The ABC of Stock Speculation

In 1901 there were days when dealings on the Stock Exchange exceeded 3000000 shares and the machinery of speculation threatened to break down under the intensity of the strain to which it was subjected. Whether the records of that year will ever be broken no man can foretell... -from Chapter II: Stock Speculation In 1884 Charles Dow the Wall Street Journals famous first editor published the first stock market average... and in the years after he formulated through his editorials a wide-ranging economic philosophy that has come to be known as Dows Theory. In fact S.A. Nelson coined the term when he collected Dows editorials together in this 1902 volume. Topics discussed include: . methods of reading the market . cutting losses short . the danger in overtrading . the recurrence of crises . the tipster . and much more. Dows observations and Nelsons commentary sound strikingly modern even a century later¬ and remain vital components of an intelligent understanding of fundamental concepts of the stock market. S. A. NELSON was a reporter for The Wall Street Journal during the early 20th-century.