MARKET PANIC 市场恐慌

出版时间：2004-12  作者：Stephen Vines  页数：266  

内容概要

An engaging book that offers a comprehensive and provocative analysis of the market panic phenomenon.    Why are stock markets regularly gripped by panics? What gives rise to these panics? Are markets becoming more panic-prone? In Market Panic, leading market commentator Stephen Vines provides some unique answers to these questions and shows why panics offer incredible opportunities to stock market investors. He challenges some long-held assumptions about the benefits of investment diversification, offers new ways of understanding the panic cycle, and demonstrates how to predict the onset of panics. Vines also looks at how stock markets are becoming detached from the companies and economies they are supposed to represent, thus building a new and more dangerous form of instability into the market system.作者简介：    Stephen Vines has been writing about markets and business for more than two decades. He was the Deputy Business Editor of the Observer and has worked for the Guardian, Independent, Daily Telegraph and the New York-based Daily Deal. More recently he has combined writing with founding and running a number of companies and learning a lot more about how business really works. He is also an active stock market investor and has provided consultancy services to a number of listed companies. Now based in Hong Kong, he is the author of The Years of Living Dangerously, a best-selling book that examined the Asian financial crisis of the late nineties. Stephen Vines was the founding Chief Editor of Eastern Express, a groundbreaking daily newspaper published in Hong Kong.

书籍目录

Acknowledgements  List of Figures  Preface  Chapter 1 Preparing for panics and profiting from them   Bear markets yield the biggest gains  Bring on the crises  Buying panics  Why are investors bargain-averse?  A simple strategy for success  Booms and bubbles  Identifying crashes and panics  Teling signs  Learning from history  Professionalism,Oscar Wilde and the conducting of orchestrasChapter 2 Types of panics    Phoney panics  Self-induced or end-of cycle panics  Contagious panics  Real panics  Panics follow the market's own biarre logicChapter 3 The panic cycle    Panics get bigger,more unpredictable  Volatility  Looking for causes of boom-and -bust cycles  Stages of the cycle  Government attempts to cope with panics  This time,will it be different?  New world-new crashes  Dubious practices and crooks move in  More a case of neglect than fraudChapter 4 A new age of panics  Chapter 5 The trader and the fund manager  Chapter 6 The psychology of panics  Chapter 7 Does diversification provide protection against stock market fluctuations? Chapter 8 Is the market always right? Chapter 9 Opportunity  Notes  Select Bibliography  Index