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Many people think that the stock market's movements are like those of a moon-bound rocket: Up, up, up and away. And yet we knew rocket did crash.
In the midst of all that hype, Robert Prechter published a book that would warn investors of an awakening bear market - he also forecasted the great bull market's liftoff back in 1979. He warned that the coming crash would bring devastation to the unprepared.
When to Cut Loss
Sadly, we all know people who still held onto their investments even as the markets slid, losing tens of thousands of dollars in stock options, retirement savings and mutual fund investments. Perhaps you're one of them. Maybe you've even bought into the ideology that the markets are recovering and so you're wading back in.
Before you get too deep, you should know that Robert Prechter's warnings are relevant now more than ever. And that means you absolutely cannot wait any longer to read this book.
Getting the Right Advice at the Wrong Time
Of course, as Robert pointed out in a recent interview, investors who are swept up in the dominant psychology of the day often buy books about market analysis at precisely the wrong times. When stocks are topping and it's time to sell, bullish books become bestsellers. When stocks are looking for a bottom and it's time to re-invest your cash, gloom-and-doom books take center stage.
In both cases, investors who read those books and follow the advice get burned. Not because the advice was necessarily bad, no - it's the timing of the advice that was terrible.
See It Before It Comes
We don't want you to get burned. That's why we keep saying that this book is a must-read now - before it's too late. Advice on how to protect your money does you little good after the meltdown has begun. Being proactive about shielding your assets will help you ten times more than being reactive.
