Part 10 - Riders on the Storm - The Mania: From Wall Street to Main Street

August 16, 2001 © Copyright 2000 James J. Puplava

By special permission, we are able to present the following chart from Robert Prechter's Elliot Wave Theorist, July 2001 newsletter. This chart dramatically identifies the mania we've seen in the NASDAQ for the last six years. Because the text may be hard to read, I have listed the headlines below the chart. Be sure to visit our Elliot Wave Resource Page for additional insight from this group.

The Mania: From Wall Street to Main Street

1. "Wall Street Elite Woo Small Guy" - Wall Street Journal
2. "Wall Street Wants The Little Guy and Will Merge to Get Her" - Wall Street Journal
3. "Walls Fall Down: Bankers Trust Agrees to Buy Alex Brown -- Sale Reflects Cracks in Glass-Steagal" - Wall Street Journal
4. "Citigroup-Travelers Deal Opens Door to Future"
5. "On-Line Trading Grows" - USA Today
6. "NYSE to Sell Stock" - Atlanta Journal
7. "Book of Broker Records Gets A Major Updating After Gung Ho '99" - Wall Street Journal
8. "MTV Gar A Show Joins a Wall Street Fever" - Wall Street Journal
9. "Party On: Despite Stock Slowup, Wall Street Binges on Pay and Perks" - Wall Street Journal

The Mania: ...To Out the Street

1. "Tearing Up The Street" - Business Week
2. "Wall Street Curb Back Perks" - USA Today
3. "House Panel Warns It Could Take Action" - Boston Globe
4. "Merrill Settles" - L.A. Times