It helps to have a sense of history when studying the behavior of human beings, the economy, and financial markets ? particularly since human behavior is what makes markets trend in one direction or another. In last month's Elliott Wave Theorist, Bob Prechter wrote about how current events in our time resemble a time 37 years ago when a war was on and riots were raging, yet the economy and the markets were expanding. Here is his discussion of what kind of market ignores bad news.