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• PLEASE CHECK ALL CONTENTS OF THE COURSE BELOW!
• Barclay T.Leib - Measuring Financial Time The Magic of Pi "This analysis originally appeared Feb 25, 2001 on Sandspring.com.
• It is a long term look at cyclical equity market rhythms, but now four months old, it is also slightly dated in parts.
• Specifically, when Mr. Leib's $294.50 Fibonacci gold target mentioned in the article was reached, he advised to book profits and turned short-term neutral gold." In a recent book Stock Cycles (Writers Club Press, iUniverse.com, 2000) Michael Alexander does an admirable job debunking the notion that the "the best time to buy stocks is always now because stocks in the long run always go up." Starting with statistical history, he shows that given the valuation levels at the beginning of 2000, "there is a 75% chance of negative capital gains return over the next 20 years," and a "zero percent chance of the S&P 500 returning even 15% over the next five years." Given the recent drubbing of the S&P 500, Alexander looks to have been singularly prescient.
• It's too bad book publishers take so long to put good copy into final bound form.