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DON'T TRY TO TIME THE MARKET. AS TEMPTING AS IT IS TO TRY, IT IS NOT POSSIBLE TO TIME THE STOCK MARKET. PEOPLE HAVE WRITTEN MILLIONS OF PAGES OF RESEARCH ON THIS TOPIC AND NO ONE HAS EVER FOUND A LEGITIMATE WAY TO DETERMINE ITS TRENDS.
USE COST AVERAGING. BY BUYING STOCKS ON A PERIODIC BASIS (LIKE ONCE A PAYCHECK, ONCE A MONTH OR EVEN ONCE A YEAR), YOU WILL ALWAYS BE BUYING AT AN AVERAGE PRICE. IF YOU TRY TO TIME THE MARKET, YOU MAY BE BUYING AT A HIGH OR LOW VALUATION.
TAKE TAXES INTO ACCOUNT. WHEN YOU BUY STOCKS, TRY TO HOLD THEM FOR MORE THAN ONE YEAR SO YOU GET TAXED AT THE LONG TERM CAPITAL GAINS RATE, WHICH IS CURRENTLY 18%. IF YOU SELL YOUR STOCK BEFORE ONE YEAR, YOU WILL BE TAXED AT YOUR ORDINARY INCOME TAX RATE, WHICH IS ALMOST ALWAYS HIGHER THAN 18%, SOMETIMES TWICE AS HIGH.INVEST AS MUCH AS POSSIBLE INTO TAX-SHELTERED 401K, 403B AND IRAS. BY INVESTING IN TAX DEFERRED PLANS, YOU ARE ABLE TO INVEST MONEY AND NOT WORRY ABOUT THE TAX IMPLICATIONS. WITH 401K AND 403B PLANS, YOU GET TO INVEST YOUR EARNINGS BEFORE TAXES, SO THE INVESTMENT WILL GROW ON A HIGHER BASE. FOR EXAMPLE, IF YOU RECEIVED A PAYCHECK FOR $2,000 GROSS PAY AND TAXES WERE TAKEN OUT, YOU'D BE LEFT WITH ONLY $1,200 OR SO TO INVEST. THE INVESTMENT RETURN ON $1,200 COULD BE SUBSTANTIAL, BUT IF YOU COULD INVEST THAT SAME $2,000 IN A TAX DEFERRED ACCOUNT, YOU WOULD BE INVESTING AND EARNING A RETURN ON $2,000 INSTEAD OF $1,200. ALSO, MANY EMPLOYERS OFFER MATCHING INVESTMENTS THAT COULD MAKE THAT $2,000 INVESTMENT EQUIVALENT TO A $4,000 INVESTMENT. PUT AS MUCH AS YOU CAN INTO THESE TAX DEFERRED INVESTMENTS.
DIVERSIFY YOUR INVESTMENTS. DON'T JUST INVEST IN STOCKS. IT IS BETTER IF YOU DIVERSIFY YOUR INVESTMENTS INTO OTHER ASSET CLASSES INCLUDING REAL ESTATE (A HOUSE), CASH (SAVINGS ACCOUNT OR CD) AND MAYBE EVEN BONDS. THAT WAY, IF ONE ASSET CLASS REALLY UNDERPERFORMS, YOU WILL HAVE SOME EXPOSURE TO THE BETTER PERFORMING ASSETS.DIVERSIFY YOUR STOCKS (MUTUAL FUNDS). WHEN INVESTING IN THE STOCK MARKET, DON'T LOAD UP ON JUST ONE OR TWO STOCKS. DIVERSIFY YOUR INVESTMENTS ACROSS MANY STOCKS. IF YOUR PORTFOLIO IS NOT LARGE ENOUGH TO BUY 15 OR MORE DIFFERENT STOCKS, YOU SHOULD CONSIDER PURCHASING ONE OR MORE MUTUAL FUNDS TO ENSURE DIVERSIFICATION.
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BULLS MADE ANOTHER ATTEMPT TO JUMP OVER
5500, TOUCH 5509 AND CLOSES AT 5473.
IF BULLS FAILS TO CLOSE ABOVE 5533 ON TUESDAY,
THEN BEARS WILL START TO PLAY.
NIFTY IS UNDER THE BEARS GRIP AS LONG AS IT
TRADING BELOW 5755 WHERE 200 DMA PLACED.
