The Stock Market Barometer. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
This chapter examines XXI. Running True to Form—1922-1925, using the author’s early-twentieth-century investment framework to explain how investors were expected to judge security quality, income, risk, and market conditions. It opens from the chapter’s own discussion: RUNNING TRUE TO FORM, 1922-1925 WHEN The Stock Market Barometer first appeared serially in the columns of Barron’s, mostly in the latter part of 1921, the order of the chapters adopted in the subsequent publication of the book was not used.
Readers studying financial history, investment education, and the chapter’s specific subject—Dow Theory, line of accumulation, income surtax—will get the most from this section. It is not suitable as a modern trading or investment checklist.
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around Dow Theory, line of accumulation, income surtax may differ sharply from modern markets.