Robert Prechter's Glimpse Of The Apocalypse To Come
It is no secret that Robert Precther has long predicted a massive crash in the stock market. While we see no need to recap the events of the past two years culminating once again with the economic, financial and geopolitical crises of the past month, is the Elliott Wave Theorist finally about to be vindicated? Prechter's concern is that just as the record swing in the market on the way up caused a sense of false security, and, well, overall giddiness for lack of a better word, the crash will be accompanied by a variety of important adverse socio-behavioral demonstrations. While these can likely easily be anticipated by most, as they summarize pretty much what the first few days of the apocalypse would look like, here is a complete list of what Prechter expects on the way down, pulled from an October 2003 issue of the Elliott Wave Theorist.