market-economics

Top Mutual & Hedge Funds pay Woody's firm Market Semionics thousands for his analysis of the market. This book gives an insider's view of that anaylsis.

The firt half of the book makes the case to refute the random walk and efficient market hypothesis. The second half gives insight into understanding the mood, body & mind of the market.

Triunity Theory

For me the most insightful thing in the book was the discussion on not viewing sentiment in a vaccum. My experience in the markets has often been that high or low sentiment can not be taken without looking at the fundamentals.

I found the discussion on Trend Duration also very insightful. Woody Dorsey is an original and an indipendent thinker.

I also respect that he has applied his theories and anlysis to statistical testing and has started a hedge fund to manage money based on his theories of behavioral study.

Be suspicious of any "market guru" who just writes books, offers no statistical backing of their market edge and doesn't manage money.

Woody has made some great market calls and this book is very insightful.

Best Resumes And CVs For International Jobs: Your Passport To The Global Job Market by is a very practical guide to preparing the most attractive possible resume or curriculum vitae (CV) for the international job of one's preference. From judging what to include or exclude in a resume, to the best type of language to use when composing and presenting the resume, to whether or not to include personal information, Best Resumes And CVs For International Jobs is packed with a wealth of practical and effective tips, tricks, techniques to securing a position overseas. Completely "user friendly", Best Resumes And CVs For International Jobs details what recruiters are and are not looking for, as well as providing 86 sample resumes to use as a baseline. Highly recommended for anyone in serious pursuit of an international career, Best Resumes And CVs For International Jobs is a strongly recommended addition to any personal or professional job counseling reference collection.

I thought this was an excellent book. If you like the stock market or history, you will like this book. The author goes back to the beginnings of the stock market. He spends a lot of time talking about the 1700 and 1800's, how Wall Street got started. Read how J. P. Morgan played Allen Greenspan. How he raised 20 million dollars in 15 minutes! Read about a stock that went from 200 dollars to a thousand! Read about the big dogs in the market who made and lost millions. The only thing I didn't like about it was the author didn't spend as much time on the Great Depression as I would have liked. That is my only complaint. An excellent book.

Kevin

The only book I've seen to present the "bottom-line" on doing business in the important emerging markets of Asia, Eastern Europe, Africa, and Latin America. Despite the Asian Financial Crisis and other factors affecting U.S. trade with some of these markets, all are expected to recover in the near future and to remain robust for the long term. This book's observations will carry on for many years and its reference compendium at the back is still unsurpassed. Highly recommended for classes teaching international trade and finance. Excellent layout, organization, and graphic design make this a pleasant volume to read, and we look forward to a new edition soon.

Peter Daly makes the biotechnology business comprehensible and interesting to the reader. His style is direct and succinct. He has managed to come up with that elusive creature, the book which imparts plenty of information and is still enjoyable to read.

Former Wall Street Journal writer and current financial communications consultant Tim Metz takes you up to and through the stock market crash of October 19 and 20, 1987, by looking into the minds of eyewitnesses and participants closest to the event. He introduces you to specialists on the NYSE, traders in the Chicago pits, government officials who monitor the country's finances, and exchange officers who have responsibility to oversee securities trading, all who played a part in what happened.

