Super Boom Why the Dow Jones Will Hit 38,820 and How You Can Profit From It

by Hirsch, Jeffrey A.; Ritholtz, Barry

• ISBN13: 9781118024706
• ISBN10: 1118024702
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-04-05
• Publisher: Wiley

Summary

Jeff will first discuss the boom and bust cycle of the past century and how that has led to the conditions under which such a radical proclamation can be made and made accurately. That covered, Jeff will delve into other such bold predictions (right and wrong) such as Robert Prechter, Glassman & Hasset (Dow 36,000), and finally Yale Hirsch's prediction in the 1970s that there would be 500% move in the Dow. Yale was correct and his prediction and reasoning are reprinted here with new careful analysis by Jeff and a string of parallels between that prediction and the current economic climate. The book will then cover Jeff's Dow 38,820 prediction in more detail than ever before and discuss the best investment strategies to position for and profit from superboom.

Author Biography

Jeffrey A. Hirsch is the President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac. He worked with founder Yale Hirsch for fifteen years, taking over in 2001. He appears frequently on CNBC, CNN, Bloomberg, Fox Business, and many other national and international media outlets to discuss market cycles, seasonality, trading patterns, predictions, and historical trends. Hirsch also edits the firm's digital toolkit, Almanac Investor, a subscription-based product including investor alerts, market data, and research tools.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xiii
Anatomy of a Super Boom
The Boom Equation	p. 3
The math behind the move
A Strangled Economy	p. 15
From slump to powerhouse
The Fortune Tellers
The History of Ignorance and the Ignorance of History	p. 37
Dow 36,000 and the dangers of erroneous assumptions
An Argument against Financial Calamity	p. 49
The best case for and against all hell breaking loose
Yale Hirsch and the 500 Percent Move	p. 57
Discovering the boom pattern
Booms and Busts of the Twentieth Century
Panics, World War I, and the Roaring Twenties	p. 81
From the Rich Man's Panic to the first recorded super boom
Depression, World War II, and the Baby Boom	p. 87
The greatest generation births a boom
Vietnam, Stagflation, and the Information Revolution	p. 95
The greatest boom ever: bigger, faster, longer, higher
The Prodigal Pattern Returns
Inflation	p. 111
The history and impact of the Consumer Price Index
Investment Ideas and Strategies	p. 129
How to profit now and during a super boom
Yale Hirsch's 1977 Stock Picks	p. 149
1977 Smart Money Newsletter Reprinted	p. 161
Key Terms	p. 171
About the Author	p. 175
Index	p. 177
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