CYCLES AND STOCK MARKET RECORDS

AN English economist whose unaffected humanity always made him remarkably readable, the late William Stanley Jevons, propounded the theory of a connection between commercial panics and spots on the sun. He gave a series of dates from the beginning of the seventeenth century, showing an apparent coincidence between the two phenomena. It is entirely human and likable that he belittled a rather ugly commercial squeeze of two centuries ago because there were not then a justifying number of spots on the sun. Writing in the New York Times early in 1905, in comment on the Jevons theory, I said that while Wall Street in its heart believed in a cycle of panic and prosperity, it did not care if there were enough spots on the sun to make a straight flush. Youth is temerarious and irreverent. Perhaps it would have been more polite to say that the accidental periodic association proved nothing, like the exact coincidence of presidential elections with leap years.

Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left)

LINK

http://bikibook.com/books/the-stock-market-barometer/

EMBED

<iframe frameborder="0" scrolling="no" style="border:0px" src="http://bikibook.com/books/the-stock-market-barometer/" width=500 height=500></iframe>

[!] Report this post

Processing your request, Please wait....

Report as:	Book Not Loading Properly Some Pages Are Missing (pls provide page numbers) Embed Link Doesn\'t Work Invalid Contents Other
Write in Words: (Optional)

Related posts:

1. Twenty-One Years in the Boston Stock Market by Joseph Gregory Martin PREFATORY REMARKS In the present work the compiler has aimed...
2. The Stock Exchange Business, A Course of Study with References Please Activate the Full Screen Mode for Better Viewing Pleasure...
3. Wall Street and The Country A Study of Recent Financial Tendencies – By Charles A. Conant PREFACE The essays contained- in this volume were written for...
4. The Stock Exchange – A Short Study of Investment and Speculation by Francis Wrigley Hirst INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century...
5. Stocks and the Stock Market With the development of large-scale machine production it was only...

Tags: financial markets, Investment, investments, market, Personal Finance, speculation, stock market, stock markets, trading