WE FEEL SOME MORE STEAM LEFT IN
SYSTEM FOR BULLS. BULLS
CAN TOUCH 5533 OR 5555. GO ALONG WITH
DAILY MOMENTUM AND EXIT WITH MINIMUM POINTS.
BEARS,
NOW KEEP EYE ON 5533. IF NIFTY UNABLE TO JUMP
OVER 5533 BEFORE TUESDAY CLOSING, THEN
INITIATE FRESH SHORTS KEEPING 5555 AS STOPLOSS.
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ABAN OFFSHORE BUY AT 560.90 TARGET 575
BAJAJ FINSERV BUY AT 488.00 TARGET 500
COAL INDIA BUY AT 388.25 TARGET 400
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5500, TOUCH 5509 AND CLOSES AT 5473.
IF BULLS FAILS TO CLOSE ABOVE 5533 ON TUESDAY,
THEN BEARS WILL START TO PLAY.
NIFTY IS UNDER THE BEARS GRIP AS LONG AS IT
TRADING BELOW 5755 WHERE 200 DMA PLACED.
WE FEEL SOME MORE STEAM LEFT IN
SYSTEM FOR BULLS. BULLS
CAN TOUCH 5533 OR 5555. GO ALONG WITH
DAILY MOMENTUM AND EXIT WITH MINIMUM POINTS.
BEARS,
NOW KEEP EYE ON 5533. IF NIFTY UNABLE TO JUMP
OVER 5533 BEFORE TUESDAY CLOSING, THEN
INITIATE FRESH SHORTS KEEPING 5555 AS STOPLOSS.
STOCKS TO WATCH
ABAN OFFSHORE BUY AT 560.90 TARGET 575
BAJAJ FINSERV BUY AT 488.00 TARGET 500
COAL INDIA BUY AT 388.25 TARGET 400
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The weakness in the Indian capital market, caused by factors like high inflation , crude prices,and weak global indications, is not likely to impact its future prospects that continue to be robust in long-term.
Sensex, has dived 11 per cent from the peak of 20,509.09 points in January this year and 13.86 per cent from its all-time high of 21,206.77, as on on January 10, 2008.
The bearish sentiment at the stock markets is accompanied by a steep decline in inflows from foreign institutional investors this year.
So far this year, FIIs have been net sellers as they have sold equities worth Rs 2,274.10 crore, while last year they had made record investments in the Indian capital market, as per data available on market regulator SEBI's website.
In the year 2010, FIIs had purchased stocks and bonds worth around Rs 10 lakh crore, the highest for a year and nearly one-fifth of their overall investment so far.
But market observers believe that "It's ( FII selling) not permanent. In a downtrend, selling pressure in equities is normal."
FII flows are likely to remain moderate to weak because of the natural tendencies of equity market as an asset class becoming unfavourable with high interest rate regime. Moreover, the recent political and corporate fiascoes has put the FII flows on tenterhooks.
Further, with higher interest rates and unstable commodity prices, Indian stock market would go through big ups and downs ahead.
Corporates would feel the pinch of margin pressure and hence a slowdown in earning and lowering of earning estimates in coming quarters could not be ruled out.
Sector-wise, banking, capital goods, oil refineries, cement and infrastructure would be under pressure owing to inflationary pressure, higher interest rate regime and higher crude prices and under-recoveries.
This week, stock market is likely to carry forward the gains it made last week on the back of enhanced buying by foreign funds amid hopes that blue chips, like Mahindra & Mahindra and Reliance Communications will deliver results as estimated.
The kind of rally the market witnessed on the day of the derivatives roll over and on Friday, it is very likely that it will continue with the trend as foreign institutional investors seem to have gathered confidence in the domestic equity market.
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indian stock markets will bounce back in the coming week.
The weakness in the Indian capital market, caused by factors like high inflation , crude prices,and weak global indications, is not likely to impact its future prospects that continue to be robust in long-term.
Sensex, has dived 11 per cent from the peak of 20,509.09 points in January this year and 13.86 per cent from its all-time high of 21,206.77, as on on January 10, 2008.
The bearish sentiment at the stock marketss is accompanied by a steep decline in inflows from foreign institutional investors this year.
So far this year, FIIs have been net sellers as they have sold equities worth Rs 2,274.10 crore, while last year they had made record investments in the Indian capital market, as per data available on market regulator SEBI's website.
In the year 2010, FIIs had purchased stocks and bonds worth around Rs 10 lakh crore, the highest for a year and nearly one-fifth of their overall investment so far.
But market observers believe that "It's ( FII selling) not permanent. In a downtrend, selling pressure in equities is normal."
