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Is the Worst Over for Stocks?
Posted January 25th, 2008 by manystrom in
Is the worst over for stocks? Robert Prechter's short answer (above) is "NO." His long answer is compelling, extremely interesting and includes insights into what you should be doing NOW to prepare for what's still to come. For the long answer, join his free economics & financial community, Club EWI.
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Things Become More Serious
Posted November 8th, 2007 by manystrom in
By Michael Nystrom | November 7, 2007
[Editor's note - the title of this piece comes from Chapter VII of John Kenneth Galbraith's excellent account of the 1929 Crash titled The Great Crash, a book well worth reviewing at this critical market juncture.]
Judging from recent market action - oil approaching $100, gold nearing its all time high of $850, and the dollar setting new all-time lows daily - things indeed appear to be getting more serious. I'll start with the Dow simply because it is the headline number, the one that everyone hears about. Even those who know little to nothing about the market in general are familiar with it from news summaries and headlines. But headlines don't tell the whole story:
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