January 11, 2019
Volatile swings in stocks have people pointing fingers. Is it the Fed, partisan politics – or, simply irrational fears, as many pundits say?
The irony is, markets are labeled “too emotional” only when stocks fall. A rally is almost always “rational.” Clearly, this point of view is internally inconsistent. Socionomic theory is consistent in saying that the market is always non-rational. Robert Prechter’s Socionomic Theory of Finance is not another book updating the age-old observation that investors are emotional; it is a book about the origin of those emotions – and their predictable patterns.
Read this book (and more) with a Socionomics Membership subscription
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The April 2023 issue looks at negative social mood’s influence on the tumultuous history of the Mexican Revolution. Mood Riffs topics include President Joe Biden’s reelection prospects, challenges facing corporate giants, the new workplace trend known as Bare-Minimum Monday, and British Columbia’s effort to relax laws governing hard drugs. Read the April issue when you become a Socionomics Premier Member. 
