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A Market Forecast That Says ‘Take Cover’ WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. ...... Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter...

An investment letter that called the Crash of 2008 said that this would be a bad year -- and it now says it will get worse. A whole generation of investors think that Robert Prechter and his Elliott Wave Theory letters, Elliott Wave Financial Forecasts and Elliott Wave Theorist, are permabears. And they've certainly seemed that way for the last decade -- although it should be noted that the stock market is now roughly back where it started. ( See April 26, 2002 column. ) But Prechter was very bullish after the 1974 low and, briefly, after being one of...

(Above is an image that appeared on a known al Qaeda chat site with an apocalyptic video. The site disappeared within hours of the image and video's appearance.) WHAT'S ABOUT TO HAPPEN? J. AdamsOctober 2nd, 2005 Spirit Of Truth Page Stock Market Update Why you should spend more than 26 seconds here... "If a nuclear weapon is detonated on American soil and they say it is Arab terrorists, don't believe it."- Col. Stanislav Lunev, a Russian military defector (source) According to an alarming teaser-of-an-article posted on WorldNetDaily last Friday, Al Qaeda may be set to deliver an "American Hiroshima"...

The science of future prediction Posted: July 28, 20031:00 a.m. Eastern © 2003 WorldNetDaily.com Following the stock market can be a real bear. There isn't a single person, signal or system I know that has not been spectacularly wrong at one time or another. Robert Prechter Jr. knows this, having first made his name with a wildly optimistic call in 1982 that turned out to be on the conservative side, he missed out on the 1996-1999 bull bubble but redeemed himself with a harshly negative prediction in 2000. He is the leading champion of Elliott Waves, which are an esoteric, but...

<p>The biggest grizzly in the market today may be Bob Prechter. His latest book, Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (John Wiley & Sons, $27.95), is riding atop Amazon.com's list of best-selling business and investment titles. It describes a truly horrible future for financial markets and society.</p>