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Martin Zweig's Winning on Wall Street, by Martin Zweig
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Arthur Zweig is the publisher of the influential, trend-spotting Zweig Forecast. Now in this new edition Zweig adds the latest numbers to his classic investment primer and evaluates their impact on the challenging market at the turn of the century.
- Sales Rank: #538253 in Books
- Brand: Martin Zweig
- Published on: 1997-06-01
- Original language: English
- Number of items: 1
- Dimensions: 7.99" h x .69" w x 5.00" l, .77 pounds
- Binding: Paperback
- 304 pages
- ISBN13: 9780446672818
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
From Publishers Weekly
Financial adviser and Wall Street Week TV panelist Zweig has been fascinated by the stock market since childhood, he tells usnot industry or commerce as such, but the buying and selling of stocks to make money. He has evidently made a lot of it, and has won the confidence of readers of his financial newsletter. Zweig is more enthusiastic about the intricacies of his "technical" stock market approach than he can expect the average investor-reader to be. Nevertheless, he has produced here a clear and detailed analysis of market trends, interest rates, Federal Reserve policy, debt volume, market "momentum," etc., that seems to carry the technical side of stock-market theory as far as it can go. The result is a sure-fire system for beating the marketprovided you make no mistakes.
Copyright 1986 Reed Business Information, Inc.
From Library Journal
Zweig's "proven methods for market forecasting and stock selection" are presented in a simplified version of the approach he uses in his Zweig Forecast newsletter calculations. Tables show how well an investor would have done by following the buy or sell signals for his Super Model, which is constructed of various "monetary" and "momentum" indicators. He also subjects his decisions to "sentiment" and "seasonal" indicators. Scan earnings reports, he advises, be flexible, have patience and discipline, set stop orders, and "don't fight the tape." The drawback, common to all such systems, is that transaction costs and taxes are ignored. Nor does Zweig's claim that his model can be accomplished on one transaction per year square with his admonition to diversify into several stocks. On balance, however, the concepts are clearly presented, and his success will probably create a demand. Alex Wenner, M.L.S., Bloomington, Ind.
Copyright 1986 Reed Business Information, Inc.
Most helpful customer reviews
13 of 14 people found the following review helpful.
Excellent proven way to win on Wall Street
By Steve Burns
I purchased this book because the AAII 8 year study of different strategies showed Zwieg's returning 1,659.3% from 1998-2005. He was #1 out of 56 others, including Buffett, Lynch, Fisher, O'Neal's CAN SLIM, Motley fools, and using ROE, P/E's etc. Second place was O'Neal's CAN SLIM with a 860% return, which is the strategy I use. This study got my attention.
Zweig is a rare mix, he was previously a finance professor, (He holds many degrees in finance). He is a successful trader in his own right. He is the chairman of a very successful closed end fund and a mutual fund, and publishes one of the most successful newsletters the Zwieg Forecast.
His super model for stock market timing focuses in on timiming for entries and exits based on monetary policy and market momentum. He uses the prime rate, Fed rate, and installment debt as factors to judge the markets performance. He also uses market momentum indicators like advance decline ratios being greter than 2 to 1, up volume being at a 9-1 ratio. He also discusses simplyfing into entering on a 4% advance and selling after a 4% decline. He puts these factors together to create a point valued timing system that was close to perfect during the past 30 years predicting the trend. He shows the performance of each factor in real historical data.
He favors value combined with growth and to stay away from huge P/E ratios, and diversifying your portifolio across at least 5 stocks in different industries. Which is great advice for investors. (I am a stock trader so I play the market differently, but use this in my 401K).
He does believe in using a trailing stop loss on your stocks to limit losses to 10-20%. He also does the best job I have seen explaining short selling and how it is the same amount of risk as going long. Excellent book I put it at the top of the list in my library of 75 trading books. A must have for all serious investors/traders.
0 of 0 people found the following review helpful.
Definately one of my top 5 favorite investment books.
By Amazon Customer
I have read this book several times in past decades and repurchased it a couple months ago (around Feb. 2016). I love the way Mr. Zweig thinks. He ran one of the most successful newsletters ever. I haven't been able to find copies of them but have read third person reviews about them and have read several comments from Mr. Zweig about them. This book gives an excellent example of several simple things you can do to create a system for managing your portfolio. It amazes me how accurate his ideas still are.
0 of 0 people found the following review helpful.
and probably useful information to have
By R. Yurick
Kind of unscientific in it's approach (by that I mean most of his methods are based on studying the charts rather than fundamentals); however, it's interesting, a quick read, and probably useful information to have. Zweig writes in a conversational style and boils down the science of investing to several "buy" or "sell" signals. It's all based on the market as a whole, not individual stocks.
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