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The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down Hardcover – October 6, 2008
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From the Inside Flap
"Peter Schiff is one of the few financial analysts who understands the Federal Reserve's responsibility for the boom-and-bust cycle plaguing the American economy. Anyone wishing to know why the American economy is in trouble should add this book to their reading list."
Ron Paul, United States Congressman
"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."
Glenn Beck, host, The Glenn Beck Program
"Peter Schiff understands the big financial picture better than most Wall Street professionals. Investorswith or without experiencewill benefit from his insights, making this book a must-read."
Jim Rogers, international investor and author of A Gift to My Children
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Top Customer Reviews
The foreword to Bull Moves is by Marc Faber, who endorses the common sense approach for the long term. The book's introduction warns of the inevitable downturn of an economy that was only possible through speculation borne of low interest rates. There is now no doubt that we are in that recession. The first chapters talk about the loss of America's purchasing power. The 1950's were a healthy economic time, because we produced goods that went around the world. High rates of production coupled with Reserve Currency Status gave the dollar an unbeatable edge back then. He then tracks reasons for the dollars' demise over time. He clarifies what inflation truly is. Unfortunately, most people don't understand it and how deadly it is. I don't like the way he explains Bretton Woods, and this is the second time he's done it in this manner. Bretton Woods was a poor excuse for a metallic standard and doomed to fail. Therefore it is my opinion that it was a dysfunctional group effort with multiple culprit nations. "My country's name is France and I'm a central banker." "Hi France."
Mr. Schiff's theory of decoupling hasn't yet come true.Read more ›
Will we have deflation or inflation? Schiff believes it will be deflation for big-ticket items typically purchased with debt (dwellings, education); for everything else there will be inflation. The reader should study this book, analyze his reasoning behind his recommendations, and evaluate how (or whether) to apply his strategy. As for me, his words sound spot-on, but I wonder if global markets are sufficiently decoupled for his advice (get out of $US) to be effective right now. On page 136 he states that decoupling is inevitable, but how long will it take to happen? No one really knows the answer to that.
This is written for people at various stages of life: students contemplating education and career choices, mid-career people looking for shelter from the storm, and retirees who want to maintain the best possible lifestyle and health care on fixed funds.
He lists pros and cons of various investment vehicles that can take you to other global markets (ETF, ETN, Mutual Funds, ADR, etc.), and how you may preserve the value of your domestic funds with precious metals and a very select few US investments. You won't find hot stock tips here. Instead Schiff shows you how to approach finding the best regional economies / countries / companies in which to invest, and provides some general directions to start your search.
Lastly, this is not an entirely pessimistic book. (Thank you Mr. Schiff!Read more ›
Schiff also makes some good and useful points that do not often appear in books about investing. First, he tells you how to actually invest in the things he recommends. Granted, he is often hawking his own wares (his company does many of the things he says investors must have, like stocks bought on foreign exchanges and custodial services for precious metals), but he also presents some things I'd never heard of (like GoldMoney.com) that could have some utility, even if you don't buy his argument whole. Second, he gives some guidance for potential career and business choices that stand to benefit from the disasters he sees befalling the U.S. economy. Though I disagree with him on numerous points, I think his efforts here are an important part of any plan that relates to investing--that is, how you get the money you plan to invest--but are generally ignored in most books on the subject.
However, I have some serious problems with this book. Six of them. First, it looks like it was rushed to press to capitalize on the recent market turmoil.Read more ›
Most Recent Customer Reviews
IF you had invested per every word in this book, you would have to date lost money, as have I. With Hindsight, its obvious his warnings are premature. Read morePublished on June 29, 2014 by william e howland
Gave it as a gift and didn't hear from the recipient so I would say it did not make an impression.Published on November 9, 2013 by Kenneth Faucett
I wish I had the time to play the stock market as some do but this was good information anywayPublished on January 20, 2013 by Susie B
This is a much better book that 'Crash Proof 2.0' by the same author. Written in 2008 it's already a bit out of date by 2011. Read morePublished on June 3, 2012 by Gderf