Average Reviews:
(More customer reviews)Amazon says this book is hardcover and it is. If you read carefully, it also says, "Publisher: Wiley; Spi edition (October 5, 2007)". I was pleasantly surprised to see that it is spiral bound within the hardcover; this is extremely useful because the hardcover book can lie flat on a table.
This book is a must-have for any active trader so you know what is going on during that time of the year. I mean seriously, it's only $25 and it's chump change compared to the amount in commissions you blow each month.
I was initially very excited about reading the book, but as time went on, I realized that the book mostly contains info-porn. You need to remember that most of what this book contains are averages of what happened in the past. Does it really help me to know that the authors believe that the probability that the S&P 500 will rise on January 22, 2008 is 38.1%? Nope, not really. The only thing it tells me is that I should probably hold my short positions for one more day just because this day has historically been weak. However, given that much of the recent market action has primarily been data driven (weakening economy, massive losses at banks, etc.), this information is of very little use.
There are, however, some things that are very relevant for 2008. In particular, the December low indicator (page 40) is extremely relevant because we just took out the December low.
UPDATE on July 24th: If I could figure out how to change the number of stars on this book's rating, I'd give it a one. You could probably make more money by flipping a coin rather than listening to this book.
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The Stock Trader's Almanac is a practical investment tool that has helped traders and investors forecast market trends with accuracy and confidence for over 40 years. Organized in an easy-to-access calendar format, the 2008 Edition contains historical price information on the stock market, provides monthly and daily reminders, and alerts users to seasonal opportunities and dangers. For its wealth of information and authority of its sources, the Stock Trader's Almanac stands alone as the guide to intelligent investing."Jeff Hirsch is following in the great tradition of his father, Yale Hirsch, with this nonpareil almanac of Wall Street data. It's a treasure for investors who want to remember the past as they plan for the future."-Louis Rukeyser, late founding host, Wall $treet Week"Information is key to successful investing and investors will find the Almanac a chock-a-block source of need-to-know stuff."-Steve Forbes, President, CEO, and Editor in Chief, Forbes"I have every issue since 1976 in my bookcase. The Stock Trader's Almanac is an invaluable resource."-Marty Zweig, author, Martin Zweig's Winning on Wall Street"The Stock Trader's Almanac should be on every investor's desk. It's an invaluable source of investment advice, trading patterns, and Wall Street lore. It's also fun to read. I refer to it frequently throughout the year."-Myron Kandel, founding financial editor, CNN
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