FII flows are likely to remain moderate to weak because of the natural tendencies of equity market as an asset class becoming unfavourable with high interest rate regime. Moreover, the recent political and corporate fiascoes has put the FII flows on tenterhooks.
Further, with higher interest rates and unstable commodity prices, Indian stock market would go through big ups and downs ahead.
Corporates would feel the pinch of margin pressure and hence a slowdown in earning and lowering of earning estimates in coming quarters could not be ruled out.
Sector-wise, banking, capital goods, oil refineries, cement and infrastructure would be under pressure owing to inflationary pressure, higher interest rate regime and higher crude prices and under-recoveries.
This week, stock market is likely to carry forward the gains it made last week on the back of enhanced buying by foreign funds amid hopes that blue chips, like Mahindra & Mahindra and Reliance Communications will deliver results as estimated.
The kind of rally the market witnessed on the day of the derivatives roll over and on Friday, it is very likely that it will continue with the trend as foreign institutional investors seem to have gathered confidence in the domestic equity market.
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Saturday, May 28, 2011
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Friday, May 27, 2011
market wrap up
Indian markets ends down more than 1%, Nifty slips below 5500; down 58 pts. SBI Q4FY11 net profit down 32% at Rs. 1867 Cr., NII up 38.2% to Rs. 6721.4 Cr. Global equity markets ends down on Euro debt worries & weaker economic data. Indian equity market ended down more than 1% ahead of F&O expiry last week, though, last day short covering helped Nifty to cut some losses. Nifty sliced 58 pts to settle below 5500 at 5486 while Sensex sliced 205 pts to end at 18326. Nifty is likely to consolidate in arrange of 5380 – 5600 in coming week as it lacks a trigger in coming week. Bank Nifty future plunged more than 3% shredding 367 pts to end at 10666. In frontline stocks, L&T, Reliance Power, Bajaj Auto gained 3-4% on better Q4 results. SBI Q4FY11 net profit came below expectations as it dipped 32% to Rs. 1867 Cr. vs. Rs. 2742 Cr. due to higher provisioning to Rs. 2349 Cr. vs. Rs. 1378 Cr. Though, its NII was up 38% to Rs. 6721.4 Cr. vs. Rs. 4841.9 Cr. Infrastructure space bellwether L&T's Q4 results came better than expected at Rs. 1686 Cr., up 23% y/y while its net sales advanced 13% to R15213 Cr. y/y. Food inflation slipped to 7.47% vs. 7.7% w/w due to cheaper pulses and vegetables & Fuel price inflation eased to 12.11% vs. 12.25% w/w. Global equity markets ended down with major indices of U.S and Europe in red as Euro zone debt fears haunts inventors concerning the Greek debt default, Spain election next week and series on weaker economic data. DJIA ended down 83 pts as U.S industrial production was flat while Philly fed manufacturing came down at 3.9 vs. 20.2 and existing home sales down at 5.05m vs. 5.21m. European markets ended down on Greek debt default as Euro slides down. DAX was down 135 pts at 7267, CAC was down 28 pts while FTSE was marginally up 22 pts at 5949.
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Indian markets ends down more than 1%, Nifty slips below 5500; down 58 pts.
SBI Q4FY11 net profit down 32% at Rs. 1867 Cr., NII up 38.2% to Rs. 6721.4 Cr.
Global equity markets ends down on Euro debt worries & weaker economic data.
Indian equity market ended down more than 1% ahead of F&O expiry last week,
though, last day short covering helped Nifty to cut some losses. Nifty sliced 58 pts to
settle below 5500 at 5486 while Sensex sliced 205 pts to end at 18326. Nifty is likely to
consolidate in arrange of 5380 – 5600 in coming week as it lacks a trigger in coming
week. Bank Nifty future plunged more than 3% shredding 367 pts to end at 10666.
In frontline stocks, L&T, Reliance Power, Bajaj Auto gained 3-4% on better Q4 results.
SBI Q4FY11 net profit came below expectations as it dipped 32% to Rs. 1867 Cr. vs.
Rs. 2742 Cr. due to higher provisioning to Rs. 2349 Cr. vs. Rs. 1378 Cr. Though, its NII
was up 38% to Rs. 6721.4 Cr. vs. Rs. 4841.9 Cr. Infrastructure space bellwether L&T's
Q4 results came better than expected at Rs. 1686 Cr., up 23% y/y while its net sales
advanced 13% to R15213 Cr. y/y. Food inflation slipped to 7.47% vs. 7.7% w/w due to
cheaper pulses and vegetables & Fuel price inflation eased to 12.11% vs. 12.25% w/w.
