Product Description

This is the book that foresaw and explained every chapter of today's financial crisis, years before it happened: the plunge in stocks, collapse in home prices, subprime debacle, liquidity crisis, the Federal Reserve's failure to turn the trend, and lots more. The unsettling part is how much of the scenario outlined by Prechter's book is yet to come. Conquer the Crash is more relevant today than when it was published. You still have time to prepare, but not much. New Updates for 2009: includes Bonus CD -ROM . The CD-ROM offers a supplement that is vital to first-time readers. (Important note from the author: Do you already own this book? If so, you can access the CD-ROM s content at no charge from the book s website; see the final paragraph on page 273 for instructions.) The 2009 CD-ROM contains: 1) The safest large banks in America 2) Each state s two safest banks 3) The largest treasury-only money market funds 4) The safest U.S. insurers. The CD-ROM also updates one of the book's most important sections -- Services That Can Help You Survive and Prosper in a Deflationary Depression -- with current names, phone numbers and addresses. This section includes "Money Managers with Timing and/or Allocation Models," an all-new list of market-seasoned, active portfolio managers who have shown themselves especially knowledgeable and competent. (Of course, such approaches involve more risk than the book's get-safe recommendations.) This supplement is a wealth of crucial protective knowledge, right on the CD-ROM inside of the Conquer the Crash book itself. Sadly, we all know people who are holding onto their investments even as the markets slide, risking further devastation to their retirement savings even as their home values spiral ever lower. Perhaps you're one of them. Perhaps you've even bought into the dogma that the markets are "recovering," and that you should wade in all over again. Before you get too deep, please know this: Many of Bob Prechter's warnings in Conquer the Crash have proved uncannily accurate, but many other forecasts in the book still lie ahead -- this makes it more relevant now than ever. It's not too late to steer a better course for yourself and your family, but that means you absolutely cannot wait any longer to read this book. Conquer the Crash readers also have exclusive access to our Conquer the Crash Readers Webpage, an ongoing guide to navigating the financial pitfalls of this massive bear market. The Readers Webpage is where Robert Prechter updates the contents of Conquer the Crash, so the book s recommended services and institutions sections never lose their value.

Product Details

• Amazon Sales Rank: #395998 in Books
• Published on: 2002-06-21
• Binding: Hardcover
• 320 pages

Review
"Bob's Prechter's new book, Conquer the Crash includes Bonus CD-ROM, provides a wealth of self-help do's and don'ts. It is a must-read book, which I'm personally putting on my gift list for friends and loved ones." --Martin D. Weiss, author of the best-selling Ultimate Safe Money Guide

"This is the most crucial financial period in your life. This book explains why. It also tells you what you should do about it. If you want to preserve your wealth, I urge you to follow Prechter's advice. You will be grateful you did." --Ian Gordon, The Long Wave Analyst

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 love 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

"This is the most crucial financial period in your life. This book explains why. It also tells you what you should do about it. If you want to preserve your wealth, I urge you to follow Prechter's advice. You will be grateful you did." --Ian Gordon, The Long Wave Analyst

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 love 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

"This is the most crucial financial period in your life. This book explains why. It also tells you what you should do about it. If you want to preserve your wealth, I urge you to follow Prechter's advice. You will be grateful you did." --Ian Gordon, The Long Wave Analyst

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 love 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

"This is the most crucial financial period in your life. This book explains why. It also tells you what you should do about it. If you want to preserve your wealth, I urge you to follow Prechter's advice. You will be grateful you did." --Ian Gordon, The Long Wave Analyst

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 love 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.

Customer Reviews

Prechter's Foresight Remarkable
Robert Prechter wrote this book in the first quarter of 2002, yet it reads as if he already knew what would happen to the stock market, economy and politics at present. His uncannily accurate forecasts were based on Elliott wave behavioural theory which holds that herd instinct drives the public's mood in distinct and discernible wave patterns that last and overlap for long, medium and short terms. Once a wave starts it persists its course and is only very temporarily interrupted by real events (e.g. Sept 11th destruction of Twin Towers, Government bailout of banks, etc) before resuming its relentless course. His prognosis is that based on wave theory the bear market that started in 2000 will be worse than the three previous depressions of 1929-32, 1835-42 and 1720-84. Furthermore it's ramifications will last until about 2016.One could dismiss all this as the work of Cassandra except that Prechter was alone in anticipating the 1982-2000 credit fuelled boom period back in the late 1070s and called the 2000 share market bust in 1995. When the bull market resumed in 2003 he accurately foresaw that it was a false rally that would eventually result in a deep bear market which has already wiped out almost half the value of listed corporate stock. His monthly Elliot Wave International Forecast newsletter brings one up to date with his 2002 book. Its recount of where we are in the global financial crisis is frighteningly consistent with his original outlook.
The first half of his book is an analysis of financial markets over the last 300 years and how they follow a cyclical five wave up and three wave down pattern (whose form is always similar, though whose scale and timing vary). At Dec 2008 he saw the stock market and economy as being towards the end of the first of three waves down with a lot further to go whereas most analysts were predicting a strong market recovery in 2009. Time will tell whether his socionomics wave theory proves right again. If it is we are in for the most disruptive financial, economic, social and political era in 300 years. I genuinely hope he is wrong because otherwise we should sell all our long-term assets and go into cash or treasury bills until the storm blows over. Also we should reduce our debt as much as possible because in a deflationary climate where asset values are falling high debt is a trap that destroys net wealth.
P. Allan (Dec 27th 2008)

Good book, weak updates for 2009
Much of what Prechter foretells has or seems to be coming to pass. This is more impressive since the book was published in 2002. The original text is definitely worth a read. Unfortunately, the Bonus CD-Rom updates for 2009 are weak. I guess we're supposed to subscribe to his forecasting service to actually get the trend updates.

reality
Although written in 2002, his book predicts the coming crash with accuracy. It is twobooksin one, pridictions and what to do about it to avoid losses. Feburary 2009 and I ploted the current DJ averages with the beginning projections and they match. The government actions are not stopping the crash, also as he also predicted.

Charles Botts, Age 76