Investing in the second lost decade : a survival guide for keeping your profits up when the market is down /
Martin J. Pring, Joe D. Turner, Tom J. Kopas.
- 1st ed.
- xviii, 248 pages : illustrations; 24 cm.
Includes index.
Referred to by Barrons as a technicians technician, Martin Pringalong with expert researchers and investors Joe Turner and Tom Kopasprovides a compelling argument backed by abundant evidence that the economic downturn is only half over in terms of years and recessions. Price-to-earnings ratios, they argue, will return to bargain levels before the secular bear market ends
Introduction: are you prepared for another lost decade ahead? Why a second lost decade lies ahead What are secular trends in stocks and why they matter to you What forces cause secular trends in equity prices? : what do the turning points look like? Inflation, inflation, inflation! : the secular bull market in commodities is already well underway Looking out for a potential change to the upside for interest rates Introduction to the business cycle How the business cycle can be used as a roadmap for investing in bonds, stocks, and commodities How to identify the stages using easy to follow indicators Introducing the dow jones pring business cycle index : the all-season answer for the smiths Portfolio risk management Do it yourself or hire a money manager? Conclusion and resources for additional information Appendix A: Additional signs of secular turning points for equities Appendix B: Supplementary observations relevant to the secular commodity bull market Appendix C: Global aspects to the secular bear market in stocks Appendix D: A guided tour of asset rotation around the business cycle Stage I (Only bonds are bullish) Stage II (Only commodities are bearish) Stage III (Everything is bullish) Stage IV (Bonds begin a bear market but stocks and commodities remain bullish) Stage V (Only commodities are bullish) Stage VI (Nothing is bullish) Summary