WHAT IS IT?
In 1976, Yale Hirsch predicted a fifteen-year super boom—a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000.
History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits.
In Super Boom, Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the Stock Trader’s Almanac, unveils the next market expansion. Building on his father’s research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom, namely:
- Inflation—while it may be at bay for the time being, the massive injection of money by the government, in response to the global financial crisis and the Great Recession, as well as wartime spending, will eventually create an inflationary environment
- Peace between major wars—despite continuing violence in Iraq and Afghanistan, U.S. troop withdrawals remain on schedule, and military presence in these countries will be winding down over the next several years
- New enabling technologies—while no one can say for sure where the next cultural paradigm-shifting technologies will come from, energy technology and/or biotechnology could lead the way
As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you’ll benefit from the insights that only Jeffrey Hirsch can provide and be in the best position possible to prosper from the profitable opportunities that lie ahead.
I have spent most of the last eighteen months reading every non-fiction major release cover to cover. When I received Hirsch’s “Super Boom”, I wasn’t expecting much from yet the next pop economic book. While Hirsch builds upon his father’s findings and name, he does try to make a bridge to share economic insight with the masses. However, he goes about it in the most pedestrian way possible.
Economics always catches on with the mainstream via a series of easy to understand maneuvers. Basically, tax cuts and get rich quick schemes. People wonder why Madoff made so much cash, well it’s because he know how to sell the cash dynamic to the masses. I hate to compare Hirsch in a similar manner, but the man has a way with language. You’re almost halfway through the book before you realize that Hirsch has only provided a fiscal history and not any answers.
Additional strategies for profitable investing are also included. First up is the well-known Best Six-Months strategy that has been a staple of the Stock Trader’s Almanac for many years. It invests during the November 1 -April 30 period and is in cash for the remaining months. He also adds another wrinkle to this strategy by incorporating the four years of the presidential election cycle performance to come up with four trades every four years.
In the end, there’s nothing here that is quite out-of-wack. It’s common sense economics framed against a poorly defined sense of history. Using rough guidelines and an over-reliance on cyclical behavior to define forward movement feels lazy. Still, it does hang well for the novice reader. In the end, I’d recommend it to college students.
RELEASE DATE: OUT NOW!