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Super Boom
Why the Dow Jones Will Hit 38,820 and How You Can Profit From It
Jeffrey A. Hirsch (Author), Barry Ritholtz (Foreword by)
9781118024706, Wiley
Hardback, published 27 April 2011
208 pages, Charts: 39 B&W, 0 Color; Tables: 6 B&W, 0 Color
23.6 x 16 x 2.2 cm, 0.39 kg
Prosper from the profitable opportunities of the next financial market super boom In 1976, Yale Hirsch predicted a fifteen-year super boom—a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000. In Super Boom, Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac, unveils the next market expansion. Building on his father's research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets. History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom. As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you'll benefit from the insights that only Jeffrey Hirsch can provide.
Foreword ix Acknowledgments xiii PART I Anatomy of a Super Boom Chapter 1 The Boom Equation 3 Chapter 2 A Strangled Economy 15 PART II The Fortune Tellers Chapter 3 The History of Ignorance and the Ignorance of History 37 Chapter 4 An Argument against Financial Calamity 49 Chapter 5 Yale Hirsch and the 500 Percent Move 57 PART III Booms and Busts of the Twentieth Century Chapter 6 Panics, World War I, and the Roaring Twenties 81 Chapter 7 Depression, World War II, and the Baby Boom 87 Chapter 8 Vietnam, Stagflation, and the Information Revolution 95 PART IV The Prodigal Pattern Returns Chapter 9 Inflation 111 Chapter 10 Investment Ideas and Strategies 129 Appendix A Yale Hirsch's 1977 Stock Picks 149 Appendix B 1977 Smart Money Newsletter Reprinted 161 Key Terms 171 About the Author 175 Index 177
The math behind the move
From slump to powerhouse
Dow 36,000 and the dangers of erroneous assumptions
The best case for and against all hell breaking loose
Discovering the boom pattern
From the Rich Man's Panic to the first recorded super boom
The greatest generation births a boom
The greatest boom ever: bigger, faster, longer, higher
The history and impact of the Consumer Price Index
How to profit now and during a super boom
Subject Areas: Finance & accounting [KF]
