Ned Davis

Being Right or Making Money (eBook, ePUB)

• Format: ePub

Produktbeschreibung

STAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUT THE FUTURE AND TRUSTING TECHNIQUES THAT WORK Today there are as many investment opinions as there are people. But as many a scorned investor can attest, predicting the future isn't easy. In fact, Being Right or Making Money, Third Edition explains that reliably predicting the future is often not even possible. The good news is that it isn't necessary either. Once you stop trying so hard to be right about the future, you can start making money. Being Right or Making Money, Third Edition contains a position trading strategy that any serious investor will want to keep nearby. Using the unbiased, objective standard in this book, you can stay on-target for profit in all market conditions. You'll learn how to create asset allocation models in both stocks and bonds, how to make sense out of contrarian opinion, and how to use indicators to keep you focused, no matter what. You won't find any shock-and-awe investing tactics in this book. Instead, Being Right or Making Money, Third Edition presents the solid trading model that has made Ned Davis Research Group a go-to source for market wisdom.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 256
• Erscheinungstermin: 1. Oktober 2014
• Englisch
• ISBN-13: 9781118996591
• Artikelnr.: 41740315

Autorenporträt

NED DAVIS is Senior Investment Strategist and founder of Ned Davis Research Group (NDRG) and is widely quoted by media and Wall Street sources. He has been professionally involved in the stock market for over 40 years.

Inhaltsangabe

Foreword xi Preface xv Acknowledgments xvii CHAPTER 1 Being Right or Making
Money 1 Ned Davis Bad News about Forecasting (Being Right) 1 Good News
about Making Money 5 Being Right and Other Investment Techniques Are
Overrated and Are Not the Keys to Success 6 The Four Real Keys to Making
Money 7 The Battle for Investment Survival and Handling Mistakes 12 Stories
of Five Successful Winners 14 Making Our Own Reality 19 The Ned Davis
Research Response to All This 22 Timing Models 23 What Is Contrary Opinion
and How to Use It 29 History and Risk Management 32 The Rest of the Book 36
Notes 39 CHAPTER 2 The Model-Building Process 41 Ned Davis The
Model?]Building Process 41 Where to Start: Model Inputs 41 Sentiment and
Valuation Indicators 42 Monetary Indicators 43 Economic Indicators 47
Internal Indicators 47 Moving Averages 48 Crossings and Slopes 49 Momentum
54 Putting Indicators Together 55 Conclusion 57 CHAPTER 3 A Stock Market
Model 59 Loren Flath A Stock Market Model 59 Overview of the Fab Five 63
Tape Component 64 The Final Tape Component 73 The Sentiment Component 74
Sentiment Summary 87 The Monetary Model 87 Monetary Component Summary 96
Fab Five Combo Component 97 Combo Model Summary 103 Summing Up the Fab Five
104 How We Use the Fab Five 104 CHAPTER 4 A Simple Model for Bonds 105
Loren Flath A Slight Modification 109 Summary 113 CHAPTER 5 Potential Bear
Market in 2014; Bearish Secular Residue and Then Buying Opportunity 115 Ned
Davis Preparing for a (Say, 20 Percent) Bear Market 115 Sentiment and
Valuation Indicators, If One Wanted to Be Bearish 115 Other Sentiment
Indicators 120 Valuation Problems 124 Trend Indicators to Plan for a
Potential Pullback--Follow the Leaders 130 More Leading Indicators of
Market Peaks 132 Four?]Year Presidential Cycle Risks 136 Macro Backdrop:
Debt Bubble Update 139 Watching Fed Policy to Prepare for a Major Pullback
in 2014 147 What Do Demographics Say? 151 CHAPTER 6 The Aging World:
Economic and Market Implications 155 Alejandra Grindal Global Population
View 155 Why Is the Population Getting Older? 159 Demographic Developments
161 Implications of Aging Populations 165 Ways to Offset a Declining
Workforce 172 Conclusion 177 CHAPTER 7 United States Energy Independence -
A Game-Changer 179 John LaForge What the United States Consumes 181 The
Thorn in the Side of Energy Independence--Oil and Transportation 183
Choosing the Right Fuel 195 Why Electric Could Be a Game-Changer 198 Why
Electric Has Yet to Take Off 199 How Far Ned Could Go 200 Nat Gas--An
Indirect Play on Electric 202 The Immediate Impact of Abundant U.S. Energy
Resources 209 A Potential Headache for the U.S. Manufacturing Resurgence
212 Conclusion 215 About the Authors 217 About the Contributors 219 Index
223