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You Can't Become Rich In Your Pocket Until You Become Rich In Your Mind | ||||
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Daily Reckoning Investment Advisory, Bill BonnerResources RECOMMENDED INVESTMENT NEWSLETTERS I would be remiss if I didnt tell you about my own newsletter, which has been published continuously for 38 years: International Harry Schultz Letter (also known as Harry Schultz Life Strategies). Mail to: HSL, PO Box 622, CH-1001, Lausanne, Switzerland. Subscription phone: (506) 234 0433, fax: (506) 234 0433 (thats in Costa Rica) and email: HSLmentor@racsa.co.cr If you wish to contact me personally please fax me at (377) 97 70 31 48 (thats in Monte Carlo) or email me at cameleon1@compuserve.com The Aden Forecast, Dept 874, PO Box 025216, Miami, FL 33102-5216, email: adenres@racsa.co.cr Offers general stock and metals analysis, plus currency commentary with charts. Currency Bulletin, John Pervical. Info: www.currencybulletin.com Sophisticated currencies (only) analysis. Daily Reckoning Investment Advisory, Bill Bonner. US phone: 800-433-1528, or (978) 514-7857 email: dailyreckoning.com Wide-ranging views and news on markets. Dick Davis Digest. US fax: 800 654-3659. Gives excerpts from various newsletters of stock recommendations. Dow Theory Letters, Richard Russell, PO Box 1758, La Jolla, California 92038, email: staff@dowtheoryletters.com Foremost theoretician for Dow Theory in its fullest measure. Conservative. Elliott Wave International, Robert Prechter, PO Box 1618, Gainesville, Georgia 30503, phone: (770) 536 0309, website: www.elliottwave.com Exceptional Elliott Wave specialist. FullerMoney, David Fuller, Suite 1.21, Plaza 535 Kings Road, London SW10 0SZ, UK, email: research@fullermarkets.com websites: www.fullermoney.com www.chartanalysts.com Highly-skillful chart analysis. Also produces charts. Gloom, Boom & Doom Report, Marc Faber. Fax Hong Kong: (852) 2526-0378 Zeroes in on economics and markets in essay form. Growth Stock Outlook, Charles Allmon, PO Box 15381, Chevy Chase, MD 20815. Stocks picks using fundamental analysis. Gold & Tech Stocks, J. Taylor, PO Box 770871, Woodside, NY 11377, phone: (718) 457 1426 Stock recommendations and strong gold advocacy essays. Investment Bulletin, J. and V. Heffernan, 1 Fern Dene, Clevelands, Ealing, London, W13 8AN, UK Covers British stocks in detail. Long & Short, G. Payne, 180 Cypress Club Drive, Pompano Beach, FL 33060 Stock recommendations, long and short. Fibonacci-oriented. McAlvany Intelligence Advisor, Don McAlvany, PO Box 84804, Phoenix, AZ 85071, phone: 800 528 0559 Outspoken, comprehensive commentary on economics, politics, morality. A gold advocate. The Granville Market Letter, PO Drawer 413006, Kansas City, MO 64141 Original-thinking stock-market technician. The Reaper, R. E. McMaster. Info: www.TheReaper.com Deep thinking on cogent economic/social matters plus specific futures/stock advisory. In keeping with our holistic approach to investing, we also recommend the following: Political Newsletters . The Conservative Caucus, Howard Phillips, 422 Maple Ave, E Vienna, VA 22180 Strongly conservative, no compromise. A principled political newsletter. . Straight Talk, Tom Anderson, Woodland Terrace, 300 Kildaire Woods Drive, Cary, NC 26511 A political newsletter with a libertarian viewpoint. He pulls no punches. Health Newsletters . Coleman Health Letter, PO Box 60, Barnstaple, Devon, UK. Is stridently anti-establishment. Is critical of the established medical and political hierarchy. . McAlvany Health Alert, PO Box 849C4, Phoenix, AZ 85071, fax: 602 943 2363, phone: 602 252 4477 Most in-depth newsletter analysis of health problems available. BOOKS Basic Market Know-How and Technical Analysis . Technical Analysis of Stock Trends, by Robert D. Edwards and John Magee, first published in 1948. It is a difficult read, but remains the classic on technical analysis. 8th edition, St Lucie Press, 2001. The body of the book has not been changed, though new material has been added. . Technical Analysis Explained, by Martin J. Pring, McGraw-Hill, 1991. This is an excellent book for those wanting a basic guide to using technical analysis. Studies on recurring events in economics and the stock market. . Forbes Guide to the Markets, by Marc M. Groz, Wiley, 1999. This is an excellent investing 101, both for the novice investor and for those investors who during the 1990s learned the technology of investing without understanding the principles behind the technology that enables people to make sound investment decisions. . The Intelligent Investor, by Benjamin Graham, Harper Business. The classic on value investing. Written decades ago, but still in print. Graham was Warren Buffets mentor. Books on the History of Market Action . Rainbows End, The Crash of 1929, by Maury Klein, Oxford University Press, 2001. Tells the story of the events leading up to 1929 and its aftermath in a straightforward manner. . Modern Times, by Paul Johnson, Harper Collins. Though not specifically about markets, includes economic history from the 1920s to