Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Author(s): Robert R. Prechter Jr. (Author)
Publisher: Wiley
Publication Date: January 16, 2004
Edition: 1st
Language: English
Print length: 352 pages
ISBN-10: 0470870907
ISBN-13: 9780470870907
Book Description
"The forecasts in Conquer the Crash continue to be uncannily accurate. Look out below as the rest become reality." Jim Puplava, host, financialsense.com ____________
A year after Conquer the Crash published, stock markets around the world fell precipitously. The rebound of the last six months has convinced some that we are leaving the bear market behind and entering a bull market and economic boom. In this expanded and updated Second Edition of the New York Times bestseller, Prechter returns to provide answers as to what lies ahead. He provides updated economic and market analysis, shows you how to take steps to protect, survive, and prosper and asks, contrary to what most market analysts believe, whether the depression is truly at an end? The expanded and updated edition includes a new 50 page supplement plus current Safety Sources. Written by a leading expert on investing in bear markets, this book is a timely and insightful guide for anyone looking to protect and make money in today's financial markets.
Praise for the first edition:
"...I am saying that this is 'must reading' for anyone who has even the slightest interest in the stock market and his or her own investing." Richard Russel, Dow Theory Letters
"Prechter's understanding of technical, contrary and economic analysis is exceptional" Lawrence G. MacMillan, The Option Strategist
"All investors imbued with the idea that stocks should be bought and held forever should read this book." Charlie Minter and Marty Weiner, Comstock Partners, Inc.
"Conquer the Crash provides disciplined investors with a map, compass and survival guide. Don't leave home without it." Henry Van der Eb, The P.Q. Wall Forecast
"A compelling exposition of how both the mechanics and the psychology of the business cycle can be encapsulated in market analysis." Sean Corrigan, Capital-Insight.com
"Prechter knows the facts like few others. Read this forceful argument carefully. It can save you from financial loss." James R. Cook, President, Investment Rarities
"...required reading for anyone who wants to enhance his or her prospects for the years ahead." Timothy Bost, Editor, Financial Cycles
Editorial Reviews
Review
"…A must read especially for the discerning investor…" (Malaysian Business, 16 November 2003)
From the Inside Flap
If you did not read Robert Prechter’s At the Crest of the Tidal Wave (1995), you might have become the victim of any one of a dozen financial debacles. You might have held junk bonds, which have been collapsing ever since. You might have slaved over a demanding job that paid you in stock options that are now worthless. You might have speculated in Internet stocks, which went bust. If you are a vendor, you might have sold equipment to dot-com companies for an I.O.U. that was never paid. If you live in Argentina, you might have kept your money in a local bank and one day awakened broke. If you worked for Enron, you might have watched every nickel of your retirement savings evaporate. If you own a business, you might have let economists convince you that no recession was possible just before the economy contracted and slammed you up against the wall. Maybe for you, it’s too late.
But for most people, this book has been timely. It was first completed at the stock market high of March 2002 and is now being republished at another peak in social optimism, with the stock market rallying, the Dow back near 10,000, economists unanimously bullish, and commentators assuring us that another great bull market has just begun. If you think that all is well and your finances are safe, read this book before it’s too late for you.
From the Back Cover
WILL deflation and depression really happen?
WHAT causes deflation and depression?
CAN the Fed prevent deflation?
WHERE can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth?
HOW should you arrange your finances and your life in order to survive the depression, prosper while it's happening, and take advantage of the unprecedented opportunity coming at the next major bottom?
Not one in ten thousand investors will think to ask these questions, even as their financial institutions may be lurching toward insolvency.
