The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down
- ISBN13: 9780470383780
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Written by seasoned Wall Street prognosticator Peter Schiff–author of the bestselling book Crash Proof: How to Profit from the Coming Economic Collapse–The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.
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Well as my title say, Amazon must think theyre perfect because i cant even complain to them that this book hasnt arrived and yet i recieved this email to review the book 2 weeks ago!!! Well ive given it 2 weeks since then. I still dont have my book Amazon how the hell am i meant to review it????
Rating: 1 / 5
The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down
This is what I do not understand– The rest of the world is waiting for 13 trillion us dollars that are going to be paid in Monopoly money.
It seems to me that the US gets the better part of this deal.
We will be a great place to invest in as more jobs will come back here as the dollar collapses. American workers are competitive on a world scale.
So even thought much of what the book says about the falling dollar is true, I cannot understand how that is bad for America and good for countries we owe money to.
The best advice in this book is to get your money out of the dollar. The worst seems to be to invest it in other countries that are about to go unstable. Look what happened to the French when the US did not pay them back after the American Revolution. It destabilized their whole country for over a century.
I wish someone could explain why getting bamboozled out of Trillions of dollars is going to be great for the economies of other countries.
Rating: 2 / 5
The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down
Just as a quick intro on my background and financial knowledge: I have been investing for over 15 years, and also worked for Merrill Lynch as a financial consultant many years ago. After seeing this book on the Amazon’s bestsellers list, I was expecting to gain some insightful knowledge on investing in a down market. However, after having read this book (which I felt was waste of my precious time) I was compelled to write this review to warn potential readers so that they would save their time and money.
Overall, the author does an unsatisfactory job of addressing the main topic: How to keep your portfolios up when the market is down. Instead of providing facts and data to support his theory, Shiff spends much of his time on personal predictions based on the assumption that the US economy is destined for doom. He has a chapter “Pack Your Bags” dedicated to how or why you should move out of the US. And if that was not enough, there is a subsection on “Immigration Laws”. Below quotes from the book should further clarify my disappointment with this book:
[Page 258]
“… If Obama wins, however, while the economy will fare even worse, it will at least be clear that big government is to blame. By the end of Obama’s term, the voters will have had such a bellyful of noxious government solutions that the mere thought of any more will put them squarely at the …”
[Page 68: Second Full Paragraph]
“The fact is that stocks, unlike cash and bonds, which have no intrinsic value, represent ownership of assets - real stuff - and therefore have some value, assuming the issuing company remains viable and there is some kind of market in which the assets can be exchanged for value. Of course, that value will change for better or worse as the economics crisis plays out.
[End of paragraph]
Stay away from this one, and try the following books for solid education in investing: Random Walk Down Wall Street, and One Up on Wall Street. For solid well written books on economics, try Paul Krugman. His books provide plenty of relevant facts and data supporting his ideas.
Rating: 1 / 5
The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down
i was dissapointed at the sample that the kindle version provides. it goes on and on with copy right notices, forewards, promos for other books in the series, and then finally at the end gets to one page title ‘author’s note’. after that the sample ends. i would have liked to see the table of contents and the first chapter of the book
Rating: 2 / 5
The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down
The biggest problem I have with this is when Peter Schiff equates the fact that back in the 1930’s the price of an ounce of gold was the same as the price of the Dow that today the price of gold is going toward the price of the Dow. The Dow is currently about 10 times the price of an ounce of gold.
The main problem with this argument is that an ounce of gold in 1930 is going to be the same ounce of gold today. But the 30 large companies that comprised the Dow in 1930 have been replaced by 30 (mostly different) very much larger companies today. The companies that comprise the Dow have revenue, earnings, etc. that dwarf their 1930 counterpart. In fact, it would not be a stretch to take the Dow 30 of 2009, split each one of them up into 100 companies, and then compare the new Dow 3000 of 2009 to a similarly sized group of Dow 30 companies from 1930. That is the reason the Dow is worth ten times gold today whereas the Dow traded at the same price as gold in 1930, not because the Dow is over-inflated paper money. The Price to Earnings ratios of the Dow hasn’t gone from 10 in 1930 to 100 in 2009. No, it has gone up and down, but has been pretty constant.
This basic fact has turned me off to Peter Schiff’s whole theory and seriously makes me question his firm Euro Pacific, which he shamelessly plugs in the book.
I will say that diversifying into foreign markets may be a wise idea, but I can’t whole-heartedly recommend some of his ideas. Emerging markets is in a bubble IMHO. I might put a tiny fraction (1-2%) of my portfolio in Emerging Markets, but I would say it is highly speculative. I would probably lump Russia in with African countries in regards to their status as an Emerging Market because Russia has had a huge run-up in their stock market that a healthy drop in 2008 has not come even close to providing a full correction that is warranted.
Rating: 3 / 5
The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down