The Stock Market Barometer by W.P. Hamilton (1923, First Edition Hardcover)

A foundational text in the history of technical analysis and financial forecasting, The Stock Market Barometer by W.P. Hamilton remains a landmark work nearly a century after its publication. Released in 1923, this first edition hardcover in deep red cloth with gilt lettering presents Hamilton’s pioneering interpretation of Charles H. Dow’s theories and lays the groundwork for what would become Dow Theory.

As editor of The Wall Street Journal and successor to Dow himself, Hamilton was uniquely positioned to translate complex market trends into accessible financial insights. In this volume, he meticulously outlines the idea that the stock market can serve as a predictive instrument for broader economic conditions—a "barometer" of future business trends.

An essential collectible for historians of finance, early Wall Street scholars, and investors interested in the roots of technical analysis, this nearly 100-year-old volume remains in impressively good condition. The binding is solid, the pages are intact, and the gilt lettering on the cover remains vibrant—testament to its careful preservation over the decades. A crisp artifact from a period when modern financial thought was still taking shape.