Panic, Prosperity, and Progress: Five Centuries of History and the Markets

An enthralling journey through five centuries of market history and the people and events that shaped it Traversing five centuries of financial market historyfrom Tulipmania in 16th century Holland to the Great Depression, from the Panic of 1893 to the Savings & Loan debacle of 1989, all the way through to todays sovereign debt crisisthis book brings to vivid life some of the most fascinating and important episodes that have had an impact on the behavior of the financial markets since 1600. Entertaining and fair minded towards the craziness of Wall Street and financial markets, Tim Knight takes a historical journey into the conflicts and quirkiness of five centuries of investing. Tim delivers a homerun with insider–like perspective and fun stories. Tom Sosnoff, CEO, tastytrade The names and places may be different and the investments in question may be uniquebut the two ineluctably human variables that never change are basic fear and greed. Tim Knight takes this fact of market history and turns it into an investing lesson you cannot afford to miss. Joshua Morgan Brown, author of The Reformed Broker blog and the book Backstage Wall Street In an era of high–frequency trading and flash crashes, it might seem impossible that todays traders have anything to gain from studying history. Yet Tim Knights Panic, Prosperity, and Progress makes a compelling argument that just as generals can still win battles by studying ancient wars, todays traders can profit from the past. Alex Soojung–Kim Pang, PhD, Senior Consultant, Strategic Business Insights Greed unleashed in speculative bubbles; fear rampant during a market panic; opportunities emerging from technology innovation; valuation shifts created by political and social upheavalsthese qualitative impacts on market movements have one characteristic in common: the repetition of history. Investors who are unaware of these predictable market moving trends are damned to suffer from them in the future. Tim Knights Panic, Prosperity, and Progress is a must read for investors at a time of historic and previously untested market interventions resulting from one of the most severe economic downturns in modern history. As documented by Tim in his latest book, these current historic market shifts will create opportunities and risks just as similar events have done repeatedly throughout history. Panic, Prosperity, and Progress is an investor guide to identifying and profiting from current market risks that every investor can take advantage of today. Lee Barba, Former Chairman and CEO, thinkorswim Group

Timothy Knight is a money manager and founder of www.SlopeofHope.com, a popular trading blog started in 2005 that is one of the most active forums for discussion among traders on the Internet. Previously, he was founder of Prophet Financial Systems, a web–based service that was bought by Ameritrade and was consistently rated the number one website for technical analysis by both Barrons and Forbes . Prior to starting Prophet, Knight was vice president of technology products for Montgomery Securities and worked at Apple in Strategic Planning. Knight has traded for over 25 years, primarily using technical analysis and price charts as the basis for his decisions, and he owns and operates a short–bias hedge fund from his home town of Palo Alto, California.