When the Market Moves, Will You Be Ready?
$13.37
| Author(s) | |
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| Format |
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| Pages |
290 |
| Published Date |
2004 |
When the Market Moves, Will You Be Ready? How To Profit From Major Market Events
When the Market Moves, Will You Be Ready is the First Hands-On Guidebook for Macrowave Investing–Today’s Most Potent, Strategically Advanced Event-Trading Technique “Macro” events play a large part in determining movement in markets, sectors, and individual stocks. Often these events are preceded by signals that a price-impacting event is about to occur.
The key to success is using those signals to determine your buys and sells. Emphasizing the practical side of trading, this book features exercises, Q&As, and checklists for using investing techniques in day, swing, value, or virtually any other trading or investing style. The companion to Dr. Peter Navarro’s bestselling If It’s Raining In Brazil, Buy Starbucks, which won over the investing world to the effectiveness of macrowave investing, this workbook features:
- Techniques to determine the direction of the market, sector trends, and stocks within those sectors
- Exercises, review questions, checklists, and more to preparee you for macrowave investing
- The Three-Point Break Method–A tool to identify trend reversals and the profitablepoints at which to buy or sell
Financial markets are driven by the emotions, and reactions of investors to headline reports and events. When the Market Moves, Will You Be Ready? shows you how to use the predictive strength of macrowave investing to determine when such events will occur, the impact of these events on the market, and the sectors or stocks that will help you profit from the aftermath.
Contents:
- So You Want to Make a Million in the Stock Mark
- What’s Your Wall Street “IQ”?
- The Four Stages of Macrowave Investing
- Follow the Earnings Calendar!
- Follow the Macroeconomic Calendar!
- Uncle Sam and the Stock Market
- Exogenous Shocks and the Strategy of the Macroplay
- Tracking the Market and Sector Trends
- The Business Cycle and the Stock Market Cycle
- As the Interest Rate Cycle Turns. . .
- Unlocking the Mysteries of the Yield Curve
- It’s Finger-Lickin’, Stock-Pickin’ Good
- It’s Absolutely Fundamental
- Technically Speaking
- Managing Your Risk
- Managing Your Money
- Managing Your Trades
- Executing Your Trades
- Preparing for the Investing Week
- The Stimulation of Portfolio Simulation
When the Market Moves, Will You Be Ready? How To Profit From Major Market Events By Peter Navarro pdf
15 reviews for When the Market Moves, Will You Be Ready?
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Ellis Bowman (verified owner) –
Nice for macro analysis
Emory Hodge (verified owner) –
It did not meet my expectations as it was the wrong book
Clayton Lin (verified owner) –
In this book, the author takes a top-down approach to investing. He combined macro economic factors with fundamental/technical approach to the market. In many ways, this book reminds me of Martin Zweig’s Winning on Wall Street, which in my eyes is one of the greatest investing books ever published. This book gave me a great number of possible ideas I can use to develop potential models from, and for that it is well worth the purchase price, even if none of them pan out.
Harlee Stuart (verified owner) –
Professor Peter Navarro teaches at the University of California (Irvine) and has written an interesting workbook on the “macro-investing” method. It focuses on getting a handle on the big picture.
As a teacher, Navarro firmly believes that learning involves not only reading material, but also understanding it which can be assessed by using pertinent questions and exercises. That is why he places questions and exercises after each of his 20 chapters, and provides the answers in a separate 25-page section at the end of the book. This is an excellent reinforcement approach which more books should follow, especially those that are more dense.
Navarro puts forth his three key macro-investing rules:
1. buy strong stocks in strong sectors in markets
2. short weak stocks in weak sectors in declining markets
3. stay in cash in a trendless market
He warns investors that even buying the best stock in the wrong sector in a down market is suicide. According to Navarro, eighty percent of investors lost one-half of their money in the 2000-2002 bear market. Therefore, he urges investors to be on the lookout for macro-economic events, what he refers to as “macrowaves” that precede market action. These include such items as government reports on inflation, employment, growth, Fed policy changes, and large company earnings. He believes this news drives markets up and down.
In multiple chapters, Navarro explains the four steps of macrowave investing and the three key cycles (business, interest rate, and stock market) and which stock sectors would be best to invest in during each aspect of the cycles.
One chapter explains the yield curve and how to use it to understand the changes in stocks can bonds. He then reviews the basics in selecting strong and weak stocks, as well as the basics of fundamental and technical analysis in back-to-back chapters. Additional chapters are devoted to risk management, money management, trade management, and execution.
Overall, Navarro has delivered a solid primer on preparing yourself for trading the market’s large moves. The logical step-by-step approach is easy to follow and will provide investors with a good understanding of the markets, and hopefully will result in better investment results.
Hailey Madden (verified owner) –
Though the title of this book leads one to take it as the sequel to the author’s first book “If it’s raining in Brazil, buy Starbucks”, it is quite different from it coz “if” is more like an “if then if then” excercise/reminder for relatively veteran investors, whilst this book is more like a beginner’s guide to the author’s concept of “Macrowave Investing”, essence of which can be described by its three golden rules and four stages:-
R1. Buy strong stocks in strong sectors in an upward-trending market
R2. Short weak stocks in weak sectors in a downward-trending market
R3. Stay out of the market and in cash when there is no definable trend.
