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.
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!
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.