With today’s market action, I don’t have a lot of time, and I’m sure you don’t either, but I want to drop a quick note before things get too crazy this week.
Here’s the deal: This morning, the Dow crashed 1,000 at the open and has since rebounded. China declined 8.5%. Europe and the S&P 500 are down ~3% in early morning trading.
99.9% of investors are panicking right now; Elliott Wave International’s subscribers are not. Why?
Because they were prepared. EWI prepared them for the 2007-2009 crisis, and they’re doing it again. In fact, in the calm of Aug. 18, EWI’s own Bob Prechter wrote a sharp critique of the U.S. stock market in his new Elliott Wave Theorist, in which he said to expect market “pandemonium.” (His commentary was published the following day.)
“as shown in this issue, time and price factors call for an immediate end to this dream state. When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market. As the next few charts show, time and price have run out of room. Together, these time and price events seem finally to have cleared the way for a stunning decline in US stock prices.”
If you’re anything like me, you’re near at least one flashing trading monitor right now, your eyes wide open, and the predominant color you see is RED. I want to tell you today that red doesn’t have to equal losses for your portfolio. You can turn that red into opportunity. Opportunity to safeguard your assets while others panic.
Now, I do not expect to bend your ear while the markets are trading today, but I do want to leave you with a strong and serious appeal. An appeal to ask you to — once today’s closing bell rings or now if you have a few minutes — stop what you’re doing and read Bob Prechter’s free report, “Pandemonium in the Stock Market.”
As usual, Bob does his best work BEFORE the markets make their moves, so be assured that this reported, excerpted from his Theorist published Wednesday, speaks to what we are seeing today.
As I’ve repeated many times, bear markets don’t have to be scary for the people are prepared for them. In fact, they can be downright thrilling — IF you know what you’re doing. EWI’s subscribers know what they’re doing, and I want YOU to experience this level of foresight for yourself.
As Bob warns, and as market action during the 2008-2009 credit crisis proved …
“Bear markets move fast and are intensely emotional; investors and traders who are prepared have greater opportunities on the downside than on the upside.”
You need two things to turn this market crisis into your opportunity:
- You must be AHEAD of the trend …
- And you must be READY for the turns.
Now is your big opportunity …