"THE MARKET DOES NOT BEHAVE RATIONALLY": FIRST EDITION OF WALL STREET AND THE STOCK MARKETS, INSCRIBED BY PETER WYCKOFF
WYCKOFF, Peter. Wall Street and the Stock Markets. A Chronology (1644-1971). Philadelphia: Chilton, (1972). Octavo, original black paper boards, original dust jacket. $850.
First edition of Wyckoff's highly regarded financial history, a presentation copy inscribed by him soon after publication, "To C—M—with best wishes for a Merry Christmas and a Happy and Prosperous 1973 Pete Wyckoff."
Wyckoff brings his experience as stock broker and financial writer to this informative analysis of the stock market, one that promotes a "better understanding of Wall Street and the markets by bringing… irrefutable records of what has happened." The book begins with an extensive chronology and continues with "a detailed section on the Dow-Jones industrials and other market averages… this is a book to nibble at, not to devour at one sitting." He includes a thoughtful section on "Theories and the Market" and provides a well-researched survey of Dow Jones Stock Averages. "The most interesting part of the book comes, like a fancy dessert, in the final section. Here various outside forces, such as accidents and acts of God, are linked to the action of the stock market. Between the lines there is a message: The market does not behave rationally" (New York Times). "First Edition" on copyright page.
Book fine; very light edge-wear to about-fine price-clipped dust jacket.