February 9, 2017
In the wake of the 2007-2009 financial crisis, the Dodd-Frank law passed in 2010. It was the most far-reaching change in U.S. financial regulations since the Depression-era law known as Glass-Steagall.
Yet in one of the first acts of his new administration, President Donald Trump signed an executive order “cutting a lot out of Dodd-Frank.”
Robert Prechter’s 2003 “Pioneering Studies in Socionomics” said:
“The character of each new investment law reflected the direction of the stock market prior to its enactment …. the laws that are enacted to protect shareholders and investors are often repealed during times of economic strength and stock market euphoria.”
To learn why social mood matters, read “The Timing and Character of Investment Legislation.”
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