Investing in the Second Lost Decade May 1, 2012

Investing in the Second Lost Decade
A Survival Guide for Keeping Your Profits Up When the Market Is Down

Authors: Martin J. Pring, Joe D. Turner, Tom J. Kopas
ISBN: 9780071797443
©2012 | 1^st Edition | 224 pages | Hardback
Pub Date: JUN-12
Price: US$ 30.00

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How to survive 10 more years of down markets

As bestselling finance author Martin J. Pring, Joe D. Turner, and Tom J. Kopas argue in Investing in the Second Lost Decade, based on previous market cycles, it is not difficult to conclude that the current secular bear market has further to run in duration and valuation. In fact, they believe that the current bear market is only halfway over in terms of years and recessions, and price-to-earnings ratios will have to return to bargain levels before the secular bear market bottom is within reach. But while the authors certainly have a pessimistic market outlook for the upcoming six to ten years–a time period they have dubbed the “Second Lost Decade,” thanks to its similarities to Japan’s Lost Decade–Pring, Turner, and Kopas emphasize that if investors are willing to discard the buy-and-hold, indexing, and passive asset allocation strategies that have bolstered them in past secular bull markets and instead start following the proven investing strategies outlined in Investing in the Second Lost Decade, they will be able to build their wealth–even as the market is contracting.

Why should investors step away from the investing strategies they trust the most as they try to navigate their way through the Second Lost Decade. As the authors explain in Investing in the Second Lost Decade, while buy-and-hold investors will be hobbled by their tendency to clutch onto their assets, cross their fingers, and hope that the economy improves, those who follow the authors’ flexible, market-tested investment strategy will be able to actively adjust their portfolio asset allocation to take advantage of emerging profit opportunities as new economic developments unfold. Readers of Investing in the Second Lost Decade will learn:

• The rationale behind the authors’ pessimistic economic forecast, including why concurrent secular bull markets in interest rates and commodities in combination with a secular bear market in equities spells out six to ten more years of contracted markets;
• Simple techniques for pinpointing and profiting from key economic events through the use of moving averages and leading economic indicators;
• All about the various sectors within individual industry groups, including how these sectors are represented by ETF families, what stage of the economic cycle each sector should be owned or avoided, and how to successfully rotate specific sectors into and out of a portfolio;
• And how the Dow Jones Pring Turner Tactical Asset Index can contribute to overall investment success during the Second Lost Decade.

About the Author

Martin J. Pring entered the financial markets in 1969 and has grown to become a leader in the global investment community. In 1981 he founded Pring Research and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the “Intermarket Review”, a monthly market review offering a long-term synopsis of the world’s major financial markets. Martin pioneered the introduction of videos as an educational tool for technical analysis in 1987, and was the first to introduce educational, interactive CDs in this field.

Demanded as a speaker worldwide, he is the author of several outstanding books including, Introduction to Technical Analysis, Martin Pring on Market Momentum, and Technical Analysis Explained, now in its fourth edition. In 2002, McGraw-Hill released six new Pring titles, including Technician’s Guide to Day and Swing Trading, Breaking the Black Box, Introduction on Candlestick Charting, How to Select Stocks, and the two-volume set, Momentum Explained.

Joe D. Turner is principal of Pring Turner Capital Group and has been serving investors since 1968. He has been providing fee-only investment management since 1977. Joe is known for his economic and business cycle research and has lectured extensively around the country on these subjects.

Tom J. Kopas began his career in the investment industry in 1981 and spent more than twenty years as a financial consultant with major Wall Street brokerage firms, and joined the Pring Turner team in 2002.