The New Reality of Wall Street : An Investor's Survival Guide to Triple Waterfalls and Other Stock Market Perils [Hardcover]

Donald Coxe (Author)

Book Description

ISBN-10: 0071417532 | ISBN-13: 978-0071417532 | Publication Date: May 19, 2003 | Edition: 1

An investor's survival guide to avoiding costly dangers in today's uncertain markets

That the "bubble burst" in 2000 is really a misnomer. The fall of the markets actually marked a seldom-seen--but always dangerous--triple waterfall. In The New Reality of Wall Street, Donald Coxe--a huge name in institutional investment circles--provides shaky investors with the reassuring knowledge and guidance they need to recoup recent investment losses, and weather a financial storm that is still far from over.

While Coxe warns that the third leg of the triple waterfall is still alive, he shows there are profits to be made. The New Reality of Wall Street tells investors where to look--and what to look for--to invest profitably despite the prevailing doom and gloom as it discusses:

• How to understand and profit from the triple waterfall phenomenon
• What the fall of the dollar means to future investors
• Which direction inflation should turn, and why

Editorial Reviews

From Booklist

Coxe describes the spectacular rise and fall of technology and telecom stocks as a "Triple Waterfall," a technical analyst's term for a classic boom-and-bust event. In events like these, vast amounts of wealth change hands from investors to those who profit from the bubble, in this case the upper management of dot-coms and the like who cashed in big at the top by selling stock and exercising stock options. According to Coxe, "Triple Waterfalls aren't mere bubbles, they are financial pandemics that take not months, not years, but decades to run their course." His analyses place investors in the 10- to 12-year "final long-term collapse phase," a treacherous climate most today have never experienced, so few have a clue as how to survive, much less profit in these times. After a reasonable discussion of economic theory, Coxe lays out an investment survival strategy for this environment that includes a consistent approach of diversification and maintenance of an acceptable, if not spectacular, rate of return. David Siegfried
Copyright © American Library Association. All rights reserved

Review

"Coxe has a flair for analyzing markets, and readers will agree with many of his salient points." --Library Journal" --This text refers to an out of print or unavailable edition of this title.

See all Editorial Reviews

Product Details

• Hardcover: 288 pages
• Publisher: McGraw-Hill; 1 edition (May 19, 2003)
• Language: English
• ISBN-10: 0071417532
• ISBN-13: 978-0071417532
• Product Dimensions: 9.1 x 6 x 1.1 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #2,319,465 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

5.0 out of 5 stars Macro analysis, July 10, 2003

By A Customer

This review is from: The New Reality of Wall Street : An Investor's Survival Guide to Triple Waterfalls and Other Stock Market Perils (Hardcover)

While the author from NV makes a point about the Harris Insight yearly underperformance, Mr. Coxe's performance has beaten the SP over the last three years by 680 basis points annualized.

This is a superior book, because of the style of thinking. Typical investors, like the individual from NV, or the herd, think in a conformed fashion and Mr. Coxe takes us out of the conformity and allows us independent thought.

He also does a great job explaining what external influences on the market are, the important roles they play( things like eurodollars, central banks, world economies, etc.), and what happens when markets go down or sideways for an extended period of time.

I would recommend this book if you are looking for a good macro overview of markets and the major players. It is not nor meant to be a technical indicator or timing book, and indeed while there will be major trading rallies of 50%, the chances are very strong that we continue to remain in a "generational" bear market. One that could last a decade or more if history is correct. And one that will ultimately decimate Mr NV and the herd again at the proper time and place. For as we all know the market exists to make the majority of the people wrong the majority of the time.

If you are looking to think like everyone else, then there are other books you should be reading.

12 of 13 people found the following review helpful:

5.0 out of 5 stars Big Picture view of global markets, January 3, 2004

By A Customer

This review is from: The New Reality of Wall Street : An Investor's Survival Guide to Triple Waterfalls and Other Stock Market Perils (Hardcover)

This book is explains the Big Picture of global markets and how an individual investor can use a broader understanding of markets to manage a personal investment portfolio. The survival analogy really works for me. It is his ability to explain the patterns underlying the day to day activities of the stock markets which sets Mr. Coxe apart from other investment writers I have read. The first chapters are about crashes and Triple Waterfalls, and he provides the historical context for the Nasdaq's crash. It was eerie and sobering to see how precisely we mimicked the behavior of investors in other eras. However the chapters I found most interesting were dealing with the US Dollar, Gold and the Eurodollar. I can't wait for his next book!

10 of 11 people found the following review helpful:

5.0 out of 5 stars Perfect timing, June 4, 2003

By A Customer

This review is from: The New Reality of Wall Street : An Investor's Survival Guide to Triple Waterfalls and Other Stock Market Perils (Hardcover)

Donald Coxe does a great job of explaining how we got to where we are today. But the best thing is that he offers intelligent, witty insight into what investors should do next. At a time when most investing guides are offering bubblegum advice in a pop psychology wrapper, ths book is a breath of fresh air.