Financial markets have recently seen an extraordinary series of ups and downs, and now there's talk of a Great Recession 2.0 -- a "double-dip."
What’s happening?
The stock market offers a big clue. Falling prices coincide with an increase in negative collective psychology. In turn, people increasingly focus on negative economic news.
In his presentation at the London School of Economics, Bob Prechter discussed recessions and the stock market:
Prechter goes on to explain how waves of optimism and pessimism in collective psychology appear not only in the economy, but also in pop culture, politics, sports, and the news.
Will pessimism continue to grow? Is "recession" too mild a word to describe what's ahead for the economy?
The past few years have proven that financial and economic conditions can change with devastating speed. To show how socionomic theory and Elliott Wave patterns work, Prechter condenses three decades of research into a two-hour presentation that anyone can follow and understand.
Now is the time to discover what really drives the trends in the economy, investor psychology, and the financial markets.
Prechter’s presentation offers a unique clarity to the way you see financial markets. History will become relevant to you in a way it never has before. Once you understand socionomics, you may never read the news the same way again.
Make sense of the swirl of financial and social events going on around you. Experience Prechter’s extraordinary address – ORDER NOW>>
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