Saturday, November 24, 2012

Market Sense and Nonsense

I just downloaded this book "Market Sense and Nonsense - How markets really work (and how they don't) by Jack Schwager in my kindle.

I am a voracious reader, willing to read anything on Technical Trading. A new book by Schwager (Author of the New Market Wizards and more..) is a MUST read.

As I started the book, I started laughing - the first chapter of the book is about the financial media. It is titled -
                                      Expert Advice     
                               Comedy Central versus
                                           CNBC

Well, I did not read the chapter, just skimmed through it, because I wanted to share this piece of information on the blog. Whatever I read confirms my anticipation that the chapter will a humorous read, quite delightful, I hope.

As an example: the chapter refers to Jim Kramer (host of Mad Money) saying "Bears Stearns is fine,keep your money in it. The author says, six days later, Bears Stearns went under, filing for bankruptcy.

I think the book will be a wake up call for all analysts, including me. I will keep you posted on my reading.





4 comments:

Akash said...

HI, PLZ SHARE YOUR VIEW INDIA VIX INDEX & OPTIONS TRADE , GUIDE ME.

Dinesh Rishi said...

Thanks Sir

for reverting from Dynamic View

:D

Dinesh said...

Dear Sir,
Please allow me to quote a funny instance without naming the TV channel, the host and the experts. The host asked about the market direction. One expert advised to go long and the other advocated to go short. The host very professionally did his job in the end by repeating what both the experts advised. Now, what the poor viewer supposed to do except having a hearty laugh which I did.
Regards,
Dinesh

puru said...

In fact the anylists or experts of the stock market are as good as u or any one else is the fact is stock market knows no rule and has it's own mind