Bob joins Vince to discuss his new book. Bob explains how this is a watershed moment in the history of the market. You have to adjust your investments accordingly. Listen for the rest of this important information about deflation and it's impact. Bob speculates that a time machine would be required to stop the deflation of an asset bubble. Fundamental measures show the market to be overvalued historically. Drop in commodities in first half of 2010. (mp3)
Vince and Bob share how the Elliot Wave Theory is open to interpretation. Bob maintains that history is critical to understanding technical analysis. However, each market is unique. Equity markets reflects social moods because they have a large number of participants. Commodities do not follow waves very well. Indicators that Bob looks at are sentiment and momentum numbers. (mp3)
The new winning number is 367434.