Product Description

Written by seasoned Wall Street prognosticator Peter Schiff–author of the bestselling book Crash Proof: How to Profit from the Coming Economic Collapse–The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.

Product Details

• Amazon Sales Rank: #89696 in Books
• Published on: 2008-09-26
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 304 pages

Review
"Certainly a savvy buy in the current climate...timely advice on how to survive the bear′s bite." (CEO Middle East, November 2008)

From the Inside Flap

"Peter Schiff is one of the few financial analysts who understands the Federal Reserve′s responsibility for the boom–and–bust cycle plaguing the American economy. Anyone wishing to know why the American economy is in trouble should add this book to their reading list."
—Ron Paul, United States Congressman

"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."
—Glenn Beck, host, The Glenn Beck Program

"Peter Schiff understands the big financial picture better than most Wall Street professionals. Investors—with or without experience—will benefit from his insights, making this book a must–read."
—Jim Rogers, international investor and author of A Gift to My Children

From the Back Cover

In the wake of declining stock prices, the bursting of the real estate bubble, and a weakening dollar, the American economy is poised for a prolonged contraction and U.S. stocks will suffer a protracted bear market, so says seasoned Wall Street prognosticator Peter Schiff. Having accurately predicted the current market turmoil in his recent bestseller Crash Proof: How to Profit from the Coming Economic Collapse, the CNBC–dubbed "Doctor Doom" has helped savvy investors protect their portfolios in some very turbulent markets—and now, he′ll show you how to do the same.

Written in a straightforward and accessible style, The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and pre–scriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.

In detailing lessons learned from the 1930s and 1970s—and from the ways people invested when other economies experienced high inflation, collapsed markets, and rising interest rates coupled with declining currencies—The Little Book of Bull Moves in Bear Markets shows you how to successfully implement various bull moves so that you can preserve, and even enhance, your wealth within a prosperous or an ailing domestic economy. Strategies include a top–down investment approach; cutting expenses where you can; buying high–yielding equities in resource–rich and rapidly growing foreign markets; and investing in commodities, natural resources, and precious metals. Plus, at the end of each chapter, Schiff provides you with witty and insightful "parting words" that provide core advice for you to use as you work toward growing your wealth in any market environment.

Smart investing will always pay off; the key lies in using the best strategies for the market at hand. For investors who see the writing on the wall, but don′t know what to do about it, The Little Book of Bull Moves in Bear Markets offers timely insights into how you can protect your portfolio and even profit during these uncertain economic times.

Customer Reviews

Contrarian investment guide
Author Peter D. Schiff explains how he positioned his clients when he saw the current bear market coming, and warns you about what he sees as the imminent collapse of the U.S. dollar and the U.S. economy. He recommends that readers get their money out of the U.S. market, invest abroad, and even consider emigrating altogether and opening a business in a BRIC country (Brazil, Russia, India and China). Schiff elaborates on the risk of living in an American city "with an inner-city population." This short book full of breathlessly long sentences explains Schiff's end-of-life-as-we-know-it investment philosophy, including why he thinks that playing the commodities markets by investing in futures is safer and sounder than trusting the U.S. government and financial structure. getAbstract recommends his book to readers who want to hear every point of view about the U.S. economy, including the very worst-case scenario. And even if the worst is occurring, says Schiff, you still have some investment options.

Very 'now' but not nesc tomorrow
I've read several of the 'little books' range and generally they are good and well written for the non-finance geek and this is no exception.

The reason I have only given it 3 stars is that it does not actually take it on to provide a definite game plan beyond the near(ish) future.

The book starts out with a very good piece on the issues we now face and how we got here, including some proof that the author called this back in 2007 amidst much derision. This is all pretty informative and well written.

Where I feel this book falls down is that the other books in the series I have read have given back tested styles of investing. Although these all suffer the intermittent glitches, as any style will, they can be applied in the future and used to develop your own style of investing.

This book simply gives an overview of the recent past and what you should do now, but nothing too much about future economic cycles. More importantly there is lots of subjective advice, but very little concrete back-testing beyond retelling of how he called this right.

Now I am not arguing with Mr Schiff's reasoning or intellect, but that this is great for now, but what happens when things move on as they invariably will? You will need to find someone else that 'gets' it then and tell you what to do again at that point.

So to sum up, if you want to get a better understanding of the economic mess we are in in the latter part of 2008 and some suggestions about what to do now, this book is pretty good.

However, if you are looking for something that could be the basis of an investing approach for the long term or if you are looking at this during some future economic cycle, then it's probably not going to be so useful.

A quote from P221 encapsulates the flakiness of this book...
"It might also be a good idea to buy a handgun and lots of extra ammunition to protect your supply. [The author having just advised stockpiling cornflakes!] Let's hope you never have to use it, but given the potential for civil unrest, it's always better to be prepared. Besides, even if never used, my guess is that the prices of both guns and ammunition will rise sharply, particularly if the government limits their future availability through legislation. Just think about it as another investment. I'm bullish on metal, and there is plenty of lead in bullets."
So there you have it - futures in corn through cornflakes and in metal through guns + bullets - thank goodness for Amazon's returns policy.