George Schade is a meticulous researcher. Throughout this book, Schade brings Richard Schabacker to life and immerses you in the exciting financial events of the 1920s and 1930s. You will gain useful knowledge from Schabacker’s astute observations on markets. George Schade won the Charles H. Dow Award for “outstanding research,” and here you will see why. –ROBERT R. PRECHTER, JR., Elliott Wave International The history of technical analysis is vanishing. With each passing a bit of the library burns down. There are a few who are fighting the fires. Chief among them is George Schade, a consummate researcher, whose biography of Richard Schabacker snatches this pioneer’s story from the onslaught of entropy. If you care about the history of technical analysis, and I think every trader and investor should, this work is a must read. –JOHN A. BOLLINGER, President, Bollinger Capital Management, Inc. One can only wonder what Richard Schabacker, Princeton graduate, writer, author, distinguished finance editor of Forbes Magazine, teacher, devoted husband and father, might have accomplished had he not died at the young age of 36. Schabacker’s many accomplishments included developing the first stock market “index” and a groundbreaking course in technical analysis. Little has been known about this quiet Wall Street figure that lived through the Roaring 20’s, the Crash of 1929 and the Depression. This is a meticulously researched and lovingly detailed book about a brilliant and complicated man who was “an ardent believer in the efficacy of charts” who felt “no individual can trade intelligently without them.” –GAIL M. DUDACK, Managing Director Dudack Research Group, a division of Wellington Shields & Co. LLC. George Schade masterfully tells the unknown story of a market genius. Schabacker comes alive in the pages of this thoroughly researched book. Readers feel the excitement of the market in that long ago era and the market action animates the tale of a life well lived but cut tragically short. This book belongs on the bookshelf of anyone interested in the stock market or anyone seeking an understanding of human nature and how success can hide personal problems until it's too late. –MICHAEL J. CARR, Senior Editor, Banyan Hill Publishing Although Richard Schabacker’s life was short-lived, he was a giant in the field of technical analysis, contributing so much to the subject and has left all of us so enriched as a result. His passion and devotion is captured in this very revealing book. His concepts are indelible: market psychology, stages of price/business cycles, sentiment and the combination of value investing with technical timing – they have empowered us. –RALPH J. ACAMPORA, Director of Technical Research for Altaira, Ltd.

Set in the 1920's Jazz Age on Long Island, The Great Gatsby chronicles narrator Nick Carraway's interactions with the mysterious millionaire Jay Gatsby and Gatsby's obsession to reunite with his former lover, the beautiful Daisy Buchanan. First published in 1925, the book has enthralled generations of readers and is considered one of the greatest American novels.

The irrationally exuberant highs and lows of the 1920s can help students recognize boom and bust cycles past, present, and future. Speculation—an economic reality for centuries—is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions by examining the rise and fall of the American economy in the 1920s. Phillip G. Payne frames the story of the 1929 stock market crash within the booming New Era economy of the 1920s and the bust of the Great Depression. Taking into account the emotional drivers of the consumer market, he offers a clear, concise explanation of speculation's complex role in creating one of the greatest financial panics in U. S. history. Crash! explains how postWorld War I changes in the global financial markets transformed the world economy, examines the role of boosters and politicians in promoting speculation, and describes in detail the disastrous aftermath of the 1929 panic. Payne's book will help students recognize the telltale signs of bubbles and busts, so that they may become savvier consumers and investors.

