Additional information
by Jeffrey A. Hirsch (Author), Barry Ritholtz (Foreword by)
Prosper from the profitable opportunities of the next financial market super boom
In 1976, Yale Hirsch predicted a fifteen-year super boom--a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000. In Super Boom, Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac, unveils the next market expansion. Building on his father's research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets.
History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom.
- Examines how new cultural paradigm-shifting technologies, as well as peace between major wars, could fuel a super boom
- Discusses how the massive injection of money by the government, in response to the global financial crisis and the Great Recession, as well as wartime spending, will eventually create an inflationary environment
- The data and research found here is based on historical information and the boom-and-bust cycle of the past century
As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you'll benefit from the insights that only Jeffrey Hirsch can provide.
Front Jacket
SUPER BOOM
Jeff Hirsch delivers a 500% effort in Super Boom. Unless you're closed minded or comatose, there is a lot, lot more here than any investment reader can normally hope for. The visuals and data alone are worth many times the price.
--KEN FISHER, founder and CEO, Fisher Investments, Forbes Portfolio Strategy columnist, five-time New York Times bestselling author
Super Boom reminds the reader of the power of compounding. DJIA 38,820 by 2025 might sound like an outrageous level, but the implied sub-9% compound annual growth rate (following a decade of decline) makes the target appear more attainable. Within these pages, Jeff demonstrates that he has learned a lot from his father and has inherited the reputation as a renowned and respected market historian.
--SAM STOVALL, Chief Investment Strategist, Standard & Poor's Equity Research
As a kid I taught Jeff how to catch big rainbow trout in Montana. In Super Boom, he's returned the favor by showing us how to catch a monster stock market move. A must-read book.
--LARRY WILLIAMS, trader
Back Jacket
In 1976, Yale Hirsch predicted a fifteen-year super boom--a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000.
History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits.
In Super Boom, Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac, unveils the next market expansion. Building on his father's research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom, namely:
- Inflation--while it may be at bay for the time being, the massive injection of money by the government, in response to the global financial crisis and the Great Recession, as well as wartime spending, will eventually create an inflationary environment
- Peace between major wars--despite continuing violence in Iraq and Afghanistan, U.S. troop withdrawals remain on schedule, and military presence in these countries will be winding down over the next several years
- New enabling technologies--while no one can say for sure where the next cultural paradigm-shifting technologies will come from, energy technology and/or biotechnology could lead the way
As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you'll benefit from the insights that only Jeffrey Hirsch can provide and be in the best position possible to prosper from the profitable opportunities that lie ahead.
Author Biography
JEFFREY A. HIRSCH is the President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac. He worked with founder Yale Hirsch for fifteen years, taking over in 2001. He appears frequently on CNBC, CNN, Bloomberg, Fox Business, and many other national and international media outlets to discuss market cycles, seasonality, trading patterns, predictions, and historical trends. Hirsch also edits the firm's digital toolkit, Almanac Investor, a subscription-based product including investor alerts, market data, and research tools.
Visit www.stocktradersalmanac.com for Jeff's blog, information about market cycles, tools, research, and more.
