Customer Reviews

"Dow, 30,000 by 2008" Why It's Different This Time - Second Printing

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1 star:		(15)

 

 

"Ringo Starr Will Be the Best Solo Beatle" - 1970
"Your New Flying Car" - 1971
"A Man On Mars - Why it Will Happen Soon" - 1972
"Personal Computers - An impossible Pipedream" 1974
"The Metric System - The System We Will Have to Adopt" - 1976

the author is an intelligent fellow with a gift for writing, it is just that he was completely wrong on everything. Like Robert Loest (whose IPS Millennium fund was folded into another fund family after it shrank in size), Zuccaro was a permanent stock market bull who evidently could not see what was really happening to the market. Now his two mutual funds are out of business and this can join Glassman's Dow 36,000 and David Elias' Dow 40,000 as unintentionally hilarious reminders of not to take financial TV network CNBC seriously.

I want my money back.

At least I'm reassured by the fact that this guy's probably now living in a cardboard box under an overpass, and sleeping in a polyester leisure suit that he ripped off from the Salvation Army.

On October 2, 2008 with the Dow 10,482 and going south south south, the title tells it all. Zaccaro is a top McCain economic advisor..reatlity check anyone?
The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

There's over two months of 2008 left--we can do it!! I cashed out the 401k and I'm leveraged up long on ES for that Santa Claus rally, baby!

Wow, you usually only hear words like "it's different this time" as part of "trading 101" lessons that generally go something like this: "if you ever hear a purported expert say 'it's different this time', go to cash immediately". In trading lore, the party guilty of uttering these legendary four words is seen as the straight man, the gullible goof soon to be living at the "Y" and eating government cheese. And not only did this dude write a book with those very words IN THE TITLE, he put his face on the cover so we can recognize him on the street!

I've bought and read a ton of trading and investing books in my time, and from that the most important lesson I've learned is not to take advice from someone just because they wrote a book. If you're putting your own money into a financial instrument, take the time to learn about it, understand as best you can the forces that move it, so you can make choices that make sense for your goals and time frames. Anyone who blithely makes a critical financial decision based on advice from a book without doing their homework deserves what they get.

By the way, please be sure to check out my new book, "Dow 300 by 2009".

What a brilliant, insightful tome on investing cycles. The author makes an iron clad case as to why the Dow will skyrocket to the stratosphere by 2008. I can find NO FAULT in his logic. Leverage is the key to success in this world of ours. Everybody should borrow against ANY asset that they have, especially their home, up to 30 or 40 times the fair market value. As everyone knows, homes NEVER decrease in value.

One can only assume given the events of 2008 that the author has either committed suicide or is living in his mother's basement after a messy bankruptcy. College Republican no doubt in his youth.

This book did not make any sense when it was first issued.It doesn't make any sense to reissue it as a second printing unless the title was revised.Zuccaro's fundamental problem is his inability to discern the difference between a genuine investment based boom resulting from technological advances and innovations in products and industrial techniques and a speculative bubble that is simply the result of rampant speculative activity fueled ,if not created by,hundreds of billions of dollars in commercial bank loans going to support all sorts of leveraged buyouts and hedge fund game playing.Charles Kindleberger said it best when he stated that you are automatically in a bubble when stock market analysts proclaim that"... it's different this time ".Instead of this book,I recommend Kindleberger's Manias,Panics,and Crashes.The best short treatment of this issue is still chapter 12 of J.M.Keynes's The General Theory(1936).

Dow plunges to 8,000 in October 2008. Need I state the obvious, this guy is a moron.

I'm surprised they still sell this book, given that the Dow is not at 20,000, but is currently falling below 11,000!

This book is a great example at how lots of charts (100s of charts and tables) don't matter. What matters is that the investor understand the fundamental influences, such as consumers completely over their head in debt, a glut of unsold homes resulting in depressed real estate prices, and a competitive global marketplace offering inexpensive high quality labor.

I've been DOUBLE shorting the Dow Jones in 2008 and it's been GREAT. In other words, every time the Dow falls 10%, I make 20% in PROFIT! How many people read this book and threw all their money into the DOW only to see it transferred into the hands of folks like me who were getting money when the Dow went down? Thanks for the cash! I wonder where Zuccaro is putting all his cash from his book sales. Maybe foreign currency funds!