Magnus Itland (itlandm) wrote,
Magnus Itland

  • Mood:

This doesn't look good for the doves..

Examples of the optimistic and ebullient social mood pervading the US currently include "essentially worldwide peace," he said. "Wars tend to follow bear markets as they are a result of a negative, fearful and angry social mood."

He cited the Revolutionary War, the Civil War and World War II as examples of wars that followed bear markets.

"The fact that you can look around the world and see very little fighting and people getting along quite well is a reflection of the fact that the social mood trend is up and has been for a long time," he said.

Robert Prechter, in an interview around the turn of the century.
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