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If It's Raining in Brazil, Buy Starbucks | 
 enlarge | Author: Peter Navarro
Publisher: McGraw-Hill
Category: Book
List Price: $16.95
Buy Used: $7.46
You Save: $9.49 (56%)
New (18) Used (15) from $7.46
Rating:  4 reviews
Sales Rank: 171171
Media: Paperback
Edition: 1
Pages: 256
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 7.4 x 5.8 x 0.9
ISBN: 0071433198
Dewey Decimal Number: 332
UPC: 639785384762
EAN: 9780071433198
ASIN: 0071433198
Publication Date: January 23, 2004
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
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Product Description
IF IT'S RAINING IN BRAZIL, BUY STARBUCKS The hardcover edition of If It's Raining in Brazil, Buy Starbucks first introduced investors to "macrotrading." Instead of just theorizing, the breakthrough investing strategy actually quantifies the impact of global economic forces on specific sectors of the stock market. This paperback edition delivers macrotrading to a new and wider audience, identifying which economic indicators are essential to follow, how to trade profitably in times of recession or inflation, subtle signals that indicate imminent turning points in the market, and much more.
Download Description
Global financial markets are part of a much larger world, a world of fluid government policies, political unrest, and other unpredictable forces. If It's Raining in Brazil, Buy Starbucks quantifies how far-reaching factors affect stock prices, and how investors can trade more effectively by understanding the links between these forces and the stock market. It focuses on specific macroeconomic forces and which sectors of the economy react to different indicators, providing investors and traders with clear signals on whether to buy, sell, or sit on the sidelines. Unlike more targeted investing titles, Peter Navarro's insightful book contains benefits for all investors from day traders to long-term, buy-and-hold investors. Simulations and analyses, along with real-life examples and case studies, provide inside details on: How to profit from specific technological change Strategies to trade effectively in times of recession or inflation Which economic indicators to follow and why
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| Customer Reviews:
Dangerous February 24, 2005
Jeff Lipkes (Tampa)
25 out of 28 found this review helpful
...because it's seductively written, and is liable to give readers unwarranted confidence in their ability to speculate/gamble (a distiction without a difference if there ever was one). The book is filled with entertaining fictionalized case-histories of people who both ignore and practice "macrowave investing." Problem is, of course, it's not as easy to play chess while everyone else is playing checkers as Navarro makes out. Case in point: throughout 2003, after March 12, he was calling market tops week after week, dissing the rally, eagerly adding to his short positions. Have no idea when he finally covered.
Investing is about a lot more than interpreting news alerts. When a major computer virus breaks out, it will occur to a lot of people to buy Symantec. It's awfully hard to get in first, even if you have time to sit in front of the computer all day, while glued to CNBC. And you'll be wrong half the time even if you do react instantaneously, because too many other things are contributing to a stock's valuation. From bitter experience, I've come to conclude that the best you can do is to respond to the over-reactions of Wall St. But then you have to know the companies you're buying, and there's zilch here on analyzing and evaluating businesses.
Though ostensibly written for all kinds of investors, the book is, of course, all about momentum trading--riding trends. For people who want to do this, _If It's Raining_ probably covers the basics as well as any book. He even throws in a glib and inaccurate account of the history of economic thought in the 20th century. The coverage of the business cycle and the introduction to the economic indicators is a lot better. Hence the 4 stars. But if this book fires your enthusiasm for "macrowave investing," do some paper trades for a few months first. Better still, take a look at the archives of Navarro's old columns from his website, if he's kept them.
 Just about the best stock investing book I ever read. August 28, 2005
Marc A. Vinson (Brooklyn, NY United States)
10 out of 10 found this review helpful
This book gives you different scenarios as to what can happen to the stock, currency and bond markets with every economic report that comes out. Be sure you dont get overwhelmed by all of this and perhaps focus mainly on the 3 and 4 star data that comes out for a while. I am a semi-professional stock speculator myself, and even I was overwhelmed at how much info he gives. I will surely have to keep this one on my shelf for constant reference.
He gives many entertaining samples of how real speculators would act on news and economic data. The funny thing is, many fundamental and technical analysts pay too little attention to this data, and some pay it too much heed. So you need to find the balance. I will say this; I always found economic data very boring until Peter showed us they are all pieces of a puzzle and that makes it very, very interesting indeed. I will never look at CNBC the same way again. As well, the resource guide for websites and news sources at the back of the book are worth the price of this book itself! (...)Marc
 Good Story book but not practical November 14, 2005
Sanjeev Singh (New Jersey, USA)
5 out of 24 found this review helpful
Today is Nov 14th 2005, Tyson food reported it quartely profit surged to 49 percent, as operating income surged in its chicken and pork businesses also because of record corn production last year and this year, there is ample supply (inventory) of corn that should benefit Tyson food further as it can buy corn at cheap prices.
But... stock declined by 6% in the premarket trading. Reason..."Market is effecient". There are thousand of analysts who analyze these information and incorporate them in their stock price estimate. If result surpasses expection, stock price will rise else it will fall.
Good Book June 18, 2007
Ulf Hamster (Bremen, Germany)
2 out of 2 found this review helpful
I like this book because the author uses a funny style. Thus, it is easy to remember some typical phenomenas in macroeconomics and stock markets. Of course, you have to read books about forecasting stock market movements very very very carefully. But this is the story about a young naive boy who go for an internship in an investment bank and listen to sucess stories of the experienced collegues - They are never talking about loss reports!
As you see I am from Germany. Therefore I can tell you: Some of Mr Navarro's causal relationships cannot work in Germany. Actually, I have read the book and made notes: This might work in the US and that might happen in Germany (or maybe in another economic zone somewhere, which i know about). The difference have a little bit to do with cultural differences but more important are differences in institutional and political systems. For example the ECB don't care about what will happen to the unemployment rate in particular Euro-countries during particular election years because it is not possible to consider all member-states equally.
But I think to have read some comments of Mr Navarro that everybody have to think on its own, and thus, find their own magical "macrowave" relationships what have a pretty simple reason: If everybody does the same, the magic doesn't work anymore... I really think to remember that he have indicated something like this in the first chapter.
Therefore, dear reader, this is a very good book because it explains that macroeconomics is linked to the financial markets although some "smart" people postulate that it is not the case anymore. It depends on the viewpoint. and Mr Navarro explains, maybe not very very very academically, that there is one wave level most people don't want to see anymore. While I have read the book I skimmed through the stock market news und macroeconomic data (of Germany / Europe) of the last years and compared them to several stocks and stock indicies - It is not exactly what Mr Navarro have written but in principal he is right.
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