When the Dow Breaks: Insights and Strategies for Protecting Your Profits in a Turbulent Market

I bought this for $1 (postage was$10). What I got was not a book that was past its sell by date because the DOW had already broken but a pictoral history of tops going back decades. Worth more than $1 and more than many books available for 50x the price.

Donald Cassidy did a solid, workman-like job, which automatically places it above most stock market books. Cassidy wisely criticizes the thoroughly debunked "buy-n-hold" hype Wall Street preaches, yet does not practice with its own money. This book also warns of the dangers of being afraid to sell because of a fear of taxes. Sy Harding's "Riding the Bear" covers the same subjects, and many other topics not mentioned in this book, much better. This is a good book, yet is a bit below Harding's masterpiece.

I consider Mr. Cassidy's first book, "Its when you sell that counts" a classic. I have read this book at least three times and each time got something new out of it. This book is no different. It is equally masterful in conveying its message and has something significant to say.

I personally found Chapter 7 to be particularly enlightening - offering a psychological understanding of how the market works, personal hang-ups one brings and must overcome, and in particular the essential virtues of selling. If we can't sell, we will die with our current portfolio - so all other effort at market excellence is doomed to failure! But the other 12 chapters are eye opening also! Very well written. This book is wonderful!