MARKET PANIC 市场恐慌

书籍目录

Acknowledgements  List of Figures  Preface  Chapter 1 Preparing for panics and profiting from them   Bear markets yield the biggest gains  Bring on the crises  Buying panics  Why are investors bargain-averse?  A simple strategy for success  Booms and bubbles  Identifying crashes and panics  Teling signs  Learning from history  Professionalism,Oscar Wilde and the conducting of orchestrasChapter 2 Types of panics    Phoney panics  Self-induced or end-of cycle panics  Contagious panics  Real panics  Panics follow the market's own biarre logicChapter 3 The panic cycle    Panics get bigger,more unpredictable  Volatility  Looking for causes of boom-and -bust cycles  Stages of the cycle  Government attempts to cope with panics  This time,will it be different?  New world-new crashes  Dubious practices and crooks move in  More a case of neglect than fraudChapter 4 A new age of panics  Chapter 5 The trader and the fund manager  Chapter 6 The psychology of panics  Chapter 7 Does diversification provide protection against stock market fluctuations? Chapter 8 Is the market always right? Chapter 9 Opportunity  Notes  Select Bibliography  Index

作者简介

An engaging book that offers a comprehensive and provocative analysis of the market panic phenomenon

   Why are stock markets regularly gripped by panics? What gives rise to these panics? Are markets becoming more panic-prone? In Market Panic, leading market commentator Stephen Vines provides some unique answers to these questions and shows why panics offer incredible opportunities to stock market investors. He challenges some long-held assumptions about the benefits of investment diversification, offers new ways of understanding the panic cycle, and demonstrates how to predict the onset of panics. Vines also looks at how stock markets are becoming detached from the companies and economies they are supposed to represent, thus building a new and more dangerous form of instability into the market system



 From the Inside Flap  



Many investors have shunned equity markets since the end of the dotcom boom, marking the end of the biggest global stock market bull run in history. Other investors have made a great deal of money by ignoring the disillusion with equities and have stuck with the one investment class that has outperformed all others over time. In this incisive study Stephen Vines shows how stock markets operate in good times and bad and provides timely advice on how to benefit from the regular cycle of market panic and market boom. He provides some unusual answers to questions regularly asked by investors and shows why panics offer unique opportunities. Long held assumptions about the benefits of investment diversification are challenged and new ways of understanding the panic cycle are offered. Interviews with market professionals directly involved in handling some major stock crises provide a compelling insiders account of what actually happens when panics break out. This book also looks at ways in which stock markets are becoming more detached from the companies and economies they are supposed to represent and shows how this is building a new and more dangerous form of instability into the market system. This is a truly comprehensive study examining all aspects of the stock market panic phenomenon. Presented in readable, jargon-free form this book will be of interest to anyone who invests in stock markets and is interested in preserving their wealth.

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