Panic, Prosperity, and Progress

Five Centuries of History and the Markets

AutorIn: Timothy Knight

Verlag: John Wiley & Sons

Erscheinungsjahr: 2014

Auflage: 1. Auflage

Zusatzinformationen: 480 Seiten

Sprache: English

ISBN: 978-1-118-74617-2

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Hauptbeschreibung
A detailed guide to financial market performance during
financial crises

With the financial markets seemingly careening from one crisis
to another, it's vital for today's investors and traders to
have an historical perspective on market performance during times
of great turmoil. In this book, Tim Knight provides an exhaustive
analysis of financial market behavior prior, during, and following
tumultuous events since 1600.

Making copious use of charts and basic technical analysis,
Knight demonstrates how external shocks tend to create extreme
reactions in the financial markets and how these predictable
reactions provide opportunities for investors and traders to
profit. Knight traverses five centuries of financial market
history, from Tulipmania in the 1600s to the contemporary sovereign
debt crisis. He looks at each event from the prism of the financial
markets, examining the market climate prior to the event, during
the event, and following the event.

* Draws essential lessons from history providing investors and
traders with guidelines to better navigate markets in today's
tumultuous times

* Offers valuable insights on understanding and anticipating
market responses to shocks and crises

* Companion website with a Q&A section contains charts from
key moments in past financial crises and asks readers to choose
whether to go long, short, or step aside

If you're looking for a better way to make it today's dynamic
markets, look no further than this timely book.

Preface ix

Chapter 1 Tulip Madness 1

Chapter 2 The Mississippi Scheme 9

Chapter 3 The South Sea Bubble 29

Chapter 4 American Revolution in the Colonies 37

Chapter 5 The Panic of 1837 49

Chapter 6 California Gold 63

Chapter 7 The American Civil War 75

Chapter 8 The Panic of 1893 97

Chapter 9 The Rich Man's Panic of 1907 113

Chapter 10 Billion-Dollar Bread--The Weimar Hyperinflation 131

Chapter 11 The Roaring Twenties 145

Chapter 12 The Great Depression 157

Chapter 13 Postwar Prosperity 189

Chapter 14 Energy, Politics, and War 199

Chapter 15 Precious Metals and the Destruction of a Billionaire 219

Chapter 16 Latin American Debt Crisis 245

Chapter 17 The Reagan Revolution and Crash 255

Chapter 18 The Rising and Setting Sun of Japan 269

Chapter 19 The Savings and Loan Debacle 295

Chapter 20 Fall of the Soviet Union 309

Chapter 21 The Asian Contagion 321

Chapter 22 Russian Crisis of 1998 339

Chapter 23 Captured by the Net 353

Chapter 24 The Great Recession 415

Chapter 25 History in the Making 443

About the Author 449

Index 451

Timothy Knight is a money manager and founder of www.SlopeofHope.com, a popular trading blog started in 2005 that is one of the most active forums for discussion among traders on the Internet. Previously, he was founder of Prophet Financial Systems, a web-based service that was bought by Ameritrade and was consistently rated the number one website for technical analysis by both Barron's and Forbes. Prior to starting Prophet, Knight was vice president of technology products for Montgomery Securities and worked at Apple in Strategic Planning. Knight has traded for over 25 years, primarily using technical analysis and price charts as the basis for his decisions, and he owns and operates a short-bias hedge fund from his home town of Palo Alto, California.