By Harry D. Schultz
John Wiley & Sons
New York (2002)
177 pages, $50
Harry Schultz has been in the investment arena for more than 40 years. He has been editor of the International Harry Schultz Newsletter since 1963 or so, has written more than eight books on financial matters and has consulted on investments.
His latest book goes well beyond his 1964 book on bear markers by covering today's environment. The book is divided into 20 chapters and seven major categories including:
* The Bear Background
* Economic Setting for Bear Markets
* Structure of Bear Markets
* Tools for Measuring Bear Markets
* Money-Making Tactics
* The Emotional Aspect
* Predictions and Conclusions
Schultz's goal is to aid investors in making investment decisions in bear markets, bull market corrections and recessions. He reviews the history of bear markets since 1900 and notes that in the last 90 years bear markets have consumed 35% of the time. This certainly shows that the buy-and-hold strategy is not a smart one.
Additional topics covered are specific economic and market indicators that Schultz believes identifies the end of a bear market and the beginning of a bull market. …