Saturday, September 20, 2008

Terror Attack In Pakistan

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I have been busy warning the world about the potential for a 'Grand Supercycle crash' this Autumn.

Now there is news of a huge terrorist bombing of a Marriott hotel frequented by Westerners in Islamabad, Pakistan.

Clearly, in recent days a mass panic started to develop in global financial markets. This week U.S. stocks fell 10% Monday through Wednesday after Lehman Brothers went bankrupt and AIG had to be bailed out. Then the market climbed back the same amount on Thursday and Friday on news of a government bailout of the entire financial system.

What's important is to not get lost in the news details attributed to the swings in mass mood. As Elliott Wave analysis has long established, the underlying wave patterns in collective feelings are deterministic even though we experience history as seemingly probabilistic particular events. Again, this is the wave-particle duality of quantum physics on the human level.

What started this week may have been the leading edge of international anxiety and fear. As any one familiar with my work should realize, I've long maintained that 'mass panic' can take the form of historical shocks like 9/11, Iraq's 1990 invasion of Kuwait, etc. It is therefore conceivable that the terror attack in Pakistan this morning reflects that the developing wave of mass fear is starting to take the form of negative historical events. If so, and this is truly the Grand Supercycle crash, then I'm afraid history is about to get very ugly indeed. But fear not....for God is with us and this world we experience is simply a temporal fiction. The truth is that we are eternal beings.

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