Irrational Markets and the Illusion of Prosperity
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A01=Don DeVitto
Author_Don DeVitto
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Decline Line
deflation risk
Deflationary Environment
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Product details
- ISBN 9781579581756
- Weight: 490g
- Dimensions: 152 x 229mm
- Publication Date: 01 Jan 2001
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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Irrational exuberance - the now-famous utterance of Alan Greenspan, referred to the seemingly unending upward spiral of the stock market. Of course, as every investor knows, the stock market plummeted after this comment was made, only to recover and exceed every known record over the next year. Nothing, it appears, could keep this market down: not inflationary pressures, concerns over the Asian economic crisis, lack of earnings in many companies, nor elevated stock prices. Nothing, it seems, could stop investors in their passion for bidding up prices of stocks, especially technology and telecommunications. But beware: Irrational Markets warns that Americans are living in an economic dreamland, and that the long bull market and low unemployment levels have only masked a disturbing economic reality - in short, we're in for a rude awakening. Based on extensive research, this provocative book is sobering reading for any current or would be investor.
Mr DeVitto graduated from the Wharton School of Business in 1979 with majors in finance and international trade. He began his career as an industrial commodity trader with a privately-held firm in New York City. For the past seventeen years Mr Devitto has served as an investment advisor to individuals and corporate clients. Currently, he is a Portfolio Manager and Vice President at a leading investment firm.
