Lately, I have been heavily influenced by A. Gary Shilling. His book, Age of Deleveraging, is an excellent overview of the current economic situation. In the past, I have followed Elliot wave, but have learnt that it or its practitioners have some definite limits. I have come to believe that investors must deal with their own emotions and bias before they can become successful. During the last two years, I have become a long-suffering bear. I work as an English teacher on occasion.