the 1990s. . Extraordinary Popular Delusions & the Madness of Crowds, by Charles Mackay, originally published in 1841, was reissued by Three Rivers Press in 1980. . Manias, Panics, and Crashes, A History of Financial Crises, by Charles P. Kindleberger, Wiley, 4th edition, 2000. The 1990s Bubbles and Crises in the US and in Asia . Irrational Exuberance, by Robert J. Shiller, Princeton University Press, 2000. An in-depth analysis of the US market in the 1990s to show why the bull market could not be sustained. . The Internet Bubble, by Anthony B. Perkins and Michael C. Perkins, Harper Business, 1999. An insiders view into the world of Silicon Valley and why so many of the new high-tech companies were bound to collapse. Sobering reading. . The Downsizing of Asia, by Francois Godement, Routledge, 1999. Most investors have little concept of how close Asia came to toppling the entire world economy during the 1990s. Indeed, if their crises had not occurred when prosperity was booming in the West, it is likely they would have caused a tidal wave across the world. If similar problems occur during the next few years while Western economies contract, it could indeed be wicked. . Japan, A Reinterpretation, by Patrick Smith, Vintage Books, 1998. This book picks up the same theme as the one above, except it concentrates only on the problems in Japan. Is must reading to understand how potentially serious Japans continuing economic problems are. . Asia in Crisis, by Philippe F. Delhaise, Wiley, 1998. Another sobering account of the implosion of the banking and financial systems in Asia during the 1990s. Cycles and Recurring Events . The Great Wave, by David Hackett Fischer, Oxford University Press, 1996. As stated in our chapter on cycles (Chapter 10), I do not believe that events recur in a mathematically measurable way. David Fischer prefers to call them waves rather than cycles, and has created a fascinating study of five great economic waves of history beginning in 1200. In 1996, he was already warning that we seemed to be coming to the end of a long-term up-wave. The Psychology of Investment . Investment Psychology Explained, by Martin Pring, Wiley, 1993. . The Crowd: A Study of the Popular Mind, by Gustave LeBon, Cherokee, 1982. Books about Holistic Economics . Friedrich Hayek, a Biography, by Alan Ebenstein, St Martins Press, 2001. . The Wealth and Poverty of Nations, by David S. Landes, W.W. Norton, 1998. . The Economics of Life, by Gary S. Becker and Guity Nashat Becker, McGraw-Hill, 1997. . The Fourth Great Awakening & The Future of Egalitarianism, by Robert W. Fogel, University of Chicago Press, 2000. . The Invisible Heart, An Economic Romance, by Russell Roberts, The MIT Press, 2001. . The Road to Serfdom, by F.A. Hayek. SOFTWARE AND DATA VENDORS There are dozens of information sources out there, and many of them offer their services for free. But, be careful: you tend to get what you pay for. Among my personal favorites are: . Data Broadcasting Corp. (DBC) (800) 527-0722 x 719. DBC provides real-time market data to the individual investor. DBC transmits quotes on 65,000 stocks, options, and commodities. . Dial/Data (718) 522-6886. Since 1972 has offered daily and historical prices for all types of securities for US, Canada, Europe, and the Pacific Rim. . Omega Research 800-422-8587. Software vendor of Supercharts. . Media General Financial Services, PO Box 85333, Richmond, VA 23293, fax: (804) 649-6739, web site: www.mgfs.com They provide a range of data services. Their Constant Dollar Dow chart is reproduced on pp. 150-151 of this book. MAGAZINES AND NEWSPAPERS . Wall Street Journal, Barrons. Both offer mainly US financial and economic news and many of the statistics we talk about in this book. Available on most newsstands, and around the world in major cities. . The Economist. A weekly magazine published in London, offering a global overview of world news from a European perspective. Even if you dont invest in Europe, the different perspective on US and world news is worth reading. Most local newsstands carry it in major cities. Access via net: www.economist.com . Financial Times. A quality British daily financial newspaper that offers a European perspective on both US and world events with particular reference to how they affect markets. It publishes US and non-US market data on a daily basis. Major US and world newsstands usually carry it. You can access their web site at: www.ft.com . Investors Business Daily (a 5-star paper), PO Box 6114, Inglewood, CA 90312-6114, phone: 800 831 2525. Packed full of market data, charts, and information on companies, as well as major news stories. In addition to its being a daily newspaper, the company also publishes stock charts. Sadly, its not sold outside the US. CHART SERVICES . Value Line Publishing, 220 East 42nd Street, 6th Floor, New York, NY 10017, www.valueline.com Provides information and charts on stocks, both online and in paper form. . Securities Research Company, phone: (877) 388-4502. Publishes Security Charts, both in book form and online. |
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