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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

974.0. "At the Crest of the Tidal Wave" by ACISS2::ECK () Sat Feb 10 1996 09:37

    I just picked up a copy of "At the Crest of the Tidal Wave" at the
    library.  This book is written by Robert Prechter, Jr., a guru on the
    Elliott Wave Theory.  IMHO this is a must read for any market watcher.
    
    In 1978, Mr. Prechter predicted the final 5th wave of the bull market
    that began in 1932.  This 5th wave began in 1982 and is now in its
    final blow off mania.  His 1978 prediction was called absurd at the
    time.  
    
    The book is filled with charts and explanations.  I'm in the 4th
    chapter and its scaring the bits out of my chips.  I've also seen some
    press analysis of the book and the authors of those articles says the
    guy is nuts.  Draw your own conclusions and be warned by Mr. Prechter.
    
    His prediction this time ....a market top in 1995 or 1996 and a
    decade(s) long bear market to between 41 and 381 on the Dow.

T.R	Title	User	Personal Name	Date	Lines
974.1	And the big bad wolf said....	ACISS1::CORSON	Higher, and a bit more to the right	`Sat Feb 10 1996 12:24`	15
	Right.... 41 to 381 on the Dow? Somebody needs a drug test. You would have a financial meltdown in this country that would make Mexico look like a rounding error. 10 to 15% correction, no problem. The doomsters are in business to sell books, courses, etc. I always find it funny that they have their money in mutual funds, stocks, bonds, etc. It's entertainment. Do not take that stuff seriously... the Greyhawk
974.2		ZENDIA::FERGUSON	Mr. Plumber's coding services	`Mon Feb 12 1996 09:08`	5
	Greyhawk, I love your posts to this file! :-) all the best, JC
974.3	... and the boy who cried "Wolf" lost his life	EVMS::HALLYB	Fish have no concept of fire	`Mon Feb 12 1996 11:00`	12
	> 41 to 381 on the Dow? Somebody needs a drug test. You would have a > financial meltdown in this country that would make Mexico look like > a rounding error. That's about what Prechter is forecasting. I believe it would not be too difficult for the market to fall below Dow 381 on an inflation-adjusted basis. Anybody want to think where the Dow would be, in nominal terms, one week after a terrorist nuclear device explodes in New York City? John
974.4	Prechert's been a bear for years	SUBSYS::DONADT		`Mon Feb 12 1996 11:52`	6
	Prechert has been forcasting a disaster for the stock markets for years. He keeps changing the dates. Some day he may be right, but if you had listened to him years ago, you would have missed one of the biggest bull runs in history. Ray
974.5		REDZIN::COX		`Mon Feb 12 1996 11:52`	10
	Prechter does not do well during in-depth interviews when asked about all of his predictions that did not come true - nor even close. He does a very good job of telling everyone how well he does when he even comes close; something that happens often when using s shot-gun approach to forecasting. Monies invested to his recommendations would have made brokers (and newsletter publishers) wealthy, the average buyer.....? But then, he is in the busines of selling dreams. Dave
974.6		2155::michaud	Jeff Michaud - ObjectBroker	`Mon Feb 12 1996 19:21`	12
	> Anybody want to think where the Dow would be, in nominal terms, > one week after a terrorist nuclear device explodes in New York City? Personally I wouldn't care where the Dow would be then, I'd still be in a state of shock! (if not still trying to hide from the nuclear fall-out, Nashua NH, and all of MA is not that far from NYC) During the cold war one good thing about living in Nashua is that the FAA center is here, making us a prime target for some of the warheads on those ICBM's. Being at ground zero would ensure we wouldn't feel a thing .....