Review
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"There is an old Arab proverb which says that "When
you go shopping for wisdom, visit every tent in the bazaar." When
Robert Prechter published his first book in 1978 predicting the
super bull market of the 1980's, only a very few people visited
his tent. I hope more people visit his tent today, in order to
understand the financial, economic and social implications of At
the Crest of the Tidal Wave.", Marc Faber, , Faber Ltd, Hong
Kong#"Robert Prechter and R.N. Elliot will be remembered as the
two greatest social scientists of this century for their
understanding of mass psychology, markets and the economy.",
Donald Evans, President, FX500 Money Management#"The icy logic
and stunning originality with which Prechter predicts the
impending death of our Grand Bull Market make At the Crest of the
Tidal Wave eminently worthy of attention. But the fact that years
ago this author virtually stood alone in prophesying the birth of
this very same bull market renders his current vision absolutely
indispensable to serious investors.
", Paul Macrae Montgomery , , Legg Mason Wood Walker#"Recently I
finished reading for the third time Charles Mackay's classic,
Extraordinary Popular Delusions and the Madness of Crowds, first
published in 1841. Not much has changed, and here we are at yet
another turning point in history... At the Crest of the Tidal
Wave probably will join Mackay's famous book as one of the most
prescient of the past 175 years.", Charles Allmon, President ,
Growth Stock Outlook#"At the Crest of the Tidal Wave is a
brilliant and important piece of long wave research with
potentially devastating investment implications for the future.",
Paul Tudor Jones II, President, Tudor Investment Corp#"The
scholarly discipline, ultra long-term historical perspective, and
topical diversity of Robert Prechter's discerning At the Crest of
the Tidal Wave will challenge all serious investors to re-examine
today's "buy and hold" mantra.", Henry Van der Eb, Chairman,
Mathers Fund#
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From the Inside Flap
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This book reads like a thriller. It is a financial
detective story with a touch of market romance. Just like Elliott
Wave Principle, its super-bullish predecessor from 1978, this
updated and abridged paperback version of At the Crest of the
Tidal Wave presents a scenario that appears too dramatic and
specific to be more than unfounded conjecture. However, the
author's forecasting tool is again the only one that has proved
its value in addressing future market probabilities. The result
is social science at its best. If even half of the author's
forecasts come to pass, the world of finance just a few years
hence will be immeasurably different from what it is today. Using
the same precise approach that he employed a month after the 1982
low at Dow 777 to forecast a great bull market that would carry
the Dow Industrial Average to near 4000, Robert Prechter now
calls for a slow motion economic earthquake that will register 11
on the financial Richter scale. The Great Asset Mania of recent
years is in its final euphoric months, he says, and the next
event will be a collapse of historic proportion. If you are
already well versed in the Wave Principle and prepared for the
change that is coming, then ignore this book. If you are not,
then devour it cover to cover. Be prepared for a shift in the
tectonic plates that make up your mind's notions about financial
causality. Above all, get ready for a violent shaking of your
faith in conventional economic wisdom.
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