Valuing Wall Street: Protecting Wealth in Turbulent Markets

Offers massive evidence that today's stock market is overvalued and is subjecting investors to the highest financial risk in history. Shows that extreme values of q preceded every major market top of the 20th century, and tells how to prepare investment portfolios against catastrophic losses, as well as how to track q to determine when to get back into the stock market. Smithers is founder of a company that provides asset allocation advice to fund management companies, and he is also a newspaper columnist. Wright spent several years with the Bank of England and now teaches and conducts research at Cambridge University. Annotation c. Book News, Inc., Portland, OR (booknews.com)