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Description of Valuing Wall Street

James Tobin's celebrated q ratio has predicted every major market top in the last century. Valuing Wall Street is the first comprehensive guide to apply this ratio to today's stock market -- and find Wall Street dangerously overvalued! It shows the reader how to calculate q, use it to predict when the market will plunge, and take protective steps before it's too late. More than just a guide to q, however, Valuing Wall Street is a complete guidebook for protecting profits in turbulent markets. It provides timely information for all investors with too much of their savings tied up in equities, discussing: -- How to decide which stocks to buy -- and when to stay on the sidelines -- Which investments rate highest as solid alternatives to stocks -- Best strategies for hanging on to gains during volatile times

Title Information

ISBN:

9780071354615

Pages:

352 pages

Format:

Hardback

Product Code:

12475

Publisher:

McGraw-Hill Professional

Published:

24/03/2000

Edition:

1st Edition

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Contents of Valuing Wall Street

Part One: The Case for q
1. The Good News and the Bad News About q
2. On q
3. q and the Long-Term Investor
4. q Versus the Competition

Part Two. Stock Market Risk and Return
5. The Power of Compound Interest (or How to Oversell Stocks)
6. The True Impact of Stock Returns
7. Stock Market Risks: some History
8. Stock Market Risks: The Impact on Investors

Part Three: q And The Value of Wall Street

9. The Meaning of Stock Market Value
10. Stock Picking or Aggregate Value?
11. What Hindsight Tells Us About Stock Market Value
12. A Closer Look at q
13. What q Could Have Told Investors About Value in the Past
14. q as an Investor Tool

Part Four. q And The Future of Wall Street
15. The Bad News About Stocks as Investments for the Long Run
16. Why q Has Risen, and Why q Will Fall
17. The Good News About Stocks As Investments for the Long Run

Part Five: Surviving the Bear Market
18. What to Do with Your Money
19. What Not to Do with Your Money

Part Six: How to Value the Stock Market
20. How to Value the Stock Market: Four Key Tests for Any Indicator of Value
21. The Dividend Yield
22. The Price-Earnings Multiple
23. The Adjusted Price-Earnings Multiple
24. Yield Ratios and Yield Differences
25. Corporate Net Worth and q
26. q-Equivalence
27. q and the Dividend Discount Model

Part Seven: q And the ANTI-qs
28. The q Debate Among Economists
29. The Equity Risk Premium and Stock Market Valuations
30. The q Debate Among Stockbrokers

Part Eight: q And The U.S. Economy
31. Past Falls in q and Their Economic Impact
32. The Economic Consequences of Alan Greenspan