Forecasting Financial Markets

"Forecasting Financial Markets" provides a compelling insight into the psychology of trading behavior and shows how "following the herd" can have disastrous results. It demonstrates how one's ability to make money in the world's financial markets depends critically on an ability to make decisions in [...]
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"Forecasting Financial Markets" provides a compelling insight into the psychology of trading behavior and shows how "following the herd" can have disastrous results. It demonstrates how one's ability to make money in the world's financial markets depends critically on an ability to make decisions independently of the crowd. Taking the author's latest research into account, this book provides an in-depth assessment of the phenomenon of cycles, patterns of economic and financial activity, and how to use cycles as a forecasting tool. It includes Plummer's forecasts for when the global economy will emerge from its current downturn.