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VALUING WALL STREET: PROTECTING WEALTH IN TURBULENT MARKETS

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In recent years, stock investors have led a charmed life. Buoyed by ever rising bull market, they have taken advantage of-and even come to expect- historically unprecedented returns, without paying much attention to risk. In fact, during raging bull markets, the inherent risk of investing is a principle all-too-often forgotten.

But the stock market has a way of issuing stunning reminders. Nobel laureate James Tobin's q ratio shows that when the market reached its previous highest levels in August 1929 and November 1968, the question wasn't if stocks were headed into a major bear market... the question was when. The answer came when both peaks were followed by major bear markets, each of which slashed real stock prices by more than half.

Valuing Wall Street offers massive evidence that today's stock market is even more overvalued, subjecting investors to the highest financial risk in history. It stands tall in the face of today's rampant euphoria, explaining how you can protect your portfolio against a downturn that is overwhelmingly likely to occur.

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Availability

10000723

332.6 SMI v

RLC MM (Rak Buku Umum)

Available

Detail Information

Series Title

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Statement of Responsibility

Andrew Smithers

Call Number

332.6 SMI v

Publisher

New York : McGraw-Hill., 2000

Collation

x, 357 p. : ill ; 23cm.

Language

English

ISBN/ISSN

0-07-135461-1

Classification

332.6

Content Type

-

Edition

-

Subject(s)

Buku Umum
Investment

Specific Detail Info

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