Introduces five specific indicators for evaluating the stock market that investors can use to assess financial possibilities in any economic environment
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Going well beyond so-called "technical" stock-market analysis, acclaimed market-timer Leeb argues in this occasionally convoluted guide that share-price movement is governed by specific, variable but identifiable elements in the economy itself. Along with inflation and corporations' underlying quality and value, Leeb--assisted by Utility Forecast editor Conrad--looks to an interplay of commodity prices, unemployment figures, interest rates, money-supply trends and price/earnings ratios of specific stocks for "a sure-fire indication of what stocks will do over the next 12 months." The authors' "buy" and "sell" signals reflect their conclusion that "stock prices are always based on expectations of future growth, not what's happening now." In the end, after explaining in a numbingly complex formula how to prosper in all kinds of markets, Leeb recommends buying quality household stocks like General Electric--provided one's timing is right. $25,000 ad/promo; author tour.
Copyright 1993 Reed Business Information, Inc.
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