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1 A TAXONOMY OF BEARS Baby Bears, Teddy Bears, Papa Bears and Mama Bears - there is more than one kind of bear lurking on Wall Street. "Know your bear" This chapter divides and differentiates Bear Markets for investors. The ursine assaults range from an emotional tussle to being fatally mauled by a grizzly. Chapter 2 TRIPLE WATERFALLS "Nasdaq's 85% leap in 1999 could not be compounded higher, and therefore the outcome was reverse compounding...a force as potent as compounding." Calling Nasdaq's run-up and crash a bubble is the Street's alibi for its own venality: like a doctor calling a case of melanoma a flu-like nuisance. Central to this book is the explanation of the Triple Waterfall stock chart. "How could the Street not have known?" Chapter 3 HOW TRIPLE WATERFALLS RESHAPE THE LANDSCAPE Downstream from a Triple Waterfall is a changed landscape, with a farreaching —decades-long—impact on the markets and investor's portfolios. Water doesn't flow backward up waterfalls, and yesterday's fast-moving stocks will never climb back up. This chapter explains how to pinpoint tomorrow's winners—the inversely correlated assets of the bull market mania. Chapter 4 HOW WARS SHAPE ECONOMIES AND MARKETS "War is hell" begins this chapter, and it goes on to explain what history has to tell us about the times we face. Aggression and terror change the investment outlook; stocks are worth 25% less in wartime than in peace. What's first in war isn't first in peace. |
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5 SURVIVING WALL STREET'S PREDATORS Learn "How Silicon Valley became Death Valley" for tech stocks and their shareholders. The Shills and Mountebanks who led investors to their downfall are the subject of scorn and derision. Learn how insiders enriched themselves while leading their companies to bankruptcy. Aided and abetted by the media, elites, and Wall Street, the story of the Nasdaq's collapse is a scandal of capitalism gone wrong. Stock options provided obscene wealth to a few insiders. " Never, in the history of capitalism have so many given so much wealth to so few for such short-lived performance." Chapter 6 THE DOLLAR AND ITS ALTERNATIVES The fable of the "Grasshopper and the Ant" lives with us in today's global capital markets. The American dollar's anti-gravity performance and the American consumer's easy access to the funds of the world's investors will be mere nostalgia. As global investors escape from a falling dollar, investors face an entirely new challenge. Chapter 7 THE EXPATRIATE DOLLAR: THE EURODOLLAR Those trillions of eurodollars floating unregulated around the globe are the biggest component of financial liquidity. When the greenback enters a major bear market, the tectonic plates underlying the global financial system shift—with huge impact on the valuations of financial assets. Chapter 8 THE CHALLENGING FINANCIAL LANDSCAPE AHEAD The terrain downstream of a Triple Waterfall is no Eden. China, deflation, dollar bear market, tech doldrums and more..... this chapter delivers straight talk in outlining the good, the bad and the ugly in the global market outlook for investors. |
Chapter
9 Chapter
12 "Chances
are that few of us will see such a beneficent confluence of sustained
peace, falling inflation, falling interest rates, strong economy,
and strong stock prices again in our lifetimes." Looking ahead:
"Use your time wisely" is the closing advice. |
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