The Fourth Mega-Market, Now Through 2011
How Three Earlier Bull Markets Explain the Present and Predict the Future
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- $9.99
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- $9.99
Publisher Description
A proven leader in the financial world explains the current bull market -- and how to profit from it--by comparing it to the great bull markets of the past.
Were you surprised by Wall Street's incredible performance over the past few years? Ralph Acampora wasn't. In fact, Acampora, Prudential's top technical analyst, predicted the current bullish trend--and helped countless clients profit from it. Now you can too.
Acampora coined the term mega-market to describe a bull market that lasts a minimum of ten years and a maximum of eighteen years with Dow gains of between 400% and 500%. In The Fourth Mega-Market, Acampora helps readers take advantage of the staggering performance of the current market by showing its similarities with the three previous mega-markets in American history. In an entertaining and straight-forward style, and with a wealth of informative charts and graphs, he helps readers recognize patterns that can explain market performance, showing how to use technical analysis to "hear the voices" of the market. He offers valuable tips, such as how to spot and protect yourself from a correction; how psychology and politics influence the market; and how to analyze the performance of various market segments. Finally, he makes exciting predictions on just where the market will go before it ends and how it will get there, giving specific recommendations. While today's information overload keeps us on the edge of our seats, scanning the numbers for subtle clues as to the market's next seismic shift, Ralph Acampora shows us the value of a larger perspective, one that not only explains today's mega-market, but also shows us how to keep investing our money wisely and ride high on the current wave.
PUBLISHERS WEEKLY
Best known for his correct 1995 prediction that within three years the market would hit 7000 (rising 60% above the market's level at that time), Acampora believes that investors who understand how the stock market has performed historically will be able to make wiser decisions about their portfolios. To explain his view, Acampora, who is chief technical analyst at Prudential Securities, first discusses the tools he and other analysts use. Followers of value investing, including Warren Buffett, look at a company's management, dividend and P/E ratio. However, that provides only part of the picture, according to Acampora, who says that investors should also consider price, volume and the psychological climate (whether investors are feeling bullish or bearish). He goes on to explain how to read charts to discern the trends related to the price and trading activity on a particular stock. He also evaluates the parallels between the four "mega-markets" or bull periods--1877-1891, 1921-1929, 1949-1966 and today's upswing, which, he contends, began in 1995--and explains their dramatic turns in language that makes sense. No doubt, value investors will find flaws in the author's theories. Those looking for a rational perspective on the unpredictable stock market as well as some useful investment tools and tips, however, will find them here.
