The health of financial markets and the economy is a bit different than my usual focus in this blog on physical and emotional health.
Robert Prechter is virtually unique in the world of financial market analysts because he flips the usual paradigm that markets are driven by news and fundamentals, and are instead driven by swings in social mood that are structured as fractal forms that are larger and smaller, and thus also of longer and shorter duration. He bases this on the idea we humans are "herding animals" to an extent we are not consciously aware of, and this would go a long way toward explaining periods of exuberance and pessimism in financial markets.
Bob is an interesting fellow in other respects as well, for one he has been obsessed with figuring out which individual was actually responsible for the literary output of William Shakespeare. If you find that interesting you can read more about it here:
https://oxfordsvoices.com/letter/
and here:
https://oxfordsvoices.com/prologue/
and at the home for Oxford Voices:
And now that we've established Bob Prechter as an intellect to be reckoned with, let's proceed to a recent presentation on financial markets, which, if you're like me, you will find fascinating.
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