Global equity markets ended down with major indices of U.S and Europe in red as
Euro zone debt fears haunts inventors concerning the Greek debt default, Spain
election next week and series on weaker economic data. DJIA ended down 83 pts as
U.S industrial production was flat while Philly fed manufacturing came down at 3.9 vs.
20.2 and existing home sales down at 5.05m vs. 5.21m. European markets ended down
on Greek debt default as Euro slides down. DAX was down 135 pts at 7267, CAC was
down 28 pts while FTSE was marginally up 22 pts at 5949.
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share market ! how to invest?
- Don't try to time the market. As tempting as it is to try, it is not possible to time the stock market. People have written millions of pages of research on this topic and NO ONE has ever found a legitimate way to determine its trends.
- Use cost averaging. By buying stocks on a periodic basis (like once a paycheck, once a month or even once a year), you will always be buying at an average price. If you try to time the market, you may be buying at a high or low valuation.
- Take taxes into account. When you buy stocks, try to hold them for more than one year so you get taxed at the long term capital gains rate, which is currently 18%. If you sell your stock before one year, you will be taxed at your ordinary income tax rate, which is almost always higher than 18%, sometimes twice as high.Invest as much as possible into tax-sheltered 401K, 403B and IRAs. By investing in tax deferred plans, you are able to invest money and not worry about the tax implications. With 401K and 403B plans, you get to invest your earnings before taxes, so the investment will grow on a higher base. For example, if you received a paycheck for $2,000 gross pay and taxes were taken out, you'd be left with only $1,200 or so to invest. The investment return on $1,200 could be substantial, but if you could invest that same $2,000 in a tax deferred account, you would be investing and earning a return on $2,000 instead of $1,200. Also, many employers offer matching investments that could make that $2,000 investment equivalent to a $4,000 investment. Put as much as you can into these tax deferred investments.
- Diversify your investments. Don't just invest in stocks. It is better if you diversify your investments into other asset classes including real estate (a house), cash (savings account or CD) and maybe even bonds. That way, if one asset class really underperforms, you will have some exposure to the better performing assets.Diversify your stocks (mutual funds). When investing in the stock market, don't load up on just one or two stocks. Diversify your investments across many stocks. If your portfolio is not large enough to buy 15 or more different stocks, you should consider purchasing one or more mutual funds to ensure diversification.
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Wednesday, May 25, 2011
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Average customer review:
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Product Description
Life is good for Jacob Jankowski. He's about to graduate from veterinary school and about to bed the girl of his dreams. Then his parents are killed in a car crash, leaving him in the middle of the Great Depression with no home, no family, and no career. Almost by accident, Jacob joins the circus. There he falls in love with the beautiful performer Marlena, who is married to the circus' psychotic animal trainer. He also meets the other love of his life, Rosie the elephant. This lushly romantic novel travels back in forth in time between Jacob's present day in a nursing home and his adventures in the surprisingly harsh world of 1930s circuses. The ending of both stories is a little too cheerful to be believed, but just like a circus, the magic of the story and the writing convince you to suspend your disbelief. The book is partially based on real circus stories and illustrated with historical circus photographs
Product Details
- Amazon Sales Rank: #1 in eBooks
- Published on: 2011-03-01
- Released on: 2011-03-01
- Format: Kindle eBook
- Number of items: 1
Editorial Reviews
Amazon.com Review
Jacob Jankowski says: "I am ninety. Or ninety-three. One or the other." At the beginning of Water for Elephants, he is living out his days in a nursing home, hating every second of it. His life wasn't always like this, however, because Jacob ran away and joined the circus when he was twenty-one. It wasn't a romantic, carefree decision, to be sure. His parents were killed in an auto accident one week before he was to sit for his veterinary medicine exams at Cornell. He buried his parents, learned that they left him nothing because they had mortgaged everything to pay his tuition, returned to school, went to the exams, and didn't write a single word. He walked out without completing the test and wound up on a circus train. The circus he joins, in Depression-era America, is second-rate at best. With Ringling Brothers as the standard, Benzini Brothers is far down the scale and pale by comparison.
