Free Report from Robert Prechter: How Should You Prepare for Today's Critical Market Juncture?

GAINESVILLE, Ga., Aug. 15, 2011 /PRNewswire/ -- The credit crisis is not over; in fact, the worst of it lies ahead, according to a free report from Robert Prechter and Elliott Wave International. The report features in-depth analysis and includes an 84-year study of stock values to help you understand today's critical market juncture and prepare for what's next.

The Dow has plummeted 2,000 points in the past three weeks, including last Monday's (Aug. 8) jaw-dropping 634-point loss. While there are countless articles and analysis out there, few include the same valuable, prescient perspective contained in each monthly issue of Robert Prechter's Elliott Wave Theorist.  

Prechter's free report notes that, prior to the selloff, investor psychology had been ever more optimistic as the market was racing upward. Optimism was nearly ubiquitous. You could see it reflected in the blizzard of optimistic chatter about various "bullish" factors that had mesmerized most investors: "the Japanese earthquake is a buying opportunity"; "the market is ignoring bad news"; "the economy is improving rapidly now"; "the credit crisis is over"; "if a government avoids a shutdown, the market will jump"; "falling oil prices are bullish for stocks"; etc.

As the stock market events of the past few weeks have shown, the predictive value of those "bullish factors" has been nil.

Stocks are still historically overvalued. Access your free report from Robert Prechter to learn how to prepare yourself for today's critical market juncture. http://www.elliottwave.com/wave/pr1108

About Elliott Wave International

Elliott Wave International is the largest independent financial analysis firm in the world. EWI's 24 full-time analysts cover every major market (stocks, currencies, bonds, energy, metals, commodities) worldwide, 24 hours a day. The company's subscriber base includes the world's major banks, money managers, hedge funds, insurance companies and pension funds as well as tens of thousands of individual investors. EWI's free online Club EWI community has over 350,000 members and the ElliottWave.com website consistently ranks among the top 50 financial websites according to Alexa rankings. EWI's independence allows the firm to remain dedicated to unbiased market analysis.

SOURCE Elliott Wave International