History of Financial Advice Collection. In Stock Market Profits, another stock analyst influenced by Dow Theory, Forbes financial editor Richard W. Schabacker, reckons with the legacy of the so-called “New Era” of the late 1920s, when it seemed that stock prices had entered into a permanently upward trajectory and the usual rules of economic gravity had been suspended. Schabacker acknowledges that there were profits to be made during the boom years, but suggests that during such once-in-a-generation phases of intense speculative activity it is “much more difficult to make and hold such profits wisely than in a more normal cycle.” He therefore welcomes an expected return to “more moderate price swings” (which—not coincidentally—are more consistent with the conventional forms of technical market analysis that Schabacker endorses).