Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Quote:Social mood regulates our perceptions of other people and our willingness to cooperate with them. Benchmark stock indexes are our best metrics of social mood. When mood trends positively at large degree, stock prices rise and cooperation, inclusion and free trade grow stronger. When mood trends negatively at large degree, stock prices fall and opposition, exclusion and protectionism grow stronger. The September 1992 issue of The Elliott Wave Theorist described this perennial fluctuation: Quote:Major bear markets are accompanied by a reduction in the size of people’s unit of allegiance, the group that they consider to be like themselves. At the peak, there is a perceived brotherhood of men and nations. … In other words, at a peak, it’s all ‘we’; everyone is a potential friend. At a bottom it’s all ‘they’; everyone is a potential enemy. When times are good, tolerance is greater and boundaries weaker. When times are bad, intolerance for differences grows, and people build walls and fences to shut out those perceived to be different. Quote:A multi-century trend toward positive social mood impelled a widespread vision of the world as an integrated, inclusive, culturally tolerant marketplace. This “everyone is a potential friend” attitude helped produce the greatest level of global interconnectedness and trading activity in history. The phenomenon earned its own name — “globalization.” Globalization may be history’s largest manifestation of positive social mood.
Elliott Wave International’s long-term Elliott wave count suggests that a transition from positive to negative social mood is under way at large-degree. … Negative expressions include closed borders, trade barriers and sanctions, and overt desires for exclusion, isolation, nationalism and populist and authoritarian leaders. Brexit is a recent example. The trend toward negative social mood is darkening the formerly rosy vision of globalization, and groups of all sizes increasingly find fault with the whole idea. Reversal in the 500 Year Trend Toward GlobalizationConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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