Publisher's Synopsis
Lurking in the back of every investor's mind is the fear that the market will plunge, stocks will crash, and they'll be left penniless. Daily activity both on and off Wall Street is overshadowed by fearful speculation about if and when the next Big One will strike, sending global financial markets spiralling toward yet another catastrophe.;In this provocative, timely book, investment expert John Dennis Brown takes on the subject of market disasters - the least predictable, least understood, and, perhaps, most feared facet of investing today. He explains why bear market declines are a normal part of the market, probes the psychology behind precipitous market moves, and shows readers at all levels of investment experience how to deal with current high levels of uncertainty and protect their principal, portfolio, and profits.;"Panic Profits" is also packed with the historical lore of Wall Street's most dramatic reversals, from the Silver Scare of 1896 to the recent panic of 1987. From "gaucho speculations" to Russian Sputniks and oil scares, from presidents to railroad tycoons to scalawags, it shows who lost and who profited from stock dumped at sacrificial prices and how readers can develop the defences needed to fend off fear and strike gold while others panic.;Complete with expert analysis of the common causes and trigger events of sudden panics and changing bear markets, this guide reveals the real, bankable benefits and proven buying opportunities for smart investors looking to reap big profits from potential calamity.
