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Show STOCK MARKET ALWAYS SIX MONTHS AHEAD OF BUSINESS If all one had to do wa to pick up a trade report, find out the state of trade, and if trade were poor selling them, then everyone from bootblack to bank executive, would get rich. We have not the slighted doubt that if everyone traded on su h a basis as outlined there would not 1 e enough money in the world to cover the losses. loss-es. The Stockmarket advanoes and declines de-clines in .swings averaging from one to three, and sometimes as much as five, years duration. Business men who watch the Stockmarket over a period of years know that invariably the Stockmarket begins its advance at least six months before a revival In business, and that it invariably begins be-gins to break badly and decline six months before a slowing down of bus lues? arrives, says a writer in Sugar-man's Sugar-man's Indicator, the financial weekly. week-ly. For example: In the year 1915 the Stockmarket started up and advanced advanc-ed steadily throughout the year. Now we need but a short memory to know that in the year, or at least in the early part of 1915, business was very poor. Not until 1916, Business began be-gan to get on its feet. The decline in the early part of 1917 was a direct warning that the latter part of that year, and early part of 1918, would afford "slim pickings for our business busi-ness men. In the early part of 1919, when the Stockmarket started up, discouraged' business men in general did not believe the evidence of their own eyes, namely, a vigorous rising Stockmarket. But the middle of 1919 saw the beginning of a big post-war business boom. Those who were trading in the market in November of 1919 remember remem-ber the terrific smash caused primarily primar-ily by the raising of the rediscount rate of our federal reserve banks. Stocks continued to go down in the early part of 1920, and many business busi-ness men would not believe that the post-war joy ride was over. Subsequent Subse-quent events proved that the Stock-market Stock-market was right then, and has been ever since there was a Stockmarket. We advise any real student of Stockmarket fluctuations to point out where the Stockmarket has failed fail-ed to discount in advance the coming of a business boom or depression. The point we wish to bring home is this: There is little money to be made by operating in the Stockmarket Stockmark-et unless one looks into the future. Tt Is a rule so old that it has attained attain-ed almost the prestige of a market axiom to: "Sell in times of Joy and buy in times of Gloom!" A |