Identifier: wallstreetguide00jlmc (find matches)
Title: Wall Street guide /
Year: 1902 (1900s)
Authors: J.L. McLean & Co.
Subjects: Stock exchanges
Publisher: New York: J.L. McLean
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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ecomes,but with ordinary judgment one ought to be ableto foretell market movements with some degree ofaccuracy. WALL STREET GUIDE. MONETARY TIDAL WAVES. Speculative values have their ebb and flow just assurely as the tides of the ocean, and by a carefulstudy of these movements it is possible to becomea successful operator in stocks and other speculativecommodities. In order to do so intelligently, you must studyand become familiar with the volumes of stocktraded in, in addition to general conditions affecting opportunities which cannot be equalled in any otherbusiness or profession. Intrinsic values never control a rising or a fallingspeculative tide. Study the ebb and flow of thistide and you will learn to solve the problem of suc-cessful operations in the stock market with a degreeof certainty that you will find surprisingly accurate. Future movements in the stock market are indicatedby the volumes of transactions and extreme pricesreached on either a rising or a falling market, and
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WALL STREET, EAST OF WILLIAM STREET, IN THE PANIC OF OCTOBER U, 1857. values. The reason why so many people fail inspeculative operations is because they come to WallStreet expecting to get rich quickly, and will thenbuy or sell stocks right and left just because someone has advised them to do so or because they havebeen a little lucky and will guess that it is right todo so. This i> gambling pure and simple. Successful speculation is based upon intelligentforecasts, the fulfilment of which must be patientlyawaited. Lei the operator apply to his transactionsthe true principles of speculation, just as he would doin any ol her business, and then Wall Street, offers totin; man with nerve, patience, and moderate capital in either case are always sure to go just as muchtoo far in one direction as they were previously inthe other direction. When the heart stops beatingwe are dead. When values stop fluctuating the worldwill be dead. Disturbing elements are necessary toits vitality. No mat

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