| The Ultimate Book On Stock Market Timing Vol.II |
| Written by Raymond Merriman | |
|
Page 4 of 11 I just finished Volume II of The Ultimate Book on Stock Market Timing: Geocosmic Correlations to Investment Cycles, by Raymond A. Merriman. It is everything I was expecting and looking for, and is a landmark in research. The reason I call this a landmark is as follows. For all of the pseudo-scientific theories and proofs of the major schools of economics and business, e.g., the Chicago School, the underlying philosophies are those of Adam Smith and Herbert Spencer. These philosophies are the "invisible hand" of the market and the social darwinistic notion of the "survival of the fittest" in the economic jungle. Today, these are folded together and expressed neutrally as "market efficiency." This theory of market efficiency states that market prices reflect all known information in an ultimately rational way. The Efficient Markets theory is mechanistic and portrays economic activity as a huge computing machine that is constantly processing information and spitting out rational prices, even if the activity does not appear rational to we limited mortals. Ray Merriman's research points to a perhaps different and more organic dynamic underlying the markets. In fact, we probably should speak of organic markets instead of efficient markets. This book demonstrates that just as organisms have their biological rhythms, the markets have their cycles...and that these cycles correlate with the greater rhythms of the solar system which supports organic life in this neck of the woods. Ultimately, explanations such as "survival of the fittest" and "efficient markets" are tautological. Everything is after the fact and these philosophies have little predictive power on their own. -Lukman Clark, Signal Hill, CA |
