Market Timing for the Nineties: The Five Key Signals for When to Buy, Hold, and Sell

Going well beyond so-called ``technical'' stock-market analysis, acclaimed market-timer Leeb argues in this occasionally convoluted guide that share-price movement is governed by specific, variable but identifiable elements in the economy itself. Along with inflation and corporations' underlying quality and value, Leeb--assisted by Utility Forecast editor Conrad--looks to an interplay of commodity prices, unemployment figures, interest rates, money-supply trends and price/earnings ratios of specific stocks for ``a sure-fire indication of what stocks will do over the next 12 months.'' The authors' ``buy'' and ``sell'' signals reflect their conclusion that ``stock prices are always based on expectations of future growth, not what's happening now.'' In the end, after explaining in a numbingly complex formula how to prosper in all kinds of markets, Leeb recommends buying quality household stocks like General Electric--provided one's timing is right. $25,000 ad/promo; author tour. (Aug.)