It’s one of the first rules in the book of mainstream economic wisdom: a
country’s economy is the thermometer which “reads” its stock market’s
temperature. If financial conditions are heating up, stocks rise; if they are
cooling down, stocks fall. Were it so simple — millionaires wouldn’t make up a
measly .15% of the global population.

Robert Prechter, Chartered Market Technician, is the world’s foremost expert
on and proponent of the deflationary scenario. Prechter is the founder and CEO
of Elliott Wave International, author of Wall Street best-sellers Conquer the
Crash and Elliott
Wave Principle
and editor of The
Elliott Wave Theorist
monthly market letter since 1979.

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