Desperation and Hope. Market turbulence, risks and opportunities

Author: Stephen W. Hayes (USA)
Publisher:
Publish Date: 2006-10-01
Features: "Busts and panics are the ugly sisters of prosperity," Stephen W. Hayes said. Looking back at the history of the securities industry for over 100 years, few have provided a comprehensive summary and analysis of stock market panics. Today, with the impetus of globalization, financial derivatives, and modern information media, the new era's market panic is more contagious and destructive. Stephen W. Hayes' book Extremes and Opportunities—Market Turmoil, Risk, and Opportunity fills this gap. The book takes stock market panic as a topic, thoroughly researching the causes and processes of stock market panics over the past 100 years, the types and historical evolution of panics, the consequences of panics, and the opportunities they bring. From this perspective, it explains the irrational operations of the stock market and the methods investors can use to achieve the best profits. Mainstream financial and economic publications in Europe and America have given the book positive reviews... "Busts and panics are the ugly sisters of prosperity," Stephen W. Hayes said. Looking back at the history of the securities industry for over 100 years, few have provided a comprehensive summary and analysis of stock market panics. Today, with the impetus of globalization, financial derivatives, and modern information media, the new era's market panic is more contagious and destructive. Stephen W. Hayes' book Extremes and Opportunities—Market Turmoil, Risk, and Opportunity fills this gap. The book takes stock market panic as a topic, thoroughly researching the causes and processes of stock market panics over the past 100 years, the types and historical evolution of panics, the consequences of panics, and the opportunities they bring. From this perspective, it explains the irrational operations of the stock market and the methods investors can use to achieve the best profits. Mainstream financial and economic publications in Europe and America have given the book positive reviews. The book adopts a unique perspective—how to make money in a weak market, how to face market panic—therefore, it stands out and is highly targeted. The author provides different answers to some common questions for investors, points out why panics bring unique opportunities, and proposes new ways to understand the market panic cycle. Additionally, the book includes interviews and insider reports from market experts who directly intervened in major stock crises, which to a large extent show the real situation during panic episodes.