American market super cycle-300 yrs & beyond
The current turbulent and volatility witnessed in all the asset classes including equities, bonds, oil gold, industrial metals, real estate etc and the synchronized global bear market which we are currently observing is leaving many investors totally agashed.
December 23, 2011 / 20:22 IST
By Mehrab Irani, General Manager - Investments, Tata Investment Corporation Limited. (intelligentmoney.blogspot.com)
The current turbulent and volatility witnessed in all the asset classes including equities, bonds, oil gold, industrial metals, real estate etc and the synchronized global bear market which we are currently observing is leaving many investors totally agashed. There has been lots of panic and every investor, analyst, fund manager are debating whether this is a bull market correction or a bear market and if the answer is the latter, than whether a structural or a cyclical one. The developed markets are currently under lot of turmoil due to the debt default problems in the Europe and danger of the euro breakout while the US has its own problems of high debt, slowing growth and elevated unemployment levels. The problems of the developed world are well documented and there may not be any need to discuss them in detail over here. And as far as solutions for the same is concerned, then as of now their Governments and other regulatory authorities have not found it. Some market experts like Mr. Robert Prechter of Elliot Wave International is predicting the US Dow Jones Industrial Average (DJIA) would go to around 400 levels i.e. a crash of almost 97% from the current 12000 levels. While on the other hand Mr. Glen Neely who follows the Neo Wave believes that the US DJIA will touch 100000 (yes, there are 5 zeros after 1) not earlier by the year 2020 but latest by 2060. Such, is the difference in opinion between two renowned individuals following Elliott wave.I am neither nor claim to be an expert like them. However, I do my own wave and market cycle analysis. I am making an attempt to predict the next 60-year large movement in US equities based on my study of human behavior, mass psychology, behavior finance, socioeconomics and the
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