Getting in on the Ground Floor

In this highly readable analysis, financial strategist Leeb examines the ""secular'' (not cyclical) bull stock markets of the 1920s and post-war '50s and '60s. In them he finds four identifiable pre-conditions that he considers applicable today. Involved is the relationship of inflation rates, bond yields, money supply movements and ``real'' economic growth. Because of a current ``major realignment'' of tax, regulatory and other economic forces, Leeb's four conditions, he notes, are now phased into a rare bull-market configuration. He expects this once-in-a-lifetime opportunity for investors to propel the Dow Jones industrial stock price average above the 4000 mark. Readers are advised how to read the signs from information available in newspapers. They are also taught how to take warning and unload when the stock market bull has run its course. Fortune Book Club dual main selection. (February 19)