Although the blame for the mania leading up to the crash, and the crash itself, can be spread around to many contributing factors, especially portfolio insurance (a dumb idea) and program trading (index arbitrage), one clear hero emerges in the person of NYSE chairman John Phelan. Metz assigns him prime responsibility for having the foresight and stamina to keep the exchange open in the face of incredible pressure to close it by practically all others concerned. This brave act probably prevented a worse panic and the resulting loss of confidence in markets in the future.
The main point of Metz's investigation centers around the "second" panic of mid-morning Tuesday, October 20. I was a member of the Pacific Stock Exchange at the time, and Metz is correct in stating that as the market began to roll over after a strong opening, professionals became transfixed with fear that maybe we were really beginning to see the wheels come off for good. As Fred Sanford would have said, "This is the big one, Elizabeth!" We had survived the expected Monday "crash," and Tuesday should have seen some sensibility returning to the action, especially with the Dow having fallen some 37% from 2700 to support at around 1900. But the strong opening quickly gave way to new waves of selling that seemed to have no end. Even those of us who had begun the week short were deluged with so many sell orders that we quickly became net long...and net losers.
The Merc's S&P pit halted trading, as did many Dow stocks in NY. Then, miraculously, out of nowhere, the MMI pit on the CBOT caught a bid. Prices recovered. And that was the bottom - 12:30 in NY, 11:30 in Chicago, 9:30 in San Francisco. Metz implies that "manipulation" (government ?) may have had a hand in the turn, as have many other commentators since then. But it may just as well have been Adam Smith's unseen hand stepping into the momentary void vacated by sold-out sellers. We'll probably never know for sure. Whatever it was, it saved the day. As Metz aptly points out, the market is as much a psychological creature as it is a function of supply and demand, and a heroic gesture at the right moment can turn the tide of battle.
The book is laid out like a shipwreck disaster movie, which begins by introducing a representative cross-section of passengers and crew, then follows them as imminent danger eventually engulfs everyone's lives. Who will survive and who will perish?
It's a good read. But the real enjoyment comes at the end when you realize that so many people you've been following and care about worked in cooperation to keep the market afloat, and that critical decisions made under intense pressure preserved the system we have today.
The market treaded water for the next few years as it repaired the damage, then took off on an eight-year 9800-point Dow rally that would have never been possible except for the brave actions by the people who took charge to preserve the integrity of the market when it was under its most frightening assault.

Bubble Markets and Boom & Bust Cycles is a must reading. Nevertheless, the book is informative and well thought out. It's appeal lies mainly as a curiosity of the ups and downs of the boom and bust cycles, witnessing events that are currently NOW taking into effect and an educational tool to keep up with the markets. A reputable author identifies the emerging market trends for this century.

The upswing, a downturn can only be waiting around the corner. Its timing and intensity in this day and age, market cycles are well-established phenomena. When the crash comes, the markets climb high leaving devastation in its financial crises occurring during peaks of cycles.

He focuses on several parts of the market cycle and what to expect. Most interestingly, the book is extremely relevant in today's high-tech era.

Recommended reading a must.

A genuine blueprint for anybody (student or analyst) working in the field of Site Selection. A deep insight into theoretical concepts as well as practical analysis. The book is subdivided into appropriate sections regarding the history and modern day locational analysis for different types of uses.

Picking up where he left off in "Competitive Advantage on the Shop Floor", Lazonick deepens his critique of capitalism's self-representation in neoclassical economic theory. Combining the insights of Schumpeter, Marshall and Marx, he convincingly argues that the emergence of large corporations actually displace "free market" "mechanisms" of resource allocation, radically changes the manner in which the pricing of commodities occurs, and transforms the balance of power between workers and the owners of enterprises. Central to his analysis is the various ways in which organizational complexity and planning within large firms leads to an undemocratic politics of knowledge creation and diffusion that determines the division of the firm's revenue into wages and profits. In the process of narrating the emergence of corporate capitalism, Lazonick elaborates on how large enterprises become locked into economies of speed that exacerbate "labor-management" tensions that, in turn, sap firm's abilities to innovate in the face of international competition. When societies fall prey to these problems, economic stagnation and class conflict result and those with the power within corporations use that power to grab a larger share of a revenue-pie that is either growing at a much slower rate or shrinking. For Lazonick, capitalism is a non-equilibrium process that is always political, generative of uncertainty and an "inequality [that] has undermined the incentives for those who participate in the business organization's specialized division of labor to make the long-term commitment's of their skills and efforts that the innovation process requires." Like "Competitive Advantage on the Shop Floor", this one is a must read; and at a fraction of the cost.

This latest fifth edition provides a fine compendium of business statistics in this country, from key features of the 1999 revision of the GDP accounts to over a hundred data tables presenting years of annual data and monthly historical statistics. An excellent addition to any corporate research department or serious college-level business reference book collection.