Horror Movies and Recessions
I was reading Robert Prechter's book called Conquer the Crash and here are some observation that I learned from Robert Prechter who popularized the Elliot Wave Theory. For example, did you know that during a recession or a depression, the top grossing movies are usually horror movies? There's also a lot more horror movies in times of depression, especially at the bottom. Possibly due to Hollywood mirroring the moods of the population. During the great depression of 1929 to late 1930s. The top grossing movie were Frankenstein (1931) and King Kong (1933). During the recession between 1970 to 1980. The top films were The Exorcist (1973), Jaws (1975), Jaws 2 (1978). The bottom of the market during that decade was Sept 23, 1974. When the market started recovering or when the population has had enough of the gloom and doom, the top movies were Saturday Night Fever (1977), Star Wars (1977), Grease (1978), Superman (1978) and Moonraker (1979). During the 1980s boom with Reaga...