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.
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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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