At the Crest of the Tidal Wave: A Forecast for the Great Bear Market

by Robert R. Prechter Jr.

Book Overview

Dramatic perspective on future market probabilities.-- Challenges conventional economic principles.-- Contains over 200 charts.-- Author uses same approach he implemented to forecast the great bull market in the early 1980's.

• Format: Hardcover
• Language: English
• ISBN: 0932750397
• ISBN13: 9780932750396
• Release Date: January 1997
• Publisher: New Classics Library
• Length: 475 Pages
• Weight: 1.96 lbs.
• Dimensions: 1.3" x 6.5" x 9.5"

Customer Reviews

Economic, cultural and financial market analysis

Excellent book written a few years before the beginning of a mega bear market and an unfolding depression. Prechter's prescience from the middle of a bull market is uncanny. The bear market and economic fall out he called for has been unfolding since early 2000, and continues on. If you're a fan of Elliott Wave principle and its uses and implications, or you want an unflinching look at what's coming, this book is a must read.

Don't Wait for the Noise

There was a movie which showed an approaching tidal wave. There was no noise because the wave was travelling faster than the speed of sound. This is the case of the oncoming financial tidal wave of disaster. One can hear the bullish rantings of a stream of advisors, nudging us into a sleeping wonderment of good things to come. The tidal wave is on its way. Prechter has pointed out the various items unfolding before our eyes. He was early in many of the prognostications, but they are surely falling into place. If you read the book, you will surely see how they are unfolding. Your financial health is at stake. The tech wreck was only the beginning. Read on, there is still time, but the book will be out of date in a couple of years.

A must-have roadmap for the years to come.

Welcome to Dow 10,000. So, what's next? Skies the limit, right? Do you know what it means when everyone you know is in the stock market? Have you ever wondered why only the big name stocks have been soaring like rockets for years, while those of most small and medium size companies have languished? Would it surprise you to know that the 15 year rise in bonds has not been a bull market at all, but a BEAR MARKET RALLY? How far must the price of gold fall before it finally reaches "rock bottom"? And finally, what do you think your home will be worth ten years from now? Read this book and you will have an excellent guide to all these questions. Robert Prechter has seen it all. He entered the financial world in the early 1970's, just in time to witness the last true bear market in U.S. stocks. He forecasted the 1982 breakout of the Dow Jones Industrials four years before it occurred. His prediction was widely considered impossible and out of touch with the realities of late 1970's. And importantly, he then predicted that it would blossom into the full blown mania we are seeing today. As the world's foremost practitioner of the Elliott Wave Principle, Mr. Prechter has the long range view required to see just where we are in the "big picture". And although we've been patiently waiting since this book was written (1995), all the pieces are slowly, but surely, falling into place. I've read nearly fifty books on financial markets, many of them considered classics, and I can honestly say that this is one of only two books you'll ever need to own on the subject. The other is "Elliott Wave Principle", by Frost & Prechter.

Everyone in the world should read this book.

I was spellbound from the moment I turned the first page. I have been watching the markets every day since then. I can't say enough about this book. Everyone should read it. Prechter will one day enter the same halls of fame as Issac Newton, Einstein and Freud.

Hindsight/Foresight

I've been reading this book as the Russian economy crashed, commodity prices hit new lows, and the U.S. dollar reached new highs (Aug/98). Spookily and disturbingly to me, these events are predicted!! in Prechter's book written in 95/96. Maybe he is wrong. But after an evening reading his book (and the 'verifying' financial news in the newspaper, I followed his advice and sold all of my stocks! Maybe Prechter is a crazy doomsayer and some of his theories seem off the wall to me. But maybe he is right like a chiropractor is to back pain. You don't have to believe all of the chiro's hocus-pocus about 'alternative medicine' to know he can fix your back better than any medical doctor. Prechter may have a wierd interpretation of common-sense human nature but he sure seems to be getting things right when he describes the state of the world financial markets.