S1. Diagnose and prognose on corporate earnings news, flow of macroeconomic data, conduct of fiscal and monetary policy of govt, and exogenous shocks like wars and rain in Brazil, the so called four dynamic factors.
S2. Determine broad market and individual sector trends wrt business cycle, stock market cycle and interest rate cycle.
S3. Screen individual stock thru fundamental and technical analysis.
S4. Uses risk/money/trade management tools
The author said that this book is for all. As a professional trader, I believe that it is much more suitable for amateur long term stock investors who favors fundamental analysis. The coverage on S1 and S2 are brilliant, but not for S3 and S4. Serious investors should read some books else to compliment the inadequacies on TA and risk/money management.
In short, a good book. The Q&A and resource reference in the end of each chapter is very helpful. A value buy!
Everest Buckley (verified owner) –
good
Daniel Shannon (verified owner) –
The book is very instructive and very useful for novice as well as experienced investors. I recommend it very highly.
Bristol Decker (verified owner) –
Very good. Particularly if you are interested in the relationship between macroeconomics and the market. Even better when you also listen to Navarro’s 8 CDs on the same topic.
Taylor Burgess (verified owner) –
Book is very technical. You need fare amount of prior knowledge to understand what it says.
Brooks Waters (verified owner) –
Great book for learning the market
Makenna Bates (verified owner) –
Informative and, if you really follow its advice, demanding book. It’s really for the educated day-trader, not the present-day investor who believes broad-sector or index ETFs are the only way to go for any investor who’s not a full time pro. But even if you’re one of those there’s a lot of interesting and useful information here.
Anne Wilson (verified owner) –
I appreciate Peter Navarro writing details on how macroeconomics works. This book is my introduction and it takes a while to do all the exercises so he thinks about how readers truly learn material. I am not following all of it, but the sector rotation part is very beneficial to comprehending how stocks and etfs also can work.
Dion Watson (verified owner) –
I enjoyed this read vey much. Frequently these egghead, PhD professor types write books long on theory but short on practical application. This books is anyting but that. It’s a very easy and, honestly, an interesting read – a tall order for a book on economics.
I have seen the ‘Fools’ that believe strictly in fundamental analysis of markets and that price action places no part in anything when reviewing an asset. I’ve also read books and attended classes by those that believe *only* price action mattered. I’m sure that Enron and that Lehman Brothers or Bear Stearns corporate stock as well as many other stocks in 2000 and 2008 hit some wonderful support levels on charts on the way down and then promptly blew right through them. Technical analysis isn’t enough by itself either. Navarro does a great job of blending the two together. He shows a number of freely (and some not so freely) available resources to help with sector and specific stock analysis to help drown out the noise in the money media and thin the herd of where to focus with the thousands of assets available to the average investor. The ‘buy-and-hold’ folks probably won’t like this book much as he points out the flaws in that almost religiously held investing philosophy. The folks that want to make money consistently in the markets though will however.
Some reviews say “He doesn’t cover this or that topic in excruciating, mind numbing detail’. That’s true. If you’re looking for minutia about setting targets and stops, trade/investment management in more specific detail and general trading/stock transaction details then this probably isn’t the book you’re looking for if you’re only going to buy one book. That’s not it’s purpose. There are many books out that deal with those topics. The writer states that this is written from a macroeconomic view and that he is trying to get the reader to look at the economy from the top down rather than from the bottom up. Look at the overall market first, then look at which sectors are doing well or poorly in this part of the business/stock market cycle and then narrow it down to specific stocks, ETF’s etc. He also, in effect, leads the reader to water in effect with the exercises in the back of each chapter but he advises the reader that from here’s it’s up to you to put some effort into the research. He gives you many tools to do that research though. I usually skip the ‘what did you learn’ type review questions and, if they exist, the busy work exercises at the end of chapters of books like this. Skipping the exercises specifically is a mistake in this book. I’m sure that I will incorporate a good deal of what is in some of those exercises into my regular market scan and research routines.
If there is a downside to it there are some links that are referenced that seem to no longer exist. As the book was written in 2004 and, I write this in 2015, that is to be expected. No reflection on the author that sites change. just a disappointment as I had hoped to see some of the things he referenced is all.
Most of us put a lot of effort into making those dollars but frequently not nearly so much into keeping/growing them. This book goes a long way towards showing folks that don’t really know what to do to manage their money well after they have it a path to follow to do so. I suspect I will refer back to it often as business and stock market cycles change in the coming years.
Madeline Fields (verified owner) –
A great ‘workbook’ to build a solid foundation on for investing. The exercises at the end of each chapter as well as the suggested links and reference books are the reason why I feel confident entering the market today. This book is the course book for the Author’s Audio CD, “Big Picture Investing.” Either one or the other will do, having both is overkill– as I did.
Fiona Price (verified owner) –
Navarro’s book is just excellent. He is a very good writer and an educator and knows how people learn. When you read this book you will want to keep your highlighter handy. He uses a very logical flow of concepts and supports them with good information. Of the over 200 stock market and investment books I’ve read over the past few years, this one is one of the best and you will go away saying…that really makes sense. This book easily stands on its own, so if you haven’t read his If it is Raining in Brazil, don’t worry about it. Just give it a read and you won’t be sorry.