"If you are a serious student of investing, you owe it to yourself to 'go back to the future' and read this book." Charles B. Carlson, Editor of Dow Theory Forecast.
It is the business of a barometer to predict, and the stock market is the barometer of a country’s — and the world’s — business.
Crises are brought about by too much imagination, and as such there is a need for soulless barometers, price indexes and averages to tell us where we are going and what we may expect.
Hamilton stresses that Dow’s theory of the stock market movement, conceived in the early 1900s, should not be seen as a system for beating the market but rather a system for predicting the market’s forecast.
Multifaceted in nature, Hamilton nevertheless explores and dissects Dow’s rationale in meticulous detail alongside such relevant topics as market speculation, manipulation and the inevitable regulation that emerged.
As important today as it was when it first appeared in 1922, Hamilton’s The Stock Market Barometer is a financial classic, offering readers a series of timelessly relevant insights, trends and analyses obtained through his many years’ observance of market behaviour.
"I urge you to read this book, and read it again and again. Robert Rhea, the famous Dow Theorist of the 1930s, stated that he read and reread The Stock Market Barometer at least once a year. Frankly, I can think of no better advice." Richard Russell, Dow Theory Letters, Inc.
"Hard drives didn't exist in Charles Dow or William Peter Hamilton's day nearly 100 years ago. Yet, these two men developed and refined a market forecasting tool that is still better than anything I've ever seen on Wall Street. . . . If you are a serious student of investing, you owe it to yourself to 'go back to the future' and read this book." Charles B. Carlson.
William Peter Hamilton (1867-1929) was a financial journalist who began his career in London. A contemporary of Charles Dow, he was a proponent of the Dow Theory and spent the last two decades of his life as the fourth editor of the Wall Street Journal.
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