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Prechter, a soft-spoken, thoughtful, engaging 60-year-old, believes that the bull market of the past eight months that pushed the Dow past 10,000 will inevitably give way to a crash that will drag prices well below the level of early March. He believes this because theories of market behavior put to paper by a guy who died in 1948 tell him so. Yet he makes it all sound perfectly plausible...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...went into the forecasting business for himself at what he dubbed the Elliott Wave Institute. In 1981 he moved his operation to Gainesville, Ga., an hour north of Atlanta, and he's been there ever since. His accurate forecasts of a stock-market boom in the 1980s and a crash in the autumn of 1987 made him, for a time, one of the most influential Wall Street gurus. After the market started its 1990s bull run, though, Prechter seemed to lose his touch. In 1995 his book At the Crest of the Tidal Wave predicted the onset of a "great...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...just deadly in Florida. Each month, about 400 pedestrians are fatally cut down by cars across the U.S. - "the equivalent of a jumbo jet crash," Goldberg notes - and 76,000 have been killed that way since 1994, one of the highest pedestrian-death rates in the world. The root cause is simple: the thoughtless sprawl of modern urban and suburban development has created too much high-speed space for cars and trucks, and too little of it for walkers, cyclists and the kind of public transit that reduces dependence on cars. "Dangerous by Design" finds, for example, that less than...

Author: /time Magazine | Title: Florida's Deadly Hit-and-Run Car Culture | 11/29/2009 | See Source »

...Friday, up from 430 orders during the peak minute a year ago. "It was about 20% higher orders per minute than it was last year,' says Dias. However, she speculates it's possible orders will drop off on Saturday and Sunday if shoppers were only seeking time-limited door-crash specials...

Author: /time Magazine | Title: Black Friday Sales Were Encouraging, Retailers Say | 11/27/2009 | See Source »

...rooms, which range in size from tiny 157 sq. ft. (14 sq m) Crash Pads to a sprawling rooftop suite complete with garden, are individually designed. Some offer a diva-pleasing vision of soft pinks and four posters; the boys will opt for rooms where use of strong mauves and browns lends a more masculine feel. In a stylish touch, key cards have been dispensed with and replaced with solid, old-school keys, which give an exclusive hotel-as-home air. (See 10 things to do in London...

Author: /time Magazine | Title: Glam It Up at London's Sanctum Soho | 11/26/2009 | See Source »

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