Benner's cycle

Common card · No. 203484

Benner's cycle describes a theorized economic phenomenon named after an Ohioan accountant, farmer and American Civil War veteran Samuel Benner (1832–1913), who wrote a book entitled Benner's Prophecies of Future Ups and Downs in Prices: What Years to Make Money on Pig-Iron, Hogs, Corn, and Provisions in the late 19th century. The book is based on U.S. government data of market cycles between 1780–1872, which he analyzed to make predictions of market peaks and troughs through 1904, and reprinted in sixteen updated editions until 1907. The chart marks three phases of market cycles: A. Panic Years - "Years in which panic have occurred and will occur again." B. Good Times - "Years of Good Times. High prices and the time to sell Stocks and values of all kinds." C. "Years of Hard Times, Low Prices, and a good time to buy Stocks, 'Corner Lots', Goods, etc. and hold till the 'Boom' reaches the years of good times; then unload."

Read on Wikipedia · Image Samuel Banner, Public domain