Robert Prechter - Explanation of why many infamous authoritarian regimes emerged during or after big bear markets. Bob Prechter’s new science of socionomics explains that stock market fluctuations mirror trends in people’s collective mood. In simple terms, when the market is buoyant, it indicates positive social mood; the opposite when a bear market takes over. Once you learn the real cause of conflict and war, you might be surprised how the stock market plays a key role in forecasting major social events.