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;)
How many times have you
heard that phrase recently? And it’s spoken not just about
terrorism. People doubt the economy, the stock market, big
corporations.
But
has the world
really
changed?
Take a
look at this chart. The upper price line depicts the Dow
Industrials in the years preceding 1929, the lower line the
Dow in more recent years:
Uncanny,
isn't it? If the markets represent mass investor psychology
(as Alan Greenspan himself has admitted), then it's obvious
that psychological patterns can repeat themselves. The chart
warns of grave trouble ahead for the U.S. stock market. And
this is only one warning sign amongst hundreds more.
The good
news is that it’s not too late to protect yourself.
This
chart comes from Conquer the Crash, the new #1 Wall
Street Business best-seller. It’s written by Robert Prechter,
the man dubbed financial “Guru of the Decade” in the 1980’s by
the Financial News Network (now CNBC), one-time president of
the Market Technician’s Associations, and winner of the United
States Trading championship. He has an urgent message for
you:
We are now
entering the initial stages of a massive deflationary
depression.
I know
this seems like a "contrary" viewpoint. It’s certainly not a
common one. But you owe it to yourself to hear Bob's
perspective: This is not the first time he’s made an
"uncommon" long-term market forecast.
In 1978,
Robert Prechter published his first book, the Wall Street
classic titled, Elliott Wave Principle – Key To Market
Behavior. In 1978, our nation’s economic condition was
grim – that year, the Dow moved as low as 740. In
this bearish environment, readers of that book learned of a
coming “bull market in stocks…which should accompany a
breakout to new all-time highs.”
Now,
FNN’s “Financial Guru of the Decade” has a new message for
you. Your investments, your job, your retirement, and your
home may all be threatened when the stock market bubble pops.
(And don’t believe those who would tell you that it already
popped…the Nasdaq was only the beginning.)
In
Conquer the Crash, you’ll learn exactly why a
deflationary crash is virtually inevitable. Then, Bob Prechter
tells you step-by-step exactly how you can protect yourself –
and even profit from – this
crisis.
To learn
more, or order now, click
here.
I wish
you well in the trying times that are now almost upon
us.
Best,
Ashley
Sandvi
Elliott Wave International
P.S.
Liquidity (M3 + commercial paper) peaked in January 2000 and
has been in a steady downtrend ever since. In the second
quarter of this year, it hit an 8-year low before it
bounced. This means that outright deflation has already
begun. |