Water for Elephants is the story of Jacob's life with this circus. Sara Gruen spares no detail in chronicling the squalid, filthy, brutish circumstances in which he finds himself. The animals are mangy, underfed or fed rotten food, and abused. Jacob, once it becomes known that he has veterinary skills, is put in charge of the "menagerie" and all its ills. Uncle Al, the circus impresario, is a self-serving, venal creep who slaps people around because he can. August, the animal trainer, is a certified paranoid schizophrenic whose occasional flights into madness and brutality often have Jacob as their object. Jacob is the only person in the book who has a handle on a moral compass and as his reward he spends most of the novel beaten, broken, concussed, bleeding, swollen and hungover. He is the self-appointed Protector of the Downtrodden, and... he falls in love with Marlena, crazy August's wife. Not his best idea.
The most interesting aspect of the book is all the circus lore that Gruen has so carefully researched. She has all the right vocabulary: grifters, roustabouts, workers, cooch tent, rubes, First of May, what the band plays when there's trouble, Jamaican ginger paralysis, life on a circus train, set-up and take-down, being run out of town by the "revenooers" or the cops, and losing all your hooch. There is one glorious passage about Marlena and Rosie, the bull elephant, that truly evokes the magic a circus can create. It is easy to see Marlena's and Rosie's pink sequins under the Big Top and to imagine their perfect choreography as they perform unbelievable stunts. The crowd loves it--and so will the reader. The ending is absolutely ludicrous and really quite lovely. --Valerie Ryan
From Publishers Weekly
With its spotlight on elephants, Gruen's romantic page-turner hinges on the human-animal bonds that drove her debut and its sequel (Riding Lessonsand Flying Changes)—but without the mass appeal that horses hold. The novel, told in flashback by nonagenarian Jacob Jankowski, recounts the wild and wonderful period he spent with the Benzini Brothers Most Spectacular Show on Earth, a traveling circus he joined during the Great Depression. When 23-year-old Jankowski learns that his parents have been killed in a car crash, leaving him penniless, he drops out of Cornell veterinary school and parlays his expertise with animals into a job with the circus, where he cares for a menagerie of exotic creatures[...] He also falls in love with Marlena, one of the show's star performers—a romance complicated by Marlena's husband, the unbalanced, sadistic circus boss who beats both his wife and the animals Jankowski cares for. Despite her often clichéd prose and the predictability of the story's ending, Gruen skillfully humanizes the midgets, drunks, rubes and freaks who populate her book. (May 26)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From THE NEW YORKER
To replicate the salty vernacular of a Depression-era circus, Gruen, in her third novel, did extensive research in archives and in the field, and her work pays off admirably. The Benzini Brothers Most Spectacular Show on Earth is a roving fleabag ensemble of "cooch tents," "kinkers," and "hay burners," whose tyrannical m.c. is always on the lookout for "born freaks." Unfortunately, Jacob Jankowski, the novel's narrator and protagonist, carries less conviction than the period idiom. Recalling, near the end of his life, his work as a veterinarian for the circus and his love for a colleague's wife, he comes off as so relentlessly decent—an unwavering defender of animals, women, dwarves, cripples, and assorted ethnic groups—that he ceases to be interesting as a character.
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Customer Reviews
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1157 of 1210 people found the following review helpful.Looking for an entertaining read? You've found it!
By Lisa
What a terrific read! Water for Elephants has been lauded as a "great pick for summer", but this book is so much more. It has a depth and a substance to it that you don't usually find in your typical "beach read". It's obvious that the author did her research into the time period (post-Depression America), and the subject matter (traveling circuses). According to the author's note at the end of the book, many of the compelling anecdotes in the story were based upon real events, culled from the diaries and personal histories of old-time circus performers. As a result, Water for Elephants is a novel that boasts the rare combination of being both entertaining and informative.
The main character is a cantankerous, still-sharp 93-year-old man, and his frustration at being trapped in an old man's body is palpable. The story of his incredible life and adventures with the Benzini Brothers circus unfolds in a way that is emotionally wrenching, and yet flashes of good humor pervade throughout. The characters are richly drawn, and even the animals are given complex personalities that make them a pivotal part of the story. There is something in the novel for everyone: it is equal parts adventure, mystery, fictional memoir, love story, and historical account.
I highly recommend this book!
912 of 982 people found the following review helpful."In seventy years, I've never told a blessed soul."
