?”
We can be fairly certain the new job holders are not producing anything anyone . . . → Read More: Harnessing the Ants so the Hoppers Can Ride