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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (49635)5/7/2004 7:33:24 AM
From: tom pope   of 74559
 
One more thing, I would never work with a financial advisor, such as Mauldin is, who gives these black and white forecasts. That is the problem with most investors and advisors, they don't assign probabilities

Actually, in his book "Bullseye Investing", Mauldin doesn't give a black and white forecast. He is saying that at present level of valuations a return to the secular bull is improbable.

Also, he readily agrees that 50% rallies within the secular bear are likely. He isn't calling for a crash, but a period of flat stock prices, basing himself on the behavior of past bear markets.

A good book, btw, but maddeningly prolix and repetitive. Could have been written in half the number of pages.
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