From Publishers Weekly
Investment-newsletter publisher Weiss and business journalist Lowe suggest that wealth is an all-but-sure result of investing according to recurring stock market cycles. In their technically detailed, conservative analysis, the authors recommend careful study of high grade issues with steady dividend-increase records. Investors should buy shares when the stock is undervalued in relation to dividend yield, then sell (reinvesting elsewhere) when a bullish trend drives the share price up to an overvalue level. "Bull markets end when price/yield ratio stands at three percent." Analyzing past market movement and individual stock performance in various categoriesindustrials, utilities, food, electronics, etc.Weiss and Lowe make a strong case for their system, but they could have spelled out more extensively the net effect of transaction-related tax consequences and broker-commission costs, considering all the in-and-out activity the system calls for. 20,000 first printing; author tour.
Copyright 1988 Reed Business Information, Inc.
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