O'Reilly logo

The 17.6 Year Stock Market Cycle: Connecting the Panics of 1929, 1987, 2000 and 2007 by Kerry Balenthiran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 6: Conclusion

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.

Jesse Livermore Reminiscences of a Stock Operator

Investors are often caught out by changes in sentiment as the stock market represents the collective behaviour of the crowd, and fear and greed tend to lead to exaggerated market movements, booms and busts. It is human nature to look forwards and not backwards, but we know that understanding the past can be insightful in terms of anticipating ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required