The Socionomic Theory of Finance is a 13-year-long effort by Robert Prechter. It includes supporting chapters from twelve other scholars, writers, researchers and analysts. In contrast to the dismal science of economics, Prechter's theory is original, exciting and intellectually fulfilling. Every chapter rebuts conventions and offers ground-breaking insights in presenting a cohesive model with real-world application. The book draws a crucial distinction between finance and economics and ties both fields to human social behavior. Top reviewers from multiple disciplines have offered acclaim. Professor Terry Burnham calls it "the best book ever written on financial markets." In time, STF will transform the thinking of every individual in the world of finance. Read it and be among the first.
Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock. Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government?s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published. In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.
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 Crash. It became a New York Times bestseller. More than 100,000 people read it in time to protect their wealth. Conquer the Crash foresaw and explained the debt crisis, collapse in home prices, the two-bear-market-in-one-decade stock declines, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. Conquer the Crash 3rd edition is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions Prechter published. There is much more to come, which is why it remains your best resource for practical "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. Yet as 2014-2015 unfold, the third edition will prove itself the most imperative of all. No investment volume can match the fearless candor of Prechter's analysis regarding the months and years ahead. You can (and should) get your hands on Conquer the Crash immediately. As Bob explains in the book, bear markets are much shorter affairs than bull markets. They bring the kind of destruction that can ruin anyone who ignores the warning signs. It can take decades not years to recoup losses. It's more important than ever to take action now.
What drives our social mood? Our actions? Our motivations? Can we look into the make-up of the universe and apply it to who we are and what we do? The answers to these questions are to be found in the new science of socionomics. Socionomics evolved from the Wave Principle, a theory of patterns in financial markets. Now Robert Prechter proposes that this very same principle can be applied to our own social and cultural lives. Prechter shows that dominant aspects of our unconscious mentation are characterized by measurable patterns. Those patterns form the building blocks of humankind's social interaction, and in turn, the Wave Principle.
Just like Elliot Wave Principle, its super-bullish predecessor from 1978, this updated and abridged paperback version of At the Crest of the Tidal Wave presents a scenario that appears too dramatic and specific to be more than unfounded conjecture. However, the author's forecasting toll is again the only one that has proved its value in addressing future market probabilities. The result is social science at its best. If even half of the author's forecasts come to pass, the world of finance just a few years hence will be immeasurably different from what it is today. Using the same precise approach that he employed a month after the 1982 low at Dow 777 to forecast a great bull market that would carry the Dow Industrial Average to near 4000, Robert Prechter now calls for slow motion economic earthquake that will register 11 on the financial Richter scale. The Great Assert Mania of recent years is in its final euphoric months, he says, and the next event will be a collapse of historic proportion. If you are already well versed in the Wave Principle and prepared for the change that is coming, then ignore this book. If you are not, then devour it cover from cover. Be prepared for a shift in the tectonic plates that make up your mind's notions about financial causality. Above all, get ready for a violent shaking of your faith in conventional economic wisdom.
Market Analysis for the New Millennium lights the way professionals should be conducting financial analysis. The contributors understand what's really going on in the markets. Collectively, these twelve authors tear down convention and build a powerful case for a brand new way. Here's part of what you'll find: - New Studies in the Wave Principle and other studies in market analysis that reveal the latest findings in the field - Fascinating essays on finance and philosophy to give you a deeper understanding of how markets really work - Insight into investment manias so you don't get swept up and away with the crowd - Requirements for successful forecasting and speculation to guide you as you put your newfound knowledge to work in the markets There is a common thread running through each of the essays in Market Analysis for the New Millennium. Right now, those who espouse this view are in the minority. This volume brings hope that the right kind of market analysis will rise to prominence in the new millennium. "Arguably the most thoughtful and thought-provoking book on technical analysis in at least the last couple of generations." -Martin J. Pring, author, Technical Analysis Explained, Introduction to Technical Analysis and Martin Pring on Market Momentum "This book should become a classic. It is a must read for budding financial analysts who wish to understand and to participate in the coming explosion of scientific work that will undoubtedly be coming in this field during the twenty-first century. For veteran analysts, it is a treasure trove of excellent reference material sure to organize your mind for what is ahead. Read it " --Frank A. Peluso, Chairman, Market Systems Research, Inc., recipient of the Putnam Fellowship in mathematical physics at Princeton University "Market Analysis for the New Millennium is another class act by Robert R. Prechter, Jr. It is a compendium of challenging insights, provocative theories and useful techniques from an assembly of masterful contributors. For the serious analyst who wishes to take the Wave Principle to a higher level, this book is must reading." -- Professor Henry O. Pruden, Ph.D., Ageno School of Business, Golden Gate University; Executive Director of the Institute for Technical Market Analysis (ITMA) "The amazing aspect of Market Analysis for the New Millennium is not just how prolific a writer Prechter is but how he has maintained such a high quality of original thinking and exposition. Bob has put together a winner that will benefit amateur and professional market watchers alike." --Peter Eliades, editor, Stockmarket Cycles; recipient of the MTA's 2001 Charles Dow Award for Excellence in Technical Analysis "Along with his co-authors, Prechter has once again raised the credibility of market analysis to levels others thought were not possible." --Ralph J. Acampora, CMT, Director of the Technical Research Department at Prudential Financial in New York City; President and co-founder, Market Technicians Association (MTA)
Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock. Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government?s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published. In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.
The seventh edition of this classic--considered by many to be the definitive text in the field--describes how to apply the three basic principles of charting, to interpret common charting patterns, how to project when and how far prices will drop, and how to get into or out of investments at the right time. This updated and revised edition also includes recent charts of Internet and technology issues and new chapters for commodities traders, detailing how to chart futures, options and derivatives trading. Annotation copyrighted by Book News, Inc., Portland, OR
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