Elliott Wave

Suppose that all the conventional financial wisdom you\'ve heard was written on a large chalkboard. Robert Prechter\'s Conquer the Crash is like an eraser and box of chalk to sweep off the nonsense, and replace it with knowledge of how markets really work.

Today’s financial environment is radically different than in 2002, just a few bullish years ago. Gone are the days of buy and hold, investing camps for kids and consumers who spend their rising home values on superfluous luxuries. In that atmosphere of feverish hype, Bob Prechter once again turned the tables. Just as he had forecast the great bull market\'s liftoff during the deep bearishness of 1979, in 2002 Bob rushed to publish a book to warn a bullish world that a devastating bear market would ruin the unprepared.

There is no question that Conquer the Crash foresaw and explained every chapter of today\'s financial crisis, years before it happened – including the plunge in stocks, the collapse in home prices, the subprime debacle, liquidity crisis, the Federal Reserve\'s failure to turn the trend, and lots more. The unsettling part is how much of Prechter\'s book includes chapters about what is yet to come.