Anatomy of the Bear: Lessons from Wall Street's four great bottoms
How does one spot the bottom of a bear market? What brings a bear to its end?

There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.

In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.

By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.

This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.

1008593356
Anatomy of the Bear: Lessons from Wall Street's four great bottoms
How does one spot the bottom of a bear market? What brings a bear to its end?

There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.

In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.

By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.

This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.

48.99 In Stock
Anatomy of the Bear: Lessons from Wall Street's four great bottoms

Anatomy of the Bear: Lessons from Wall Street's four great bottoms

by Russell Napier
Anatomy of the Bear: Lessons from Wall Street's four great bottoms

Anatomy of the Bear: Lessons from Wall Street's four great bottoms

by Russell Napier

Hardcover(4th ed.)

$48.99 
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Overview

How does one spot the bottom of a bear market? What brings a bear to its end?

There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.

In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.

By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.

This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.


Product Details

ISBN-13: 9780857195227
Publisher: Harriman House
Publication date: 01/18/2016
Edition description: 4th ed.
Pages: 336
Product dimensions: 6.10(w) x 9.30(h) x 1.00(d)

About the Author

Professor Russell Napier has been an adviser on asset allocation to global investment institutions for over 25 years. He is author of Anatomy of The Bear: Lessons From Wall Street’s Four Great Bottoms and Keeper of the Library of Mistakes, a business and financial history library based in Edinburgh. He has founded and runs a course called A Practical History of Financial Markets and also an online marketplace (ERIC) for the sale of high-quality investment research to institutions. Russell is Chairman of the Mid Wynd International Investment Trust.

Table of Contents

Foreword by Merryn Somerset Web

Preface to the New Edition

Introduction

Part I August 1921

The road to August 1921

The course of the Dow - 1896-1921

Living with the Fed - A whole new ball game (I)

Structure of the market in 1921

The stock market in 1921

The bond market in 1921

At the bottom with the bear - Summer 1921

Good news and the bear

Price stability & the bear

Liquidity and the bear

The bulls and the bear

Bonds and the bear

Part II July 1932

The road to July 1932

The course of the Dow - 1921-29

Living with the Fed - A whole new ball game (II)

The course of the Dow - 1929-32

Structure of the market in 1932

The stock market in 1932

The bond market in 1932

At the bottom with the bear - Summer 1932

Good news and the bear

Price stability and the bear

Liquidity and the bear

The bulls and the bear

Bonds and the bear

Roosevelt and the bear

Part III June 1949

The road to June 1949

The course of the Dow - 1932-37

The course of the Dow - 1937-42

The course of the Dow - 1942-46

The course of the Dow - 1946-49

Structure of the market in 1949

The stock market in 1949

The bond market in 1949

At the bottom with the bear - Summer 1949

Good news and the bear

Price stability and the bear

Liquidity and the bear

The bulls and the bear

Bonds and the bear

Part IV August 1982

The road to August 1982

The course of the Dow - 1949-68

The course of the Dow - 1968-82

Structure of the market in 1982

The stock market in 1982

The bond market in 1982

At the bottom with the bear - Summer 1982

Good news and the bear

Price stability and the bear

Liquidity and the bear

The bulls and the bears

Bonds and the bear

Conclusions

- Strategic

- Tactical

- Then and now

Epilogue: Russell Napier, 2007

Bibliography

Table of figures

Acknowledgements

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