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Rating: Summary: I highly recommend this for anyone interested in markets. Review: I first read Ken Fisher's book in 1987, unfortunately for me, after the stock market crash. Had I read it before the crash of 1987 I think I would have sold out. His book clearly gave the warning signals about the high valuations of stocks in that era. I love this book for its simplicity and powerful demonstrations of market history that I have recommended it to many people who want to learn more about markets. I have this book prominently displayed in my collection of books about the markets.
Rating: Summary: An outstanding reference source for financial market history Review: Mr. Fisher does a very good job of expounding on financial markets, measurements, and traditional wisdom, often iconoclastically. Many excellecnt long term charts, and references to little known economists whose ideas have been over-looked by mainstream academics.
Rating: Summary: Wall Street Waltz gives the perspective of history Review: Perfect antidote to "what will the market do." According to this book, over the last 200 years, long ups and have been followed by long downs. Makes sense. EPS needs time to "catch up" to over pricing (overheating or whatever). So, if 200 year trends come to fruition, NASDAQ and the DOW will hit their 2000 peaks in about 2016 to 2018. However, remember, the long term trend is still up. It just got ahead of itself a bit (800% growth from 1983 to 2000 was too much). Hang on and the market shows this. Great book. No axes to grind.
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