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Read the report that started it all! In the mid-1980s,
Robert R. Prechter, Jr., already famous for having forecast, in the
late 1970s, the great stock market advance of the 1980s, began to apply
his knowledge of Elliott Wave Theory to non-financial trends. His seminal
1985 essay, Popular
Culture and the Stock Market, described correlations between the
stock market and cultural trends such as those in movies, music, fashion,
art, literature, and politics. People magazine, in its May 11,
1987 issue (see graphic at right), devoted an article to his observations
(and stardom). Today, as Executive Director of the Socionomics Institute,
Prechter continues to discover and inspire new socionomic ideas that
are helping to integrate the social sciences. To read Popular
Culture and the Stock Market,
click here.
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This 3-minute montage follows music trends from the Beatles to Jimi Hendrix to Britney Spears, revealing a startling connection between pop culture and finance. As market analyst Robert Prechter observes, "You can almost hear the Dow going up and down over the airwaves."
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The Enron
and Martha Stewart scandals made headlines at about the same time. It
wasn't just coincidence. This 4-minute clip about socionomics from History's
Hidden Engine explains why some scandals make news when they do,
while others go unnoticed. Includes interviews with Robert Prechter,
Jordan Kotick and John Nofsinger, Ph.D.
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