Christopher Knowlton, author of Cattle Kingdom and former Fortune writer, takes an in-depth look at the spectacular Florida land boom of the 1920s and shows how it led directly to the Great Depression. The 1920s in Florida was a time of incredible excess, immense wealth, and precipitous collapse. The decade there produced the largest human migration in American history, far exceeding the settlement of the West, as millions flocked to the grand hotels and the new cities that rose rapidly from the teeming wetlands. The boom spawned a new subdivision civilization—and the most egregious large-scale assault on the environment in the name of “progress.” Nowhere was the glitz and froth of the Roaring Twenties more excessive than in Florida. Here was Vegas before there was a Vegas: gambling was condoned and so was drinking, since prohibition was not enforced. Tycoons, crooks, and celebrities arrived en masse to promote or exploit this new and dazzling American frontier in the sunshine. Yet, the import and deep impact of these historical events have never been explored thoroughly until now. In Bubble in the Sun Christopher Knowlton examines the grand artistic and entrepreneurial visions behind Coral Gables, Boca Raton, Miami Beach, and other storied sites, as well as the darker side of the frenzy. For while giant fortunes were being made and lost and the nightlife raged more raucously than anywhere else, the pure beauty of the Everglades suffered wanton ruination and the workers, mostly black, who built and maintained the boom, endured grievous abuses. Knowlton breathes dynamic life into the forces that made and wrecked Florida during the decade: the real estate moguls Carl Fisher, George Merrick, and Addison Mizner, and the once-in-a-century hurricane whose aftermath triggered the stock market crash. This essential account is a revelatory—and riveting—history of an era that still affects our country today.

“A fast-paced portrait of the twentieth-century’s fizziest decade, replete with gangsters, flappers, speakeasies and jazz” (Kirkus Reviews). The glitter of 1920s America was seductive, from jazz, flappers, and wild all-night parties to the birth of Hollywood and a glamorous gangster-led crime scene flourishing under Prohibition. But the period was also punctuated by momentous events-the political show trials of Sacco and Vanzetti, the huge Ku Klux Klan march down Washington DC’s Pennsylvania Avenue-and it produced a dizzying array of writers, musicians, and film stars, from F. Scott Fitzgerald to Bessie Smith and Charlie Chaplin. In Anything Goes, Lucy Moore interweaves the stories of the compelling people and events that characterized the decade to produce a gripping portrait of the Jazz Age. She reveals that the Roaring Twenties were more than just “the years between wars.” It was an epoch of passion and change—an age, she observes, not unlike our own. “A varied and dazzling portrait gallery of crooks and film stars, boxers and presidents, each brilliantly delineated and colored in by a historian with a novelist’s relish for human foibles.” —The Sunday Times (London) “Mesmerizing . . . Like the champagne-immersed age she portrays, Moore’s book effervesces with the detail of this fascinating story.” —Juliet Nicholson, Evening Standard (UK) “What a decade it was! What goings-on more violent, subversive and exotic than any of the parties, japes or shenanigans of our own Bright Young Things . . . Moore has knitted the various diverse strands together impressively with an overview of the large cast of characters, events, attitudes, industries and statistics.” —Anne de Courcy, Daily Mail (UK) “Full of anecdote, detail and color. . . . Fluid and elegant.” —Marianne Brace, Independent (UK)

A financial writer describes events and forces impacting national and global markets, renders an opinion as to their future direction, and offers advice. The 1920s saw the rise of financial writers who explained the booming stock market in what came to be called a "New Era," in which expectations were that no shadows darken the horizon. President Calvin Coolidge immortalized the catchphrase for the prosperity of the 1920s. Richard W. Schabacker, Princeton educated to be a writer, spent nearly a decade as Financial Editor for Forbes Magazine. He wrote 150 articles and nearly 300 columns that covered business conditions, stock market trends, interest rates, market psychology, rules of behavior, cycles, life on Wall Street, and common-sense investing. He educated investors and traders, and in the pursuit of that objective, he wrote two books and an investment course. He cautioned that all that is written about the stock market serves as the beginning of knowledge. For as long as we engage in financial markets, we must continue to study, plan, think, and learn from our experiences. Dick Schabacker was convinced that the Stock Market Crash of 1929 that ended talk of a New Era was not reason for investors and speculators to lose confidence in the stock market as an institution. The Crash and its aftermath moved him to concentrate on the technical analysis of financial markets. Technical factors use the empirical information derived from the actions of buyers and sellers in an open market. Research has shown that properly implemented technical analysis can increase profits and reduce the risks of investing. Yet, he did not favor one form of analysis over another. All factors that exert force in financial markets must be studied to glean a composite judgment. The prudent investor and successful speculator must use both fundamental and technical analysis. Favoring one to the exclusion of the other is like waiving a full set of weapons before entering the ba

A portrait of NewYork City in the roaring twenties.