Book Picks

Meltdown: A Free Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

by Thomas E. Woods, Jr.

Since the fall of 2008 — as the stock market plummeted, companies folded, and millions were put out of work — Americans have been bombarded with a relentless refrain: the free market economy has failed. The remedy? According to Barack Obama, the late Bush Administration, Democrats and Republicans in Congress, and the mainstream media, it’s more regulation, more government intervention, and more spending. But now, in Meltdown: A Free Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, bestselling author Thomas E. Woods Jr. demonstrates that the current crisis was caused not by the free market but by the government’s intervention in the market — and that further intervention in the form of trillion-dollar bailouts and “stimulus packages” will only deepen and prolong the pain….read more by clicking here

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Secrets for Profiting in Bull and Bear Markets

While walking in my community, I encountered my friend and neighbor, Larry Walters. Larry told me about a book he just finished reading, Secrets for Profiting in Bull and Bear Markets by Stan Weinstein. He said it really helped him get “on the right side of the trade” much more often. So, I picked up a copy myself.

While Secrets for Profiting in Bull an Bear Markets was written in 1988, its approach is still valid. Weinstein offers a simple set of rules to interpret charts, including a 30-week moving average to identify trend, and visual identification of a “basing area” (what OTA graduates know as a demand zone or supply zone). 

Weinstein also goes into timing — when to buy,when to sell, and common mistakes with shorting. The book quizzes you at the end of each chapter – a good way to find out if you really “got it”. I found this book easy to read and a great addition to my trading/investing library.

Who else has read Secrets for Profiting in Bull an Bear Markets? What did you think of it?