Free Republic

Time's Person of the Year Forecasts Market Turns 1/24/2007 Watched any YouTube vids or surfed the internet lately? If so, you, as an internet user, are fulfilling your duty as Time magazine's Person of the Year. Interestingly, the magazine's 2006 cover also fulfilled its function of reflecting social mood by choosing 'You, the internet user." We view social mood as the precursor to how people behave collectively and how the financial markets behave. That is, when people go from pessimism to optimism, they buy more stock, and the markets tend to rise in a bullish trend; when they go from optimism...

STANDARD VIEW 1. Recession causes businessmen to be cautious. 2. Talented leaders make the population happy. 3. A rising stock market makes people increasingly optimistic. 4. Scandals make people outraged. 5. War makes people angry. 6. Happy music makes people smile. 7. Nuclear bomb testing makes people nervous. SOCIONOMIC VIEW 1. Cautious businessmen cause recession. 2. A happy population makes leaders appear talented. 3. Increasingly optimistic people make the stock market rise. 4. Outraged people seek out scandals. 5. Fearful and angry people make war. 6. People who want to smile choose happy music. 7. Nervous people test nuclear bombs....

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...