Exciting News: Our friends over at Elliott Wave International are offering Robert Prechter’s latest monthly market letter, The Elliott Wave Theorist, for free along with the firm’s most popular U.S. analysis and forecasting publications. You can now download, print and read dozens of chart-filled pages of current analysis for U.S. stocks, the economy, precious metals, bonds, U.S. dollar and more — and it’s all free for one week only. This opportunity ends Nov. 11. Learn more about FreeWeek, and get your free reports here.

Eight months ago, the stock market began a very large rally — the gains exceeded 60% in the S&P 500. Everyone knows this. But here’s a fact that has gone virtually unreported: The vast majority of those gains (about 90%) were from March through August. By comparison, September and …

By Robert Folsom

Editor’s Note: The following article discusses Robert Prechter’s view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter’s Elliott Wave Theorist.

When a maverick idea becomes vindicated, there’s a good story to tell. It usually involves a person (or small group of people) who courageously challenge the orthodoxy of the day — and, over time, the unorthodox yet better idea prevails.

A “good story” of this sort has surfaced during the current financial crisis. A chapter of the story appeared in a recent New York Times article, “Poking Holes in a Theory on Markets.” The theory in question is the efficient market hypothesis (EMH), which the article suggested is so hazardous that it “is more or less responsible for the financial crisis.” This quote tells you most of what you need to know:
“In the last decade, the efficient market hypothesis, which had …

Our friends over at Elliott Wave International (EWI) are offering Bob Prechter’s recent 10-page market letter, free. It challenges current recovery hype with hard facts, independent analysis, and insightful charts. You’ll find out why the worst is NOT over and what you can do to safeguard your financial future. Learn more.
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Dear reader,

Why are the truly big economic catastrophes so “big”? Put simply, it’s that such a small number of people prepare themselves beforehand. Think about 2008 and you’ll realize it’s true. What’s more, once you read Bob Prechter’s recent 10-page Elliott Wave Theorist, you’ll see that even fewer people will be ready for the soon-approaching worst leg down of the unfolding depression.

In this issue, Bob gives a warning he’s never had to include in 30 years of publishing – namely, that …

Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors to some of their most popular paid services to non-subscribers for one week only.  Having an independent forecasting and opportunity-spotting service on your side is more important now than ever. FreeWeek lets you see for yourself, giving you top-level access and FREE forecasts for up to 18 different commodity markets on daily and monthly timeframes.

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About the Publisher, Elliott Wave International

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest …

In February 1995, the U.S. economy was in great shape. The 1990-92 recession had been over for a couple of years, the Federal Reserve was beginning to ease interest rates, the Clinton administration was beginning to make progress on sorting out the United States’ modest long-term budget problem and there was this new thing called the Internet that looked as though it might bring some exciting new possibilities.

In February 1995, the U.S. economy was in great shape. The 1990-92 recession had been over for a couple of years, the Federal Reserve was beginning to ease interest rates, the Clinton administration was beginning to make progress on sorting out the United States’ modest long-term budget problem and there was this new thing called the Internet that looked as though it might bring some exciting new possibilities.

The stock market, too, was strong, with the Dow Jones Industrial Average

...

Dear Investor,

The old adage says, “you are what you eat,” and today we’re offering you a heaping portion of brain food.

At long last, the mainstream media is beginning to question buy-and-hold investing – it’s a myth that EWI’s original Independent Investor eBook debunked years ago. Even the “Efficient Market Hypothesis” has come under fire from the Oracle of Omaha himself – the Independent Investor long ago exposed EMH for the fantasy it is.
Now that the mainstream has finally caught up to these myths, the Independent Investor eBook can once again put you ahead of the herd; you can understand truths today that the mainstream will catch up to someday in the future.

You’ll get the most groundbreaking and eye-opening reports ever published in Elliott Wave International’s 30-year history, PLUS 6 brand-new chapters (43 new pages) of specific analysis, forecasts and commentary …

Greetings Investor,

There are only 48 hours left to get more than 100 pages of free analysis and forecasts on every major world market from Elliott Wave International.
EWI is giving away one month of its most popular global analysis publication, a 120-page “little black book” of investment insights called Global Market Perspective, which includes EWI’s three regional publications:

The U.S. Elliott Wave Financial Forecast ($19/month value)
The European Elliott Wave Financial Forecast ($29/month value)
The Asian-Pacific Elliott Wave Financial Forecast ($31/month value)

PLUS, the 120-page book includes analysis culled straight from EWI’s professional-grade Specialty Services, each of which is valued at $199/month. This means you also get analysis and forecasts for the following global markets:

World stock markets (China, Japan, Korea, U.S, France, Britain and more)
Global …

Greetings Investor,

Great news! Due to thousands of downloads and tremendous demand, Elliott Wave International has agreed to extend free access to their global forecasts until May 8. If you missed out on …

By Nico Issac

In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.

It goes without saying that the greatest opportunities in precious metals were not had by those who played the “disaster hedge” card; but rather by those who timed the trends as they developed, regardless of the fundamental backdrop.

Bob Prechter is in the latter group. Amidst the buzz and whirl of the most bullish backdrop in precious metals’ recent history, gold and silver prices soared to new, all-time highs and calls for a “New Gold Rush” and “$30 Silver” flooded the mainstream airwaves. Yet Bob alerted subscribers to an approaching top in the March 14, 2008 Elliott Wave Theorist.

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Assigned reading so that you don’t get bored this weekend:

What the Fed? Geithner demands oversight Geithner deals Wall Street a can’t-lose hand Banks gear up to game the government Banks price toxic assets ridiculously high Where’s the plan, Wall Street? Mark-to-market is everything and why the rules must die You can’t have a price-earnings ratio without earnings Could you profit from the toxic assets plan? Q&A with Paul O’Neill The People’s Republic of America Get ready for Washington’s budget brawl Budget battle rife with contradictions Angry about the AIG bonuses? Here’s what should really disturb you A way out of government debt Is the economy starting to recover or just less bad? Good news can’t offset bad The earnings picture remains pretty dark out there New home sales ...