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

By Donald Coxe

Book Overview

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... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0071417532
• ISBN13: 9780071417532
• Release Date: May 2003
• Publisher: McGraw-Hill
• Length: 288 Pages
• Weight: 2.75 lbs.
• Dimensions: 9.1" x 1.1" x 6.2"

Customer Reviews

Big Picture view of global markets

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!

Macro analysis

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.

Perfect timing

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.