In the 1930s Ralph Nelson Elliott identified repeating patterns in stock market, which he termed "waves". Robert R. Prechter Jr. linked the psychological basis of waves to humans` unconscious impulse to herd and observed that social mood governs not only finance but also areas as diverse as popular culture, economic production, electoral politics and war. He has proposed a new field called socionomics - the science of history and social prediction.
Wojtek Luciejewski,
Monday, February 7, 2011
Friday, February 4, 2011
Unemployment Falls to 9.0%, Only 36K New Jobs
The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months. (Feb. 4)
Thursday, February 3, 2011
Inflation Threat to Markets
Feb. 3 2011 |Discussing how big a threat inflation poses to the markets, with CNBC's Courtney Reagan; Peter Boockvar, Miller Tabak; Alan Valdes, DME Securities; and Peter Costa, Empire Executions.
Wednesday, February 2, 2011
ADP Report Points to Positive Job News
Payroll processor ADP reported that private companies added 187,000 jobs in January, more than economists expected. (Feb. 2)
Monday, January 31, 2011
Insight From JPMorgan Leaders
Jan. 28 2011 | Discussing why economic optimism is justified, with Jamie Dimon, JPMorgan chairman/CEO and Mary Erdoes, JPMorgan Private Bank.
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