Panic, Prosperity, and Progress
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.
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.