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5 "Tells" that the Stock Markets Are About to Reverse

Robert Prechter Conquer the Crash 2009 Second Edition Book Review

InvestorEducation / Resources & Reviews Oct 24, 2009 - 02:21 AM GMT

By: Nadeem_Walayat

InvestorEducation

Best Financial Markets Analysis ArticleRobert Prechter's original Conquer the Crash book of 2002 sought to explain why he thought the economy was heading for a deflationary depression through the application of elliott wave theory as well as giving many suggestions as to how to protect ones assets in a deflationary environment. The second edition adds 188 new pages (480 pages total) seeking to expand Prechter’s deflationary argument through the stock market’s manic climb to the 2007 peak and subsequent crash.


Conquer the Crash II - How You Can Survive and Prosper in a Deflationary Depression

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Amazon.com $16.17

The book has a total of 480 pages and is broken down into three sections or books, with books 1 & 2 as originally published in 2002.

Book 1 - Why a Stock Market Crash, Monetary Deflation and Economic Depression Are Likely To Occur Soon

This section is 128 pages in length and basically covers Elliott Wave theory as applied to the stock market and economy, presenting the case for deflation as well as several forecasts i.e. for the Dow Jones Stocks Index.

Book 2- How to Protect Yourself and Profit From Deflation and Depression

This section is 131 pages in length and covers across the board advice on what one should do during a deflationary economic depression i.e.

Should you Invest in Real Estate ?

Should You Invest in Precious Metals ?

What Should You Do if You Run a Business?

What to do at the Bottom of a Deflationary Crash and Depression

etc.

Book 3 - Appendices for 2009 Second Edition

This is the new 2009 second edition insert totaling 188 pages. The second edition update comprises of 5 appendices as follows -

Appendix A: Added Services & Updated Contact Information - 28 pages

This appendix appears to promote approx 40 financial services of various types.

Appendix B: Updated U.S. Banks, Insurers and Money Market Funds - 13 pages

This appendix is a basically a list of banks and insurers listed by 'safety ratings' as sourced from thestreet.com

Appendix C: Elliott Wave Theorist Market Commentary 2003-2007 - 60 pages

This appendix comprises extracts from Elliott Wave International's Elliott Wave Theory Market Commentary from 2003 covering the stock market B Wave rally into 2007 (though the Dow did hit an all time high in 2007), and the subsequent bear market.

Appendix D: Elliott Wave Theorist Deflation Commentary 2003-2007 - 78 pages

This appendix comprises extracts from Elliott Wave International's Elliott Wave Theorist Deflation Commentary from 2003 which basically covers deflation as a consequence of debt deleveraging credit crunch.

Appendix E: Full Circle - 9pages

Updates the elliott wave price pattern and projection on the Dow 2002 print edition.

Summary

The first 262 pages are identical to the first edition.

Appendix C and D provide an update to the analysis and thought processes behind the unfolding deflationary depression scenario.

Appendix E contains Robert Prechter's updated Dow charts.

Conclusion

The aim of the book is two fold, a. to bring Elliott Wave Theory to the masses, and b. To forecast the consequences of the unfolding deflationary depression as well as recommending a series of actions to take to help survive the depression. The second edition has sought to update what has subsequently transpired in to 2008 as well as continuing the theme of an unfolding deflationary crash.

To coincide with the release of the book, EWI has made available to the Market Oracle readership these 8 free lessons from the book.

This Free 8-lesson report (42 pages) focuses on the following lessons :

  • What to do with your pension plan
  • How to identify a safe haven (a safe place for your family)
  • What should you do if you run a business
  • Calling in loans and paying off debt
  • Should you rely on the government to protect you?
  • Money, Credit and the Federal Reserve Banking System
  • Can the Fed Stop Deflation?
  • A Short List of Imperative "Do's" and Don'ts"

This free report provides the equivalent of 42 printed pages of insight:

Learn more, and get immediate access to the 8-lesson "Conquer the Crash Collection" here.

Source:http://www.marketoracle.co.uk/Article14467.html

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 400 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

MKC
24 Oct 09, 09:29
Prechter

I bought Prechter's book when it first came out. His timing is terrible. Always has been - just look him up on the internet. Nadeem Walayat's timing is brilliant. This year alone his performance has been brilliant, and his predictions amazing.

Go with Nadeem, not Prechter.


Nadeem_Walayat
24 Oct 09, 12:03
Forecasting

Thanks for the Kind words.

In my opinion to produce accurate forecasts, you cannot invest too much in them both in terms of money and psychological, else it will skew the outcome.

That and knowing the fact that ANY forecasting skill is NOT necessary to trade, which means the focus has to be on reacting to price triggers regardless of what a forecast / ones best educated guess says.


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