Intro

Financial philosopher P.Q. Wall was born July 22, 1931 in Sioux Falls, South Dakota where his father was District Attorney for six years and Circuit Court Judge for eighteen. By the time P.Q. left for college in September 1949 he was already absorbed “in the humorous and ironic aspect of cycles, by which nature rules society in ways deemed impossible by scientific dogma.”

While P.Q. cannot find enough good words to say for thinkers like Aristotle, Berkeley, Confucius, Hegel, Kant, Lao Tse, and Schopenhauer, he feels that Heraclitus, Nietzsche and Spengler had the deepest grasp. Of economic philosophers in this century only Kondratieff, with Schumpeter and some others of the Austrian school, are valid in P.Q.’s eyes. “Since philosophic depth is an art rather than a science, it is ever for the few. Beyond Heraclitus there can be no progress, only difference, just as poetry cannot surpass but at best equal Shakespeare.”

While he co-managed fifty-five million dollars, P.Q. solidified the theories that led to the P. Wall Forecast and the many predictions he is famous for.

Is there a secret to market timing?  P.Q. thinks so.  “Nobody sees the future,” sees P.Q., “but some professional forecasters are better guessers because they are better assessors of probabilities. They practice an art, not a science, hence only a handful do valid work.

“Technical tools are not as reliable as scientific theorems. Their chief value is that when all are used together the reconciliation may open doors and windows into the problems so that one’s right-brained intuition may enter and grasp the essence.”

He died in New Orleans on August 19, 2009 from cancer.  His two best friends, Peter Eliades (www.stockmarketcycles.com) and Robert Prechter (www.elliottwave.com) continue to send their excellent letters to his current subscribers.

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