Peter Atwater has used his exclusive 'Horizon Preference' approach to help top asset managers, major endowments, and hedge funds map changes in social moods to shifts in the markets and to identify huge new market opportunities. Now, he shows serious investors how to use the same powerful techniques these top global investors already rely on.
Building on insights from Elliott Wave Theory and Robert Prechter's work in socionomics, Moods and Markets shows how we naturally narrow our physical, time, and relationship horizons to the 'local' in bad times and widen them to the 'global' in better times. Atwater's easy-to-understand framework helps investors quickly identify the direction of social mood and the markets using readily available, but frequently overlooked, clues from the world around us. To Atwater there is no coincidence to the Occupy Wall Street movement, The Hunger Games, Downton Abbey, farm-to-table dining, and the rise of Facebook with our volatile stock markets today. Moods and Markets explains why.
Through numerous recent real-life examples, readers will gain deeper insights into short-and long-term investment trends in virtually every key market sector. Along the way, Atwater helps you to identify the consistent mood-based characteristics of market turning points that don't show up in conventional analysis - and that can disastrously impact your portfolio if you miss them.
Moods and Markets Explains:
| Foreword | p. xix |
| Introduction | p. 1 |
| Understanding Social Mood | p. 11 |
| Mood Defined | p. 12 |
| Mood Versus Emotion | p. 14 |
| Confidence and Our Perceptions of Certainty | p. 15 |
| The Continuum of Social Mood | p. 20 |
| Individual Versus Social Mood | p. 24 |
| Measuring Mood | p. 25 |
| Social Mood and the Media | p. 28 |
| Mood Groups | p. 31 |
| Final Thoughts | p. 32 |
| Horizon Preference: How Mood Affects Our Decision Making | p. 33 |
| The Horizon Preference Continuum | p. 35 |
| Logical Decision Making in Periods of Rising Social Mood | p. 39 |
| Logical Decision Making in Periods of Falling Social Mood | p. 45 |
| Opportunities During Declining Social Mood | p. 50 |
| Final Thoughts | p. 52 |
| Market Peaks and All the Red Flags | |
| They Wave | p. 55 |
| The Concept Stock Bubble | p. 56 |
| Big Truths | p. 58 |
| Abdication of Risk Management | p. 59 |
| Organizational Complexity | p. 61 |
| Novice and Naïve Entrants | p. 62 |
| Credit, Architecture, and Other Signs of the Top | p. 63 |
| Why Investment Peaks Are Different | p. 68 |
| After the Peak | p. 70 |
| Final Thoughts | p. 71 |
| A Social Mood Journey Back Through the Housing Bubble | p. 73 |
| Modern Housing Finance | p. 75 |
| A Big Truth | p. 78 |
| Abdication of Risk Management | p. 78 |
| Organizational Complexity | p. 80 |
| Novice and Naïve Entrants | p. 82 |
| Excessive Credit and Architecture | p. 83 |
| Final Thoughts | p. 84 |
| Is Higher Education a Bubble? | p. 85 |
| A Big Truth | p. 85 |
| Abdication of Risk Management | p. 88 |
| Organizational Complexity | p. 91 |
| Naïve and Novice Participants | p. 91 |
| Excessive Credit | p. 92 |
| Architecture | p. 93 |
| Final Thoughts | p. 95 |
| Signs of a Bottom in Social Mood | p. 99 |
| Extreme "Me, Here, Now" Behaviors | p. 100 |
| Hoarding Behaviors | p. 101 |
| Acts of Sacrifice | p. 104 |
| Event Versus Cycle Lows | p. 108 |
| The Market Low of 2002 | p. 109 |
| The Market Low of March 2009 | p. 110 |
| The Market Bottom of 1932 | p. 112 |
| Seeing Major Market Bottoms in Real Time | p. 113 |
| Social Mood and Invention | p. 115 |
| Final Thoughts | p. 120 |
| Cooking the Books: Corporate Earnings and Social Mood | p. 121 |
| Mood-Driven Accounting Principles | p. 122 |
| Mood-Driven Management Judgments | p. 125 |
| Mood-Driven "One Time" Charges | p. 130 |
| Final Thoughts | p. 133 |
| Social Mood and the Markets Today: So Where Are We? | p. 135 |
| Modern Day Extremes in Social Mood | p. 139 |
| Communication and Transporation Innovations and Peaks in Social Mood | p. 141 |
| 2000 to 2012: Deteriorating Mood | p. 142 |
| Plotting Social Mood | p. 145 |
| A Long-Term Perspective on Social Mood and Stock Multiples | p. 148 |
| Social Mood and the Evolution of Major Corporations | p. 150 |
| Peak Social Mood and Sovereign Debt | p. 154 |
| Final Thoughts | p. 156 |
| Using Horizon Preference No Matter Your Long-Term view | p. 159 |
| Your Long-Term View | p. 159 |
| Final Thoughts | p. 166 |
| Final Thoughts | p. 169 |
| Bibliography | p. 171 |
| Index | p. 175 |
| Table of Contents provided by Ingram. All Rights Reserved. |
ISBN: 9780132947213
ISBN-10: 0132947218
Series: Minyanville Media
Audience:
General
Format:
Hardcover
Language:
English
Number Of Pages: 208
Published: 7th January 2013
Dimensions (cm): 22.9 x 15.2
x 1.8
Weight (kg): 0.328