[Article] The Land of Flint and Steel
Social clashes take myriad forms, but one bellwether rift that has an almost perfect record of erupting into open hostility right at the onset of major downturns is in the Mideast.
Social clashes take myriad forms, but one bellwether rift that has an almost perfect record of erupting into open hostility right at the onset of major downturns is in the Mideast.
Can a basket of equities backed by a broad cross-section of commercial fantasy images developed over the course of a bull market reflect the end of that bull market ahead of other major indexes?
The fundamental observation of the new science of socionomics is that social mood, which is patterned according to the Wave Principle, is the generator of social action, be it economic, political or cultural. The key insight of socionomics is that the direction of causality between social mood and social action is precisely the opposite of that which is almost universally presumed; the former dictates the character of the latter, not vice versa.
It is one thing to say that the Wave Principle makes sense in the context of nature and its growth forms. It is another to postulate a hypothesis about its mechanism.
New discoveries in the field of complexity theory, fractal geometry, biology and psychology are rapidly yielding more knowledge bolstering the probability that the Wave Principle is a correct description of financial and social reality. This report provides a cursory overview of some of these advances.
This examination of that history shows the dominant influence of social mood on an American sport. Basketball is a coincident reflection of the rising mood behind the bull market of the last century. The game’s structure, rules and fortunes have developed in a manner that is totally consistent with the ebb and flow of the bull market in stocks.
Sports can provide a background for extreme emotions socially expressed.
R.N. Elliott’s discovery of the Wave Principle fifty years ago was a major breakthrough in sociology. His observations reveal that social psychological dynamics create the same pattern of “waves” in aggregate stock price movement from the smallest to the largest degree of trend.