music for bears

[ChrisD(RJ)]

Reclusive market guru Robert Prechter of the Elliott Wave Theorist - 
a crackpot of sorts, but an interesting one - theorizes that the 
stock market reflects the broader social mood, and he uses pop music 
to illustrate the point. For example, he argues that 70s punk 
reflected the nihilism of the time, which was also one of the worst 
decades for stocks in U.S. history. When the bull market began in the 
early 1980s, punk receded from view (though there was the early 80s 
hardcore movement, but it was more obscure, and was mostly over by 
1986). Similarly, the grunge phenom was mostly early 90s, another 
gloomy economic time.

-------------
Shortly after the financial collapse in 1998, there was a popular song in
Russia called "You've got AIDS; that means we're gonna die."

Chris Doss
The Russia Journal