Book Bits | 17 June 2017

Jun 17 11:06 2017 Print This Article

● A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation

By Scott NationsReview via Publishers Weekly

Nations (The Complete Book of Option Spreads and Combinations), a CNBC contributor, offers a fascinating look at five major stock market crashes: the Panic of 1907, Black Tuesday, Black Monday, the Great Recession, and the Flash Crash. Nations observes that stock market crises mean more than just tanking investment accounts. They also stop people from investing, impacting job availability and the economy as a whole. While these failures don’t have a single cause that is easy to recognize beforehand, he asserts that all five studied here share important indicators.

● Insatiable: The Rise and Rise of the Greedocracy

By Stuart SimSummary via publisher (Reaktion Books)

Read More

About Article Author

The Capital Spectator

CapitalSpectator.com is a finance/investment/economics blog that’s edited by James Picerno. The site’s focus is macroeconomics, the business cycle and portfolio strategy (with an emphasis on asset allocation and related analytics). In late-2009, the Eastern Economics Journal named Picerno as one of the nation’s “top economics bloggers”. Picerno is the author of Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Press, 2010) and Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks (Beta Publishing, 2014). His articles on finance and economics have appeared in a variety of publications and news outlets over the years, including The Atlantic, Financial Advisor, BankRate.com, HorsesMouth.com, and Bloomberg Briefs: Economics. He also pens a daily economics column for the Saxo Group’s TradingFloor.com web site. Picerno has been writing about investing and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst in 2008. He also offers consulting services on asset allocation and portfolio strategy, the US business cycle, and related data analytics in R and Excel.

Related Items

Schedule for Week of Feb 18, 2018

The key economic report this week is January existing home sales.----- Monday, Feb 12th ----- All US markets are closed in observance of the Presidents' Day holiday.----- Tuesday, Feb 13th ----- No major economic releases scheduled.----- Wednesday, Feb 14th ----- 7:00 AM ET: The Mortgage Bankers Ass ...

Book Bits | 17 February 2018

● The Divide: Global Inequality from Conquest to Free MarketsSummary via publisher (W. W. Norton) By Jason Hickel Global inequality doesn’t just exist; it has been created. More than four billion people—some 60 percent of humanity—live in debilitating poverty, on less than $5 per day. The s ...

History And Fibonacci Say We Topped On Friday

Fear ramped up with the early February selling and a capitulatory bottom (at least short-term) printed.  The Volatility Index ($VIX) doesn't hit the 40-50 zone often and, when it does, it typically coincides with a panicked selloff and bottom.  The last time we saw panicked selling (before the pa ...

Dollar Regains Ground Ahead of Fed Minutes

Higher US inflation fails to spark dollar revival The US dollar depreciated across the board versus major pairs despite consumer prices rising more than expected. Inflation anxiety had triggered a sell-off in global stock markets with the Fed expected to ramp up their interest rate hike path yet the ...

Silver Is The Secret To Investment Success

Looking for a silver bullet to investment success? Silver is in a position to make some incredible gains in price in the near future, far more than gold. Precious metals are generally undervalued, but silver, with a spot price around $16, could easily double or triple in value as a combination of fa ...

RECENT PULLBACK IN COMMODITIES IS LIKELY TIED TO STOCK CORRECTION -- COPPER AND OIL ARE STILL IN UPTRENDS

COMMODITY PULLBACK IS TIED TO STOCKS... My January 27 message wrote about a bullish breakout in commodity prices to the highest level in two years. I took that as another sign that inflation pressures were starting to build. The weekly bars in Chart 1 show that bullish breakout taking place in the ...

Top Funds' Activity in Q4 2017

Brandon Kochkodin, Hema Parmar and Katia Porzecanski of Bloomberg report, Hedge Funds Are Dumping Facebook and Google:Billionaire David Tepper’s Appaloosa Management more than tripled its stake in Apple Inc. and almost doubled its holding of Facebook Inc. in the final three months of last year.Ap ...

Self-inflicted

“My former student,” says Jon, “who is a shift supervisor at Starbucks while studying music education just bought a condo… with her man who she hasn’t been dating more than a year. Don’t know what he does, but he’ll be commuting to it!” And he adds: “There will always be a greate ...

The Tulip Myth?

Anne Goldgar writes that the classic Tulip Bulb Bubble story needs to be corrected: Tulip mania was irrational, the story goes. Tulip mania was a frenzy. Everyone in the Netherlands was involved, from chimney-sweeps to aristocrats. The same tulip bulb, or rather tulip future, was traded sometimes ...

The New TA

I don’t mean technical analysis. Have you ever sworn off trading, but only lasted for a couple of days? Have you ever slammed your fist on your desk when you get stopped out, or just miss filling your order by one penny? Do you believe you can stop trading any time you want, even though you kee ...