Suddenly, global warming stories are pouring down. Here’s a sample from just the last few hours:
There Is No Refuting Global Warming
Sioux City Journal
Slave Trade and Global Warming to Overshadow the Three R's
This is London
Fight against Global Warming Must Start Now
Belleville News-Democrat
Global Warming Is Here to Stay
The Alligator
Scientists Predict Droughts
UC San Diego
Global Warming : Baby Boomers Blamed
Seniorscopie.com, France
Capitalism Creates Global Warming
Anarkismo.net
Environment Confab Blames Global Warming on Economic Boom
Angola Press
Global Warming to Hit Poor Worst, Says UN's Ban
CSRwire.com
This is a handful of the headlines Google news lists for the last 24 hours. The chart of “global warming” references in four major daily newspapers captures the extent to which worries about man-made environmental damage has exploded in recent weeks. Notice the initial spike also. The first concerns really emerged in 1986 and 1987 and then jumped higher in 1988-1990, which comprised the main part of a fourth wave of Primary degree. This is an important window into the current bear market as The Elliott Wave Theorist explained in 2001:
Negative themes in “wave four” within the “fives waves up” presage those that will dominate, more dramatically and on a much bigger scale, in the ensuing “three waves down.”
The chart and headlines above are a dramatic picture of that dominance emerging at the start of the second wave down in a bear market. When one headline over an Associated Press story concluded, “Global Warming to Continue for Centuries” one inside wag asked, “How can you NOT take the other side of that trade?” He has a point, but as we said here September 22, 2006, the reality of global warming is not the issue here. The socionomically significant aspect is the mass acceptance of the phenomenon and belief that “something has to be done.” As we also explained on September 22, the environmental awareness is a larger scale version of the ecology movement that appeared as the Cycle IV bear market in social mood was grabbing hold.
The quote at the top of the page explains why it’s appearing now. But EWT has also noted, the process is a two-step sequence in which a “positive minded save-the-world social concern” at the final highs gives way to “rebellious, angry social concern” as stock prices start to fall. Some of the cracks are already starting to show in the headlines above. Many are ominously phrased, like the "Erases Lingering Doubts" line over the editorial at left. Another group of stories talks about the introduction of new environmental enforcement institutions and methods. As a bottom approaches, these efforts will take the form of new laws and regulations that intensify the argument and multiplies the social unrest so that the effects of human responses to plantary change are worse than the warming trend itself. |
