Here's a little gloom and doom from our friends over at Elliott Wave International.
The size of the wave will surprise most everyone
If you're a passenger aboard a ship in deep water, you can't detect a tsunami; the swells are indistinguishable from regular ocean waves. Wave lengths can be hundreds of miles long, but only when this energy reaches shallow water does the mammoth tsunami wall form — and can wash over anything in its path.
So when forecasters warn "Move to higher ground!" it's not wise to think, "Until I see the tsunami, I won't believe it's coming." Once it's visible, it's probably too late.
It's equally unwise to ignore signs of a financial tsunami.
Investors who wait … before acting will be too late. We have to anticipate developments, and the only way we can do that is to use tools that reveal signs of approaching trend change.
The Elliott Wave Theorist, March 2012
The most famous financial tsunami in modern history occurred in 1929-32. Almost no one saw it coming. For example, the observation below was made shortly before the 1929 Crash.
Stock prices have reached what looks like a permanently high plateau.
Yale Professor Irving Fisher, Oct. 1929
Other prominent people did not see the signs of economic trend change that led to the 1929-32 deflationary crash.
Fast forward to this July 18, 2012, CNBC headline:
Fed's Bernanke: 'We Don't See a Double-Dip Recession'
When reading such comments, one might ask, "Is history repeating itself?"
Elliott Wave International believes only a relative few suspect the magnitude of the approaching economic wave, including the world's financial authorities.
This largely undetected financial tsunami has been silently traveling for at least 80 years. Once ashore, the outcome may rival 1929-32.
A detailed description of that wave and its expected effects is in the bestseller, Conquer the Crash, now in its second edition.
Moreover, the book tells you how to be prepared. For a limited time, you can get part of Conquer the Crash for free. See below for more details.
This free, 42-page report can help you prepare for your financial future. You'll get valuable lessons on what to do with your pension plan, what to do if you run a business, how to handle calling in loans and paying off debt and so much more.
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