Being right or making money

"This book is about the four common traits of successful money managers. Bringing the Ned Davis Research Group's insights and experience to the table, it's a dissection of what contributed to the stock market bubble of 2000 and a no-nonsense look into what is moving our economy right now. The economy model building process and analyses of stock and bond market timing are discussed in depth. According to Ned Davis, the business of speculating is largely psychological. As he states: "In case we are being swept up by the crowd or in case our own reality becomes badly distorted, what we need is an unbiased, objective standard that will weigh the evidence and pass judgment devoid of emotionalism." The overall composition of this book is tuned more for a position trader rather than a pure day trader. You won't find exercises to hone your entry skills, but the wisdom and market insight are like vitamins that will keep you focused and on-target for profits. No matter what your trading goals are, this book will keep you pointed in the right direction"--

Includes index.

Foreword -- Preface -- Acknowledgments -- Chapter 1: Being Right or Making Money / Ned Davis -- Bad News about Forecasting (Being Right) -- Good News About Making Money -- Being Right and Other Investment Techniques Are Overrated and Are Not the Keys to Success -- The Four Real Keys to Making Money -- The Battle for Investment Survival and Handling Mistakes -- Stories of Five Successful Winners -- Making Our Own Reality -- The Ned Davis Research Response to All This -- Timing Models -- What Is Contrary Opinion and How to Use It -- History and Risk Management -- The Rest of the Book -- Chapter 2: the Model-Building Process / Ned Davis -- The Model-Building Process -- Where to Start: Model Inputs -- Sentiment/Valuation Indicators -- Monetary Indicators -- Economic Indicators -- Internal Indicators -- Moving Averages -- Crossings and Slopes -- Momentum -- Putting Indicators Together -- Conclusion -- Chapter 3: A Stock Market Model / Loren Flath -- A Stock Market Model -- Overview of the Fab Five -- Tape Component -- The Final Tape Component -- The Sentiment Component -- Sentiment Summary -- The Monetary Model -- Monetary Component Summary -- Fab Five Combo Component -- Combo Model Su…