Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
Anatomy of the Bear: Lessons From Wall Street's Four Great Bottoms
Use the Amazon App to scan ISBNs and compare prices.
Customers Who Bought This Item Also Bought
Top Customer Reviews
This one is specific to the four big Bear markets of the last century. The author goes through each one as an example. He identifies each stage and has clippings from the markets on peoples sentiment. Shows pricings and looks for what was the best indicator at the bottom. There is no hype, predictions, or false systems in this book. It's more presenting information and presenting patterns that occured.
All the bears follow similar patterns where there is froth, leverage, money sloshing around and everything is priced up a bit. Then some triggering event happens and people either re-evaluate or are forced to change their minds on valuations. Prices drop until they hit a bottom. Things uptrend for a while even though the news is still bad.... The author goes over each bear and how it's the same and how it's different.
Until reading this book, I did not understand or even think about using commodity prices as a leading indicator. Did not know that the stock market turned up before the economy did. Did not know that the great depression involved multiple stages, an international banking crisis, and a late move to gold.
After reading this book, now when I see someone on the TV saying that "They've never seen anything like this before" about LTCM, Bear Strerns, or the price of oil or gold... I have a better perspective. When someone tells me that "the market has definately found bottom" or "Can't go down from here"... I kind of chuckle now.
I do know that when people say "This is a great time to buy stocks..." they often don't know what they're talking about, or they're making it up.Read more ›
The author's main thesis is that stock markets move from periods of overvaluation to periods of undervaluation, and that there are certain signs that can be found at the end of any bear market. This information would be extremely valuable to any serious investor - rather than listening to a lot of the chatter on the internet or on TV, which often amounts to little more than cheerleading and wishful thinking, the information in this book will help an investor analyze at what point in the bull-and-bear cycle the market is at.
Obviously a lot more money can be made when buying at the bottom of the market, and the author did extensive research to uncover the indicators of a market bottom, so that you can apply them when the time comes.
Most recent investors have only seen bull markets, and so don't recognize the signs of a real, steep bear market - often losses can exceed 50% or more, perhaps 70%. Sometimes it can take decades to recover from the losses. This book will open the eyes of anyone who has believed the mantra, "it doesn't matter when you buy, just get into the market anytime, since stocks go up forever."
Most Recent Customer Reviews
I am currently using a strategy that is based on what I learned from this book.Published 3 months ago by FD
Good analysis of the market transitions in the last century. Shows news clipping to show all news is not pessimistic during the transitional phase, identifies possible markers... Read morePublished 5 months ago by Roderick A. Moore, DPM
Helpful book for all of us who prefer not to loose big money in a Bear Market. Take it upon yourself to read this book. It is worth the price.Published 15 months ago by Full Time Investor
I initially bought the book trying to better understand the past bear markets. It was until later did I realize this book is a combination of a story book and a prophecy. Read morePublished 16 months ago by Z. LU
Mr Napier is exceptional in how he researches his topic in depth. This book is crammed with insights, and new information. Read morePublished 22 months ago by Ibrahim Masud
Found the book very helpful towards getting smarter on the history of financial markets in the US.
But the central message and packaging of the book is a bit confusing. Read more