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London Economics Debating Society Message Board ›

A former member
Post #: 4
Been following this for a while, seems like one of the most interesting information sources regrading economics these days.
London, GB
Post #: 293
When I looked, I felt the site seemed more like a sales letter than an "information source", so I checked the reviews of the associated book on Amazon, where the only review states:
Not content with being consistently wrong with his stock market analysis. Prechter now tries to convince us that all current and historical events such as famine, war, social unrest, pop music - indeed everything, all stem from moves in the stock market. He conveniently picks isolated events and then tries to justify a link to the market. Self-aggrandizing on a huge scale.

Looking deeper into the matter, it seems that Mr Prechter is an Elliot Wave practitioner, who missed calling the market bottom in 2002, and previously had claimed that the year 2000 DOW high of 12,000 would never be surpassed. So, failing as a stock market pundit, it seems that he's trying to reinvent himself as some sort of social trend expert.
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