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Weekend Reading: Popular Culture and the Stock Market

!! Digg It !!

I just finished writing an article on Bob Prechter's classic 1985 essay "Popular Culture and the Stock Market," which I first read as a business school student in the early 90's. It had a profound impact on my view of the world and now Elliott Wave International has given me the opportunity to share this essay with all of my readers for free.

My article is here at my other site, Bull! Not bull. It was also carried on Financial Sense, Safe Haven, Gold Seek and linked to from a bunch of other sites, including Rense.com, and I've gotten a lot of interesting feedback on it. It is based on Prechter's seminal 1985 essay which you can download directly, here:

http://www.elliottwave.co...

Please download it and read it. You will see its relevance as future events unfold, and I'll be discussing it more in further articles.

Thank you for your continued support, and have a great weekend!

Michael Nystrom

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Future events

You sound happy about the new cultural wave that will set in as future events unfold. I am curious to know your predictions of what society will be like, because I see things getting worse.

Nice Article

Perhaps more articles like this will help increase public awareness of this important aspect of our human natures. Watching the wave patterns unfold and then observing the accompanying myriad manifestations of social mood is something to behold. Far better to be an informed spectator than an unwitting participant.

Don't agree exactly ...

I've noticed, especially at the beginning of any inflationary cycle, that, once money is flowing, people begin believing that they are "smart" and doing "well." The next thing you know, they start doing risky things ... spending too much, investing in untested ideas, living high off the hog and lowering their already loose moral standards even further (here's pop culture's big chance).

Apparently, a little taste of success (no matter how contrived and phony) brings out the pride in us. And pride goeth before the fall. In our defense, we have never had the pleasure of living in a stable economic system where inflation didn't entice most of us to abandon the straight and narrow for Stupidity Boulevard. I think they do it to every succeeding generation ... cause the boulevard travellers keep getting dumber.

However, it all starts with the stinking bankers whose intent it is to corrupt the society and bring us to communism. I think we're finally there!

18 diggs?

patriots you can do better than this.

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

With all due respect - Elliot waves are a crock

It's the Frac (Fed) with its Easy Money that gets the party rolling. The lights get brighter, the music louder (the skirts shorter or even off altogether). Its a simple as that.

Michael Nystrom's picture

That is taken into account.

That is taken into account. The Fed is not outside the system, but part of the system as well.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

Just downloaded

Freedom is not FREE!!

Thank you Michael. I look forward to reading and learning.

Freedom is not FREE!!

Michael I just created a digg for it

here
http://digg.com/business_finance/Flashback_Popular_Culture_a...

great article!
p.s. glad BullNotBull is not banned by digg*)

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Michael Nystrom's picture

Legalize - thank you so

Legalize - thank you so much!

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

happy to help

*)

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

re N.Y. bi-election

I'm sorry this is off topic...but I was wondering where Ron Paul stands with the bi-election in New York. Does he support the republican, Tedisco?

bump

good question

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15