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MARKET
MY THS
EXPOSED
EWI eBook
Market Myths Exposed
Introduction
One hallmark of Elliott Wave International’s analysis is that we debunk market myths to help
our readers protect their finances. For instance, how often have you heard that “earnings drive
stock prices,” or that “news drives the markets,” or that “the FDIC can protect depositors”?
All these market myths have been busted in the pages of The Elliott Wave Theorist, The Elliott
Wave Financial Forecast and in books by Robert Prechter, including Conquer the Crash: You
Can Survive and Prosper in a Deflationary Depression.
This information is valuable for investors. That’s why we searched more than a decade of
writings by Prechter and our senior analysts to find their best myth-busting analysis, and then
collected them in this Market Myths Exposed eBook. So, if you have ever wondered if you
“have to diversify” to reduce your risk or whether you can “anticipate investment trends” by
reading news stories, then you will be pleased to discover exactly why these widely believed
notions simply aren’t true.
It’s almost as if we’ve put together a special edition of the TV show, “Breaking the Magician’s
Code: Magic’s Biggest Secrets Finally Revealed.” Except that we provide a more important
service — to help you see through the misleading advice that passes as common wisdom in
the world of investing. Learning the secrets of magicians’ slight-of-hand is interesting but not
life-altering. On the other hand, for those who are unaware of how the markets really work,
market myths can inflict huge damage on their financial portfolio.
We hope that you get a new view of the markets by reading this eBook, and that it helps you
to make the most of your investing.
Editor’s note: If you would like to get a monthly edition of forecasting and market myth-busting,
take a look at our two financial forecasting services, The Elliott Wave Theorist by Robert Pre-
chter and The Elliott Wave Financial Forecast
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