At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)

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Key Phrases: upside rate, urgent selling, complacent buying, Grand Supercycle, Wave Principle, The Elliott Wave Theorist (more...)

Editorial Reviews

Review

"There is an old Arab proverb which says that "When you go shopping for wisdom, visit every tent in the bazaar." When Robert Prechter published his first book in 1978 predicting the super bull market of the 1980's, only a very few people visited his tent. I hope more people visit his tent today, in order to understand the financial, economic and social implications of At the Crest of the Tidal Wave.", Marc Faber, , Faber Ltd, Hong Kong#"Robert Prechter and R.N. Elliot will be remembered as the two greatest social scientists of this century for their understanding of mass psychology, markets and the economy.", Donald Evans, President, FX500 Money Management#"The icy logic and stunning originality with which Prechter predicts the impending death of our Grand Bull Market make At the Crest of the Tidal Wave eminently worthy of attention. But the fact that years ago this author virtually stood alone in prophesying the birth of this very same bull market renders his current vision absolutely indispensable to serious investors.

", Paul Macrae Montgomery , , Legg Mason Wood Walker#"Recently I finished reading for the third time Charles Mackay's classic, Extraordinary Popular Delusions and the Madness of Crowds, first published in 1841. Not much has changed, and here we are at yet another turning point in history... At the Crest of the Tidal Wave probably will join Mackay's famous book as one of the most prescient of the past 175 years.", Charles Allmon, President , Growth Stock Outlook#"At the Crest of the Tidal Wave is a brilliant and important piece of long wave research with potentially devastating investment implications for the future.", Paul Tudor Jones II, President, Tudor Investment Corp#"The scholarly discipline, ultra long-term historical perspective, and topical diversity of Robert Prechter's discerning At the Crest of the Tidal Wave will challenge all serious investors to re-examine today's "buy and hold" mantra.", Henry Van der Eb, Chairman, Mathers Fund# --This text refers to the Paperback edition.

Product Description

At the Crest of the Tidal Wave: A Forecast for the Great Bear Market presents overwhelming evidence for a historic turn a turn that will cause catastrophic loss to the unprepared and great rewards to the prepared. The Year 2000 edition includes over 50 pages of charts updating this volume through December 2000.

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Product Details

• Hardcover: 501 pages
• Publisher: New Classics Library; 2nd updated edition (December 2002)
• Language: English
• ISBN-10: 0932750516
• ISBN-13: 978-0932750518
• Product Dimensions: 9.4 x 6.3 x 1.4 inches
• Shipping Weight: 1.7 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars  See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #66,784 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

53 of 56 people found the following review helpful:

5.0 out of 5 stars A must-have roadmap for the years to come., April 20, 1999

By A Customer

This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)

Welcome to Dow 10,000. So, what's next? Skies the limit, right? Do you know what it means when everyone you know is in the stock market? Have you ever wondered why only the big name stocks have been soaring like rockets for years, while those of most small and medium size companies have languished? Would it surprise you to know that the 15 year rise in bonds has not been a bull market at all, but a BEAR MARKET RALLY? How far must the price of gold fall before it finally reaches "rock bottom"? And finally, what do you think your home will be worth ten years from now? Read this book and you will have an excellent guide to all these questions. Robert Prechter has seen it all. He entered the financial world in the early 1970's, just in time to witness the last true bear market in U.S. stocks. He forecasted the 1982 breakout of the Dow Jones Industrials four years before it occurred. His prediction was widely considered impossible and out of touch with the realities of late 1970's. And importantly, he then predicted that it would blossom into the full blown mania we are seeing today. As the world's foremost practitioner of the Elliott Wave Principle, Mr. Prechter has the long range view required to see just where we are in the "big picture". And although we've been patiently waiting since this book was written (1995), all the pieces are slowly, but surely, falling into place. I've read nearly fifty books on financial markets, many of them considered classics, and I can honestly say that this is one of only two books you'll ever need to own on the subject. The other is "Elliott Wave Principle", by Frost & Prechter.

17 of 18 people found the following review helpful:

4.0 out of 5 stars Must Read, October 28, 2001

By	Thomas G. Montgomery (Midwest USA) - See all my reviews (REAL NAME)

This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)

This book is a must read for financial survival. Prechter has an engaging writing style. His opinions are often outrageous and sometimes too extreme. This value of this book is in that it is so different from the conventional financial press.

Almost alone Prechter predicted the great bull market back in 1979. He then called the top prematurely but at least he did warn this readers that a top was coming. The scope of Prechter's vision is awesome. He has charts with trendlines going back to 1700 with projections for the next century.

Chapter 11 "Manifestations of Investor Psychology" is very powerful.

12 of 13 people found the following review helpful:

5.0 out of 5 stars Don't Wait for the Noise, December 22, 2001

By A Customer

This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)

There was a movie which showed an approaching tidal wave. There was no noise because the wave was travelling faster than the speed of sound. This is the case of the oncoming financial tidal wave of disaster. One can hear the bullish rantings of a stream of advisors, nudging us into a sleeping wonderment of good things to come. The tidal wave is on its way. Prechter has pointed out the various items unfolding before our eyes. He was early in many of the prognostications, but they are surely falling into place. If you read the book, you will surely see how they are unfolding. Your financial health is at stake. The tech wreck was only the beginning. Read on, there is still time, but the book will be out of date in a couple of years.