Comments on: Kevin Depew interviews Robert Prechter http://sovereignspeculator.com/2010/01/01/kevin-depew-interviews-robert-prechter/ Thoughts on the markets and the decline of the west Mon, 20 Dec 2010 17:28:07 +0000 http://wordpress.org/?v=2.6 By: Mike http://sovereignspeculator.com/2010/01/01/kevin-depew-interviews-robert-prechter/#comment-8098 Mike Fri, 01 Jan 2010 20:38:54 +0000 http://sovereignspeculator.com/?p=3248#comment-8098 Yeah, it's just the end of the world *as we know it*. Yeah, it’s just the end of the world *as we know it*.

]]> By: Graphite http://sovereignspeculator.com/2010/01/01/kevin-depew-interviews-robert-prechter/#comment-8097 Graphite Fri, 01 Jan 2010 20:28:17 +0000 http://sovereignspeculator.com/?p=3248#comment-8097 I had always thought Elliott Wave must be some kind of numerological nonsense until Depew (who I had been reading since 2007) posted a summary of socionomics for one of his Minyanville articles and I followed up on the idea. As I have said elsewhere, I believe that the association of significantly lower equities prices (sub-1000 Dow if you must) with "apocalypse" and "the end of the world" is actually a symptom of bubble thinking -- we are so accustomed and dependent upon high asset prices that we literally cannot imagine the sun coming up without them. I had always thought Elliott Wave must be some kind of numerological nonsense until Depew (who I had been reading since 2007) posted a summary of socionomics for one of his Minyanville articles and I followed up on the idea.

As I have said elsewhere, I believe that the association of significantly lower equities prices (sub-1000 Dow if you must) with “apocalypse” and “the end of the world” is actually a symptom of bubble thinking — we are so accustomed and dependent upon high asset prices that we literally cannot imagine the sun coming up without them.

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