Timing is all
Everyone is familiar with the cycle of the seasons, but stock markets are cyclical too. This book?s subtitle is “connecting the panics of 1929, 1987, 2007”, and researches key questions such as: When does a bear market end? Was the 2009 stock market low at the end of the bear market? When does a new bull market begin? The author quotes Jess Livermore: “When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday.”
For me the book had too much emphasis on the author?s pet theory.
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