Guiding consumers since 2009

What does the future hold?

By Staff Writer
Predicting the market is a notoriously hard business. There are legions of analysts employed to make predictions that are often little better than stabs in the dark or loaded versions that reflect what the analyst and their backers would like to see happen. In some instances this can actually move the market enough to become a self fulfilling prophecy, but in most cases what is called is just a shot in the dark. So how does the market move?

 

  • The market moves in cycles
  • These cycles can't always be predicted
  • Social mood is a major influence

 

The folks at Elliot Wave International believe that the market is governed more by Socionomics, which postulates "that social mood drives financial, macroeconomic and political behaviour, in contrast to the conventional notion that such events drive social mood". This is an important distinction. It means that what we feel about the economy has a larger effect on it than the 'underlying economic fundamentals' leading the legions of analysts to remain employed even after the financial crisis.

So what can you do? Remain positive, work hard and stick to your budget plan. Don't believe all that you read and look to who is making money out of anything to see what the truth (if any) lies there within. The Elliot Wave guys reckon that the market moves in massive cycles and that they can track where it's going to go. Like all analysts they have their own interests but tend to take a larger view of collective market psychology. The future will hold what it holds, que sera sera.

Recent Articles

Featured Part 3: Debt rehabilitation explained

In the third part of our Debt-ucate series we explore which debt rehabilitation solutions are available, and what they entail.

What impact does compound interest have on your savings and debt?

Interest plays a big role in your savings and debt. It determines how much you’ll receive for keeping your money in the bank and it also determines how much you’re going to pay your creditors. But what power does compound interest have on your finances?

Times are tough, but keep your debt under control

While the whole world is going through a rough patch, you may also be feeling the pinch. With the country in crisis, it may be difficult to keep up with your debt instalments. However, abandoning your debt obligations is not the solution.

Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Deals

Chartered Finance Institute Free Course

Price: Available on request
When: Daily
Where: Online

Takealot Lockdown Specials

Price: Available on site
When: Daily
Where: Online

Woolies Winter Sale

Price: Available on request
When: Daily
Where: Online