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What's next for the economy?

Social mood and the markets

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Recorded in 2011

Elliott Wave Theorist Robert Prechter called the Bull market of the 1980s - in the late '70s. It turns out that social moods have a more direct correlation with market activity than just on the consumer confidence index.

He called the Bear market of the 2000s in a book that came out in 2002.

What's he saying now?

The next wave down.

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