Product Description

How stockmarkets have behaved in the past and how to analyse their future behaviour. This book is about how to analyse the way markets are likely to behave and it combines the two approaches used by market analysts: technical analysis, which is based on the belief that price reflects everything that is known about a particular market; and fundamental analysis, which takes into account all kinds of factors in order to determine the correct price of an asset. It is in four parts: • A kind of global overview, at the heart of which is an examination of the business cycle, including how the 50-year Kondratieff, 10-year jugular and 4-year Kitchin waves fit together • How stockmarkets are affected by the cycles and seasonal and secular trends • How to identify sectors and stocks to invest in • Future stockmarket drivers - an analysis of some of the innovations, such as fuel cell technology, that will power the next upward leg of the cycle

Product Details

• Amazon Sales Rank: #84198 in Books
• Published on: 2006-09-07
• Original language: English
• Binding: Hardcover
• 144 pages

Review

• 'A fascinating and highly readable book from Deborah Owen and Robin Griffiths - who has long been the City's doyen of technical analysis' Roger Bootle - Managing Director, Capital Economics
• 'It spells out where you should invest to profit... essential reading for all investors' John Murphy - author of Technical Analysis of the Financial Markets and Intermarket Analysis

About the Author
Robin Griffiths has worked in the financial markets since 1964 in London, Japan and New York, and is now Head of Asset Allocation at Rathbones, a leading UK investment firm. He is a regular commentator on Bloomberg news and has been Chairman of the British Society of Technical Analysts.

Customer Reviews

A MUST read for all investors
It is a privilege to commend this book to the great multitude of investors, traders and analysts, who are eager to enhance their knowledge of the global financial markets - whether in equities, currencies, interest rates or commodities.

"Mapping the Markets", the brainchild of two well-known practitioners in the world of technical research; Deborah Owen and Robin Griffiths, amalgamate the disciplines of economic and technical analysis, showing how investors can position themselves to benefit from both specialties.

The authors expound on the work of Joseph Schumpeter - this being the backbone of their methodology - and illustrate how Schumpeter's 'three-cycle schema' culminate in trends in the stockmarket that last for generational periods of time (secular timeframes) or in cycles of shorter duration. Particularly interesting is the revelation of the four-year cycle in the US stockmarket, otherwise dubbed the Kitchin cycle in Schumpeter's work, and is shown to have become phase-locked with the US presidential-election cycle.

At the microscopic level, the authors share a unique system for identifying Stocks and conducting top-down analysis that begets from the four-year cycle. The methodology aims to identify the strongest trending markets and stocks based on short, long and relative strength trends and is particularly useful for determining sector rotation within the business cycle. Having applied this analysis, they illustrate simple chart patterns that can be utilised in conjunction with this methodology to sharpen market timing.

On another note, the book is instrumental in revealing how more esoteric
concepts like demographics and natural resource allocation are key in paving the economic destinies of countries and is apropos in interpreting China and India's boom story.

Finally, it is worth highlighting that the primary strength of this book is separating the wheat from the chaff to provide a no-nonsense approach to deciphering financial markets in their changing landscapes.

I only wish that I had this book ten years ago!

Ron William - Bloomberg

A Comprehensive insight into market mapping and cyclical drivers
As an avid reader, I love a book when it adds to my knowledge of a particular subject and that I can imbue something from it in my own treatment of the issue at hand. On reading Mapping the Markets, I was suitably impressed by the authors' grasp and lucid explanation of economic and technical analysis and business cycles.

The book is essentially spread over four parts - Tools for mapping the markets, Long-term cyclical drivers, Downward phases of the cycle and Taking market bearings. This is followed by the authors' conclusion. They give their sound take on how the markets are likely to behave based on technical analysis and fundamental analysis, with the latter taking a broader approach to asset pricing.

The treatment of the business cycles, (the 50-year Kondratieff, 10-year jugular and 4-year Kitchin) is one of the best and well gelled that I have read. Some of the authors' take is very informative and you are unlikely to hear analysts on business news channels do justice to how stocks are affected by the cycles to the extent the authors have. After all print is a medium for detail, and detailed is exactly what this book is.

Adding value to the content is the authors' treatment of demographics and natural resource allocation while attempting to fathom China and India's economic boom. Chapter 9 on Global imbalances is particularly impressive. Shares, interest rates or forex - whatever tickles your fancy, it would be well worth your while to read this book.