Intermarket Analysis

by John Murphy

in Books / Economics, Fundamental Analysis, Trading

Intermarket analysis has come a long way in the ten years since John Murphy wrote his groundbreaking Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets. Although the idea that global markets were linked to each other was once viewed with skepticism, intermarket analysis is now considered among today's most important technical disciplines. Today, market observers look to history for parallels that may predict future market performance.

In Intermarket Analysis: Profiting from Global Market Relationships, Murphy incorporates and reflects on the most recent world market data to show how seemingly disparate world markets interact and ultimately influence each other. Beginning with a brief overview of the intermarket changes that launched the bull market of the 1980s, Intermarket Analysis next revisits the stock market crash of 1987 and its importance to the development of intermarket theory. The author then discusses the 1990 bear market with emphasis on its relevance to later global events. Finally, the text offers in-depth coverage and analysis of the deflation trend that resulted in the bursting of the stock market bubble in 2000 followed by three years of stock market decline.

Citing recent world events that have had a profound impact on even longstanding economic relationships, Murphy shows us what earlier intermarket models are still working and, more importantly, what has changed. Based on the premise that intermarket analysis is not a "static" model, he examines the overall economic impact of such events as escalating tensions and wars in the Middle East, the decade-long downward spiral of the Japanese economy, and global over-investment in technology stocks.

Drawing on his vast experience as both an educator and an expert trader, the author lays out his key tools to understanding global markets and illustrates how these tools can help today's serious investors profit in any economic climate. Armed with the knowledge of how economic forces impact the various markets and sectors, investors and traders can profit by exploiting opportunities in markets about to rise and avoiding those poised for a fall.


Publisher: John Wiley & Sons

Publish date: 2004-02-26

Edition: 1st

Format: Hb

Pages: 288

Isbn: 0471023299

Ranked #7 of 172 Books

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Sep 05, 2014

One of the books that needs to be studied!

Good and essential book to read if one is interested in markets.
There are real benifits of studyding this book, especially if one does not have much knowledge of financial markets and intends to trade.
It is a book that needs to be read rather slowly.
Tha last edition made this book very affodable.

Member (4 reviews, 1163 posts)

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Jan 21, 2011

All in all this is a terrific reference with all meat and no fat!

I find myself always picking up this book for questions involving intermarket relationships. Stocks, bonds, commodities. There are even historical reviews of intermarket relationships in the book as well. Don't be fooled by the title, the author does discuss US markets very well. It is an easy read without technical jargon. Sure, the Phd of economics would probably be quite bored with the material but all in all, this is a terrific reference with all meat and no fat!

Rookie (5 reviews, 0 posts)

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Dec 02, 2010

An interesting book into how markets are linked

A good, but long read, book from a respected trader. He gives you a thorough grounding on his theory on how different markets are linked and how you can use this to your advantage i.e. Intermarket Analysis. A well written with many charts to explain (or prove) his theory. This guy also came on Bloomberg tv and other finacial TV programs.

Veteran Member (16 reviews, 954 posts)

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