However, the real driver of all those green up arrows and red down arrows is nothing more or less than investor psychology. Specifically, EWI's analysts have observed that the stock market trend develops in five waves, while the reaction against it develops in three waves.
Offensive Valuations Totally Divorced from Reality -Hussman/Hussman Funds"Over the next several years, investors are likely to face a profound and unpleasant downward adjustment in their assumptions about growth; GDP growth, revenue growth, earnings growth, and growth in their own investments.
I would like you to think about what that would mean for a few moments.
Suddenly there would be no power at home, at work or at school.
I grew up listening to those who prophesied satan's plan for a one-world-government.
Those who studied the Bible tried to tell me that it would come to pass. I thought, who in the world would or could change America as long as America remained undefeated?