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What is Speculation? The Machinery of Markets. The Vehicles of Speculation. Market Movement--Ripples and Waves. The Tides of Speculation. Forecasting the Major Swings. The Lifeblood of Speculation. Technical Factors vs. Economic Fundamentals. The Short Sale. What Is a Bull Market? How to Read a Balance Sheet. How to Read an Income Statement. Rails and Utilities--Victims or Beneficiaries of Regulation? The Analysis of Industrial Stocks. The Romance of Buried Treasure. Profits in Financial Surgery. Trading in Unlisted Securities. Options and Arbitrage. When Speculation Becomes Investment. Index.