Full Title: Anatomy of the Bear: Lessons from Wall Street Four Bear Bottoms
Author: Russell Napier
Publisher/Date: Harriman House (2009)
List Cost/Pages: $35 Hardcover / 330 pages
Cover Notes:
How does one spot the bottom of a bear market? What brings a bear to its end? There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap – 1921, 1932, 1949 and 1982 – Russell Napier sets out to answer these questions by analyzing every article in the “Wall Street Journal” from either side of the market bottom. In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging. By looking at how markets really did work in these bear-market bottoms, rather than theorizing how they should work, Napier offers investors a financial field guide to making the best financial provisions for the future.