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Elliott Wave Principle: Key to Market Behavior
No book forecast the financial turmoil in 2002-03 and 2007-08 as early and in as much detail as the first and second editions of Bob Prechter's Conquer the It became an instant New York Times bestseller. More than 100,000 people read it in time to protect their financial future.
Now, as the markets close in on their third massive top in 15 years, more people than ever are in financial peril -- again. Bob Prechter releases Conquer the Crash 2014 even as Wall Street and the public have reached bullish sentiment extremes that are greater than the first two peaks.
The first two editions of Conquer the Crash published when optimism reigned and the financial world was partying around-the-clock. But then the average U.S. homeowner suffered a decline of 30% to 40% in property value. In 2007-2009, investors suffered their biggest portfolio losses since 1929-1932.
Homeowners watched Fannie Mae wither into a zombie corporation under the government's protection. Citizens in the U.S. and Europe watched politicians try to cope with the growing debt crisis -- to no avail. Those leaders in fact made the crisis worse by piling new debt on top of old.
The benefit of hindsight shows the stunning accuracy of Bob Prechter's analysis and forecasts. But at the time he published them, they were about as "contrary" as contrary can get.
Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the outcomes Prechter anticipates. There is more to come. That is why the updated 2014 edition is your best resource for "How To," "What To" and "Should You" advice to help you survive and prosper in this long-term bear market. If you own an earlier edition, you already know it was a financial lifesaver in 2002 and 2007. The third edition will prove itself imperative as 2014-2015 unfold. No investment book offers the fearless candor of Prechter's analysis of the months and years ahead.
As Prechter explains in Conquer the Crash 2014, bear markets are much shorter than bull markets. They bring the kind of destruction that can ruin anyone who ignores the warning signs. It can take years – or decades – to recoup losses. It's more important than ever to take action now.
Now, as the markets close in on their third massive top in 15 years, more people than ever are in financial peril -- again. Bob Prechter releases Conquer the Crash 2014 even as Wall Street and the public have reached bullish sentiment extremes that are greater than the first two peaks.
The first two editions of Conquer the Crash published when optimism reigned and the financial world was partying around-the-clock. But then the average U.S. homeowner suffered a decline of 30% to 40% in property value. In 2007-2009, investors suffered their biggest portfolio losses since 1929-1932.
Homeowners watched Fannie Mae wither into a zombie corporation under the government's protection. Citizens in the U.S. and Europe watched politicians try to cope with the growing debt crisis -- to no avail. Those leaders in fact made the crisis worse by piling new debt on top of old.
The benefit of hindsight shows the stunning accuracy of Bob Prechter's analysis and forecasts. But at the time he published them, they were about as "contrary" as contrary can get.
Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the outcomes Prechter anticipates. There is more to come. That is why the updated 2014 edition is your best resource for "How To," "What To" and "Should You" advice to help you survive and prosper in this long-term bear market. If you own an earlier edition, you already know it was a financial lifesaver in 2002 and 2007. The third edition will prove itself imperative as 2014-2015 unfold. No investment book offers the fearless candor of Prechter's analysis of the months and years ahead.
As Prechter explains in Conquer the Crash 2014, bear markets are much shorter than bull markets. They bring the kind of destruction that can ruin anyone who ignores the warning signs. It can take years – or decades – to recoup losses. It's more important than ever to take action now.
258 pages, Kindle Edition
First published September 14, 2014
8 people are currently reading
47 people want to read
About the author
Robert R. Prechter Jr.
34 books45 followersRobert R. Prechter Jr. (born March 25, 1949) is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–91. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.
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