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The Hippocratic Oath for Investors

Hippocratic Oath

The Hippocratic Oath for Investors: First, Protect Your Money


It's common for Bob Prechter to say something profound. It's less common to be able to perfectly summon his words when you need them in a conversation. That's why it helps to take notes; they're certain to come in handy one day.

Today was such a day for me.

As I read the just-released June 2010 Elliott Wave Financial Forecast, I realized that a sticky note I've had on my computer for more than two years finally earned its keep.

Scribbled on the blue square of paper is a quote from Bob about the perils of market forecasting.

"Missing a market move may be a shame, but getting caught on the wrong side of one means you lose money. People who have gone through the experience know there's a big difference."

The quote gives you some insight into how Bob and other EWI analysts approach market forecasting. Their instinct is akin to a doctor's Hippocratic Oath: First, do no harm.

In other words, keeping your money safe is priority number one. Making your money work for you comes second.

The first step to keeping your money safe is safeguarding it from danger. Don't be unprepared for the market's next big move. Learn more here.

The just-published June 2010 Elliott Wave Financial Forecast exposes the most dangerous assumptions mainstream analysts and investors are facing today.

Click here to learn more and to get the June Financial Forecast Free on your screen in mere moments.

This chart, plucked from the brand-new June Financial Forecast, drives the point home.

NYSE Leaders

And here's what Bob's colleague, Steve Hochberg, co-editor of the Financial Forecast, wrote about the chart:

"Bear markets always unfold more quickly than bull markets, which is why we were so intent on preparing subscribers ahead of time for the decline. This chart of the NYSE World Leaders Index shows how fast events can unfold. The index comprises the top 100 NYSE-listed U.S. companies and the top 100 non-U.S. companies measured by market capitalization. It took just six weeks for this global composite to lose the market gains generated over the previous 11 months, since June 2009. The Dow Jones Utilities Average has similarly erased all of its advance since May 2009."

When Prechter ended his epic 19-month short recommendation (July 2007 - February 2009), he told subscribers, "The market is compressed, and when it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late." [emphasis added]

You can be assured that Bob had the safety of your money in mind when he and his colleagues issued the flipside of his February bottom call with an August 2009 special section titled "Bullish No More."

The unfortunate truth is, some of you are reading these quotes for the first time – after the fact – so they're of little use to you now. Yet there are still opportunities in today's market – opportunities to get your money safe as well as opportunities to make your money work for you. The key is to anticipate those opportunities when very few others do. EWI's forecasting and analysis publications can help.

Read the complete commentary that goes with the above chart in the just-published June 2010 Elliott Wave Financial Forecast. Dozens more insights like the one above are packed into the 10-page issue. Click here to learn more and to get the June Financial Forecast on your screen in mere moments.

Click here to learn more and to get the June Financial Forecast Free on your screen in mere moments.