By Luan Gaines
Stripped of everything after his parents' untimely death, twenty-three-year old Jacob Jankowski has failed to sit for his veterinary exams at Cornell, left with no home and no future, the country struggling through the Great Depression, bartering in goods instead of money. Hopping a train that by chance belongs to The Flying Squadron of the Benzini Brothers Most Spectacular Show on Earth, Jacob hires on to care for the menagerie, his training an entre into this bizarre world; but as the novel begins, Jacob is an old man, restricted to an assisted living home, his memories sparked by a nearby visiting circus and a creeping helplessness that assaults his ageing body: "Age is a terrible thief. Just when you think you're getting the hang of it, it knocks your legs out from under you and stoops your back."
The story is related in the somber tones of the Depression, the hardscrabble and often unscrupulous business of a traveling circus and the heartless despots who make their fortunes on the backs of men who must do anything to survive. Star performer Marlena, an equestrian, is sensitive to the needs of her horses, although her mercurial husband, August, the trainer, is obsessively jealous and given to unspeakable cruelties. Uncle Al, Benzini Brothers circus owner-by-default, is a ruthless businessman who cares little for man or beast, engaged in a quest for fame to rival the great Ringling Brothers. With his advanced training in veterinary medicine, Jacob does his best to protect the animals from their harsh existence, especially Rosie, an elephant purchased to replace Marlena's lead horse. Jacob and Rosie share an affinity for one another, the huge creature at times almost human. Because of his growing affection for Marlena, Jacob suffers August's increasing affronts, caught in a cycle of inevitable violence, certain of a reckoning.
In chapters that move flawlessly back and forth in time, from the rowdy circus atmosphere to the antiseptic corridors of the assisted living home, the world is viewed through Jacob's perspective, as he rages helplessly against the decrepitude of old age and the secrets of the past. In prose both poignant and infinitely tender, Jacob dwells in both worlds, revealing the wounds of the past and the sorrows of the present. In one touching scene, Jacob awaits a family member to escort him to the circus, yearning for the Big Top with every fiber of his being, craving the familiar sights and smells of that pivotal summer of `31, the roustabouts, the kinkers, the rubes, the animals. The denouement is devastating, as inescapable as the indifferent world that turns a blind eye to the vagrants of the 30's. Yet Jacob's spirit retains the essence of his kind nature and a respect for others, a man who will not be broken by circumstances. All is redeemed in a coup d'grace that will leave the reader strangely satisfied and richer for having met this raggedy tribe of miscreants and lost souls. Luan Gaines/ 2006.
257 of 279 people found the following review helpful.One of the best books I've read this year...
By Cynthia K. Robertson
Although it is only April, I predict that Water for Elephants by Sara Gruen will be one of the best books I read this year. Gruen has proven to be an amazing storyteller.
Water for Elephants is told in the first person but from two different perspectives--Jacob Jankowski at 23 years of age and again, at 93 years old. Gruen seamlessly weaves the chapters between past and present. Jacob at 23 is finishing up his last semester at Cornell Veterinary School when a family tragedy causes him to flee. He finds himself on a train for the Benzini Brothers Most Spectacular Show on Earth in 1931. Needing a vet, the circus hires young Jacob to tend to their menagerie. Jacob at 93 resides in a nursing home where he laments the curses of old age, the passing of his wife, and the waning affection of his family. The arrival of a visiting circus triggers a flashback to his youthful circus experiences.
1931 is a hard time for almost all Americans, and the circus workers are as hard hit as any. Most are one step away from being homeless and jobless. Conditions on the circus train are harsh for most. Many workers go weeks without being paid, and they tend to disappear during the night when times are tough (management has them thrown off the train). The menagerie is often times treated better than the workers. But the circus does provide three meals a day and a place to sleep--even it if might mean a horse blanket on a train bed floor. Jacob discovers very quickly that he's just about the only advocate the animals have and he must battle a ruthless owner (Uncle Al) and a crazy animal trainer (August).
Any circus has more than their fair share of interesting characters, and Gruen's circus is no exception. In addition to Uncle Al and August, there is Walter (the midget clown), Marlena (an equestrian with whom Jacob falls in love), and Grady and Camel (workers). One of the most sympathetic characters in Water for Elephants is Rosie, the elephant--who shares more "human" characteristics and feelings than some of the circus bosses. The tender-hearted Jacob quickly grows to manhood as he is forced to protect both animals and coworkers from abuse and worse.
Water for Elephants is a delightful, moving book, and the ending was a very pleasant surprise. Also, if you want a special treat, listen to it on audiobook. The two readers, David LeDoux and John Randolph Jones, did a wonderful job of bringing both Jacobs (young and old) to life.
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