The prophetic or precognitive dream might revolve around mundane things. As a matter of fact, Cayce, interpreting one such dream, warned the dreamer to get out of the stock market, and predicted an unprecedented stock market crash in a few months. The forecast was made in April 1929; six months later--Black Friday, October 29, 1929, the market collapsed.

The dreamer, a Wall Street broker, had kept a daily record of his dreams, in accordance with an advisory from Cayce. Each morning, Cayce interpreted the dreams that the man had the night before. The dreamer listened closely, as a rule, because he had made a fortune buying and selling stocks with Cayce.

On March 5, 1929, the Wall Streeter had his first dream reflecting misgivings about the bull market. He jotted his dream down on a night-table pad and phoned it into Cayce.

Dreamed we should sell all our stocks including box stock [one considered very good]. I saw a bull following my wife, who was dressed in red.

The dreamer was apparently sensitizing his own subconscious channels for precognitive dreams by a conscious effort to remember them each morning. On April 6, a month after the first market dream, the broker had another provocative dream. The dream was shorter, but considerably more complex than the first.

Dreamed a young man was blaming me for murder of a man. A gang asked, 'Is there anyone else in the world who knows this?' I answered, 'K. Cornell.' Saw dead man. Gang started to administer poisonous hypodermic which had been used on dead man. I felt needle and expected death.

The dreamer awoke startled. And then fell back into a troubled sleep. By this time his dream apparatus was so linked up to his conscious that he dreamed his own interpretation of the dream.

"This," he wrote, "represented fight going on in Reserve Board--stock stimulation."

There must surely come a break where there will be panic in the money centers, not only of Wall Street's activity, but a closing of the boards in many other centers and a readjustment of the actual specie [currency]--higher and lower quotations to continue for several moons while adjustments are being made--then break."

Cayce's interpretation of the symbolism involved in the first dream would now be generally accepted. The red dress was obviously a danger warning, the bull a bull market, on its way out. Ironically, the wife was on the way out too, divorcing the dreamer shortly thereafter.

In the second dream, Cayce went along with the "gang" identified as the Federal Reserve. The hypodermic needle was construed as a "hypo" for a sinking market. The attack was on the dreamer's financial stability, and spelled his death financially. The apparent reference to the well-known actress Katharine Cornell went unexplained. But certainly Cayce had scored a bull's-eye.

SOURCE: Edgar Cayce, the Sleeping Prophet, by Jess Stearn, 1967, p. 201-2.