YOU WILL FIND THE ANSWERS IN THIS BOOK
"This book outlines brilliantly and simply the rationale for how and why the bubble developed. Prechter will go down in history as a legend for having predicted the secular bull market and now having provided a lucid description of the economic cataclysm that unfortunately lies ahead. I urge you to read this book and give it to your loved ones. It provides great tactical advice on how to prepare yourself financially. Reading this book could make the difference between agony and comfort over the next 20 years." ?David Tice President, Prudent Bear Funds
About the Author
Robert Prechter is president of Elliott Wave International, which resides at http://www.elliottwave.com. EWI is a forecasting firm servicing institutional and private investors around the world, providing long-term as well as intraday analysis on stock markets, currencies, interest rates, commodities, and social trends. Since 1978, Prechter has published thirteen books on the financial markets, which have been translated into as many as a dozen languages. Every month, he writes thoughtful market commentary in The Elliott Wave Theorist. He is currently developing a new website dedicated to the elucidation of what he terms socionomics, a science of social-trend forecasting. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York City.
Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Author(s): Robert R. Prechter Jr. (Author)
Publisher: New Classics Library
Publication Date: June 21, 2002
Edition: 1st
Language: English
Print length: 320 pages
ISBN-10: 0470849827
ISBN-13: 9780470849828
Book Description
This New York Times and Wall Street Journal business best-seller first presents the economic facts that show why a massive deflation is not just inevitable, it's already under way. The second part of Conquer the Crash is practical - virtually each of the 21 chapter titles explains How To, What To and you Should.
Editorial Reviews
Amazon.com Review
In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to gloom-and-doom investors and to those desperately looking for a safe haven from the uncertainties of today's markets. --Harry C. Edwards
Review
So why bother paying Prechter any mind at all?...he's more right than Wall Street's Establishment usually admits. BusinessWeek, July 22, 2002 --BusinessWeek, July 22, 2002
From the Inside Flap
If you did not read Robert Prechter's At the Crest of the Tidal Wave (1995), you might have become the victim of any one of a dozen financial debacles. You might have held junk bonds, which have been collapsing ever since. You might have invested in commodities, which have fallen to new lows. You might have slaved over a demanding job that paid you in stock options that are now worthless. You might have speculated in Internet stocks, which went bust. If you are a vendor, you might have sold equipment to dot-com companies for I.O.U.s that were never paid. If you live in Argentina, you might have kept your money in a local bank and one day awakened broke. If you worked for Enron, you might have watched every nickel of your retirement savings evaporate. If you own a business, you might have let economists convince you that no recession was possible just before the economy contracted and slammed you up against the wall. Maybe for you, it's too late.
But for most people, this book is timely. It is being published at another peak in social optimism, with the stock market rallying, the Dow back above 10,000, economists unanimously bullish and commentators assuring us that the recession is over. If you think that all is well and your finances are safe, read this book before it's too late for you.
From the Back Cover
"A must-read book." --Martin D. Weiss PhD, author of the best-selling Ultimate Safe Money Guide * Will deflation and depression really happen? * What causes deflation and depression? * Can the Fed prevent deflation?
Where can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth?
How should you arrange your finances and your life in order to survive the depression, prosper while it's happening, and take advantage of the unprecedented opportunity coming at the next major bottom?
Not one in ten thousand investors will think to ask these questions, even as their financial institutions may be lurching toward insolvency.
You will find the answers in this book
"This book outlines brilliantly and simply the rationale for how and why the bubble developed. Prechter will go down in history as a legend for having predicted the secular bull market and now having provided a lucid description of the economic cataclysm that unfortunately lies ahead. I urge you to read this book and give it to your loved ones. It provides great tactical advice on how to prepare yourself financially. Reading this book could make the difference between agony and comfort over the next 20 years." --David Tice, President, Prudent Bear Funds
About the Author
Robert Prechter is President of Elliott Wave International elliottwave.com EWI is a forecasting firm servicing institutional and private investors around the world, providing long-term as well as intraday analysis on stock markets, currencies, interest rates, commodities, and social trends. Since 1978, Prechter has published ten financial books, which have been translated into as many as a dozen languages. Every month, he writes thoughtful market commentary in The Elliott Wave Theorist. He is currently developing a new Web site dedicated to the elucidation of what he terms socionomics, the new science of social prediction. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York City.
Wow! eBook
