The Right Stock at the Right Time: Prospering in the Coming Good Years

Larry Williams's The Right Stock at the Right Time: Prospering in the Coming Goods Years is a marriage of investment advice with attempts at formalizing what is, essentially, market speculation.

The first three chapters trace cyclical behavior over the history of the U.S. stock market, behavior that Williams summarizes as the "10-year pattern," the "sure thing seven years," "the four-year phenomenon," the "straight eight factor," and "the October effect." Pulling these all together, he makes predictions about the likely best times in the coming decade for investors to adjust their portfolios.

While these chapters often leave the underpinnings of each cycle unexplained, by chapter four, he increasingly grounds his advice in measurable market activity, including decreases in credit, behavior of the bond market, and cash on hand in mutual funds. Later, Williams turns to more traditional investment advice about which stocks to actually pick. Here, he is committed to tracking price-to-earnings ratio and finding discounted stocks where growth is coupled with declining share price.

The Right Stock at the Right Time is not recommended as a first book for those just entering the world of investments. Williams is s seasoned veteran who has weathered years of up and down markets, and his experience will make interesting reading for those who already share his fascination for timing the market. Ultimately, he sees the investor as akin to a casino: even a slight advantage means that, over the long run, the house makes money. The claim Williams is offering--one that each reader will have to judge for himself--is that his "10-year pattern" and other market trends bring this advantage. --Patrick O'Kelley

Why is October an integral month for predicting market bottoms? Why do ideal buy opportunities occur in years ending in "2" or "3"? How do you tell when stocks are undervalued? The answers to questions like these can help you recognize the stock market’s historical patterns–and ultimately profit from them. The Right Stock at the Right Time: Prospering in the Coming Good Years shows you how.

In this indispensable, one-of-a-kind guide, forty-year industry veteran and top technical analyst Larry Williams throws down the gauntlet at the feet of the bear market pundits. Rejecting their pessimism-clouded view of the market, Williams reveals how you can prosper from knowing the fundamentals that have moved stocks in the past and will continue to move them in the future.

Relying on exhaustive research (which includes stock market prices as far back as 1854), the author demonstrates that rallies are common to all market periods. With these historical precedents as guideposts, he explains how you can zero in on the market bottom and ride the inevitable upswing that follows.

The Right Stock at the Right Time covers:

• How to instantly tell if your stock is a good value
• The key stock market patterns every investor should know–from the "ten-year pattern" to the "four-year phenomena"
• The unique relationship between seasonality and stock prices
• What makes investor sentiment–and knowing how to gauge it–so crucial
• How to use the bond market to predict the stock market
• Why a consistent focus on value is a smarter strategy than chasing high-flying stocks or trying to make a killing in the market
• Reasons to avoid buying rumor or concept stocks
• How to buy stocks at a "discount"
• Finding an approach to money management that works for you
• Why industries like entertainment and transportation will be the ones to watch in the coming market recovery

Finally, Williams reminds us that in the last 200 years of recorded stock market activity, the substantial market corrections, or dips, along the way are something else altogether: buying opportunities. In The Right Stock at the Right Time, the future has never looked so lucrative.

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