Synopsis
No book forecast the financial turmoil in 2002-03 and 2007-08 as early and in as much detail as the first and second editions of Bob Prechter's Conquer the Crash. It became a New York Times bestseller. More than 100,000 people read it in time to protect their wealth. Conquer the Crash foresaw and explained the debt crisis, collapse in home prices, the two-bear-market-in-one-decade stock declines, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. Conquer the Crash 3rd edition is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions Prechter published. There is much more to come, which is why it remains your best resource for practical "How To," "What To" and "Should You" advice to help you survive and prosper in this long-term bear market. If you own an earlier edition, you already know it was a financial lifesaver in 2002 and 2007. Yet as 2014-2015 unfold, the third edition will prove itself the most imperative of all. No investment volume can match the fearless candor of Prechter's analysis regarding the months and years ahead. You can (and should) get your hands on Conquer the Crash immediately. As Bob explains in the book, bear markets are much shorter affairs than bull markets. They bring the kind of destruction that can ruin anyone who ignores the warning signs. It can take decades – not years – to recoup losses. It's more important than ever to take action now.
About the Author
Robert R. Prechter is known for developing a theory of social causality called socionomics and for his career applying and enhancing the Wave Principle, R.N. Elliott's fractal model of financial pricing. Prechter has made presentations on socionomic theory at the London School of Economics, the University of Oxford, the University of Cambridge, MIT, Trinity College Dublin, Georgia Tech, SUNY and various academic and financial conferences. In 2005, Prechter created the Socionomics Institute, which is dedicated to research and the application of socionomics, and the Socionomics Foundation, which supports academic research in the field. Prechter and colleagues have written several academic papers, including "The Financial/Economic Dichotomy" (2007) and "Social Mood and Presidential Elections" (2012), which became the third most downloaded paper on the Social Science Research Network that year. Prechter graduated from Yale University in 1971, joined the Market Analysis Department of Merrill Lynch in New York in 1975 and founded Elliott Wave International in 1979, where he has published monthly market analysis in The Elliott Wave Theorist. He is a member of the Triple Nine Society and the Shakespeare Oxford Society. Prechter has authored, edited or contributed to 18 books. His latest work, "The Socionomic Theory of Finance," aims to replace conventional financial and macroeconomic theory with an internally and externally consistent paradigm based on socionomics. For more, visit www.robertprechter.com.
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