Many investors were lulled into complacency by the stock market bull run stretching from 2003 to 2007. Now that the markets have moved into extreme bear territory, investors are distressed – wondering if they can still rely on equities to deliver the best returns among all investment classes.
The new book by John Wiley & Sons (Asia) Pte Ltd, Market Panic: Wild Gyrations, Risks and Opportunities in Stock Markets (Second Edition), shows why some of this distress is misplaced. Investors must understand that the greatest opportunities in stock markets come, ironically, at times when it is most tempting to desert it and sell out. In this incisive study, author Stephen Vines demolishes long-held myths about market movements and provides the best strategies for maximum gains during a market panic. Fully updated with new insights and data on the panic of 2008, it provides timely advice on how to benefit from the regular cycle of market panic and market boom.
This book is empowering in that it enables the reader to recognize the danger signals that tend to precede market crashes. Tracing through the history of stock market panics, it identifies patterns of behavior which are key to understanding how markets really work. Interviews with market professionals directly involved in handling the major stock crises provide a compelling insider’s account of what actually happens when panics break out.
Market Panic also looks at ways in which stock markets are becoming more detached from the companies and economies they are supposed to represent, cautioning against the development of a new and more dangerous form of instability into the market system.
Presented in readable, jargon-free form, this is a truly comprehensive study examining all aspects of the stock market panic phenomenon, and a must-read for anyone who invests in stock markets and is interested in preserving their wealth.
About the Author
Stephen Vines has been writing about markets and business for more than three decades. He was the Deputy Business Editor of The Observer and has worked for the Guardian, Independent, Daily Telegraph and the New York-based Daily Deal. More recently he has combined writing with presenting a television current affairs show, establishing a number of companies and learning a lot more about how business really works. He is also an active stock market investor and has provided consultancy services to a number of listed companies. Now based in Hong Kong, he is the author of The Years of Living Dangerously, a best-selling book that examined the Asian financial crisis of the late nineties. Stephen Vines was the founding Chief Editor of Eastern Express, a groundbreaking daily newspaper published in Hong Kong.
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