If It's Raining in Brazil, Buy Starbucks (Paperback)

by Peter Navarro (Author), Peter Navarro (Author) "Every time a new macroeconomic wave hits the economy, its impact ripples through the U.S. and global financial markets in both systematic and predictable ways..." (more)
Key Phrases: macrowave investor, macrowave investing, macrowave perspective, Wall Street, Federal Reserve, Dow Jones (more...)

Editorial Reviews

Product Description
IF IT'S RAINING IN BRAZIL, BUY STARBUCKS

The hardcover edition of If It's Raining in Brazil, Buy Starbucks first introduced investors to "macrotrading." Instead of just theorizing, the breakthrough investing strategy actually quantifies the impact of global economic forces on specific sectors of the stock market. This paperback edition delivers macrotrading to a new and wider audience, identifying which economic indicators are essential to follow, how to trade profitably in times of recession or inflation, subtle signals that indicate imminent turning points in the market, and much more.

From the Back Cover

The Breakthrough Trader's Guide On How to Spot--and Profit From--News-Driven Market Swings

The hardcover edition of If It's Raining in Brazil, Buy Starbucks first introduced Professor Peter Navarro's authoritative "macrotrading" system to traders around the world. Now let this paperback edition introduce you to the market-proven power of macrotrading, and show you how to increase your trading precision by more precisely quantifying the impact of economic events on specific sectors of the stock market.

"Learning to interpret news correctly is a key in successful investing. Peter Navarro gives lots of great examples to help you learn."

--Jim Rogers, Author, Investment Biker

"In targeting the market events that cannot be ignored, If It's Raining in Brazil, Buy Starbucks does a great job separating the thought process of the amateur investor from the professional. Navarro's book gives the reader a valuable insight into market psychology."

--David S. Nassar, CEO, MarketWise Securities, Inc., Bestselling author, How to Get Started in Electronic Day Trading and Rules of the Trade

"Witty, fun, and very informative...Peter Navarro has come as close as you can to creating the ultimate roadmap to understanding how news and economic events affect markets. I wish this book had been available when I started my trading career."

--Oliver L. Velez, CEO, Pristine Capital Holdings, Inc., and www.Pristine.com, Author, Tools and Tactics for the Master Day Trader

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Product Details

• Paperback: 256 pages
• Publisher: McGraw-Hill; 1 edition (January 23, 2004)
• Language: English
• ISBN-10: 0071433198
• ISBN-13: 978-0071433198
• Product Dimensions: 7.4 x 5.8 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #231,483 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

25 of 28 people found the following review helpful:

4.0 out of 5 stars Dangerous, February 24, 2005

By	Jeff Lipkes (Tampa) - See all my reviews

...because it's seductively written, and is liable to give readers unwarranted confidence in their ability to speculate/gamble (a distiction without a difference if there ever was one). The book is filled with entertaining fictionalized case-histories of people who both ignore and practice "macrowave investing." Problem is, of course, it's not as easy to play chess while everyone else is playing checkers as Navarro makes out. Case in point: throughout 2003, after March 12, he was calling market tops week after week, dissing the rally, eagerly adding to his short positions. Have no idea when he finally covered.
Investing is about a lot more than interpreting news alerts. When a major computer virus breaks out, it will occur to a lot of people to buy Symantec. It's awfully hard to get in first, even if you have time to sit in front of the computer all day, while glued to CNBC. And you'll be wrong half the time even if you do react instantaneously, because too many other things are contributing to a stock's valuation. From bitter experience, I've come to conclude that the best you can do is to respond to the over-reactions of Wall St. But then you have to know the companies you're buying, and there's zilch here on analyzing and evaluating businesses.
Though ostensibly written for all kinds of investors, the book is, of course, all about momentum trading--riding trends. For people who want to do this, _If It's Raining_ probably covers the basics as well as any book. He even throws in a glib and inaccurate account of the history of economic thought in the 20th century. The coverage of the business cycle and the introduction to the economic indicators is a lot better. Hence the 4 stars. But if this book fires your enthusiasm for "macrowave investing," do some paper trades for a few months first. Better still, take a look at the archives of Navarro's old columns from his website, if he's kept them.

10 of 10 people found the following review helpful:

5.0 out of 5 stars Just about the best stock investing book I ever read., August 27, 2005

By	Marc A. Vinson "I am the grantor of wishes." (Brooklyn, NY United States) - See all my reviews (REAL NAME)

This book gives you different scenarios as to what can happen to the stock, currency and bond markets with every economic report that comes out. Be sure you dont get overwhelmed by all of this and perhaps focus mainly on the 3 and 4 star data that comes out for a while. I am a semi-professional stock speculator myself, and even I was overwhelmed at how much info he gives. I will surely have to keep this one on my shelf for constant reference.

He gives many entertaining samples of how real speculators would act on news and economic data. The funny thing is, many fundamental and technical analysts pay too little attention to this data, and some pay it too much heed. So you need to find the balance. I will say this; I always found economic data very boring until Peter showed us they are all pieces of a puzzle and that makes it very, very interesting indeed. I will never look at CNBC the same way again. As well, the resource guide for websites and news sources at the back of the book are worth the price of this book itself! (...)Marc

2 of 2 people found the following review helpful:

5.0 out of 5 stars Good Book, June 18, 2007

By	Ulf Hamster "uah" (Bremen, Germany) - See all my reviews (REAL NAME)

I like this book because the author uses a funny style. Thus, it is easy to remember some typical phenomenas in macroeconomics and stock markets. Of course, you have to read books about forecasting stock market movements very very very carefully. But this is the story about a young naive boy who go for an internship in an investment bank and listen to sucess stories of the experienced collegues - They are never talking about loss reports!

As you see I am from Germany. Therefore I can tell you: Some of Mr Navarro's causal relationships cannot work in Germany. Actually, I have read the book and made notes: This might work in the US and that might happen in Germany (or maybe in another economic zone somewhere, which i know about). The difference have a little bit to do with cultural differences but more important are differences in institutional and political systems. For example the ECB don't care about what will happen to the unemployment rate in particular Euro-countries during particular election years because it is not possible to consider all member-states equally.

But I think to have read some comments of Mr Navarro that everybody have to think on its own, and thus, find their own magical "macrowave" relationships what have a pretty simple reason: If everybody does the same, the magic doesn't work anymore... I really think to remember that he have indicated something like this in the first chapter.

Therefore, dear reader, this is a very good book because it explains that macroeconomics is linked to the financial markets although some "smart" people postulate that it is not the case anymore. It depends on the viewpoint. and Mr Navarro explains, maybe not very very very academically, that there is one wave level most people don't want to see anymore. While I have read the book I skimmed through the stock market news und macroeconomic data (of Germany / Europe) of the last years and compared them to several stocks and stock indicies - It is not exactly what Mr Navarro have written but in principal he is right.