Thursday, April 30, 2009
Elliot Wave Theorists Claim Pandemics Always Happen In a Bear Market
Elliot Wave International has just written an article entitled "Swine Flu and Elliot Wave Analysis", claiming that pandemics only happen in bear markets.
Their theory seems to be that a downbeat social mood leads to both a bear market and susceptibility to disease.
I will leave it to the technical market analysts and the epidemiologists to decide whether the theory is right or wrong.
Note: At least some people have tried to blame the plague on the 1340 economic depression.
2 comments:
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Actually, the report never says that pandemics only happen in bear markets, but that a fearful populace is more susceptable to epidemics. Complex mechanisms govern human/pathogen relationships. Immunity appears to wax and wane with social mood, something which has existed long before markets were there to poll and record it.
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