Welcome to Capital Account. Billionaire hedge fund manager George Soros says the EU is like a bubble and authorities will not be able to meet the demands of the market coming up. It doesn't keep Eurocrats from pushing for new master integration plans. But are they doomed to fail when the mood is this negative? Was the very formation of the EU made possible by a secular bull market and the psychology that accompanies it? We are talking about bull market mania. RobertPrechter, founder of Elliot Wave International, joins us to explain.