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Prechter republished Elliott's books and in 1979 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...

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

In other words, he's wrong a lot. But so are conventional economic forecasters, especially at the market turning points that can have the biggest impact on investors' portfolios. This is because, Prechter argues, standard economic models of financial markets depict prices as reflections - imperfect, perhaps, but still reflections - of...

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

These and other revelations in the exhaustive report, issued by a U.N.-mandated group of Congo experts, erases any doubt that the multiple rebel groups operating in eastern Congo, led by the Democratic Forces for the Liberation of Rwanda (FDLR), have a vast, sophisticated network of political and financial supporters...

Author: /time Magazine | Title: U.N. Report: From Bad to Worse in War-Torn Congo | 11/27/2009 | See Source »

This is not the kind of news the United Nations wants to hear. In fact, the report is an implicit condemnation of the recent strategy adopted by the U.N. peacekeeping mission in Congo, known by its French acronym MONUC. The operation began in 2000 as a way of monitoring the...

Author: /time Magazine | Title: U.N. Report: From Bad to Worse in War-Torn Congo | 11/27/2009 | See Source »

The strikes, by two U.S. fighter jets, killed some 142 Afghans near the northern city of Kunduz and continue to reverberate in Berlin. Called in by Colonel Georg Klein, then ISAF commander of the German-run Provincial Reconstruction Team (PRT) base in Kunduz, the operation was a rare moment of...

Author: /time Magazine | Title: Germany's Doubts About Afghanistan Grow After Revelations About Air Strike | 11/27/2009 | See Source »

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