Yes, You Can Time the Market!

Economist, actor, author, and former quiz show host Ben Stein teamed up with investment psychologist Phil DeMuth to examine a century of stock market data and discovered a profound and original investment truth: Yes, you can time the market! In their instant investment classic Yes, You Can Time the Market!, Stein and DeMuth show investors simple, readily available measurements that tell them when it's time to invest in stocks, bonds, real estate, or cash. Written for the investor who wants to preserve capital and build wealth steadily, this book offers prudent, bedrock advice for anyone who can no longer afford to play games with their money.

Chapter One The Impossibility of Market Timing 1 Chapter Two The Power of Price 9 Chapter Three The Price/Earnings Ratio 29 Chapter Four Dividend Yields and Market Timing 51 Chapter Five Fundamental Value 69 Chapter Six Bonds, Price-to-Cash Flow, Price-to-Sales 87 Chapter Seven Combining Factors for Superior Returns 103 Chapter Eight Using Market Timing 135 Chapter Nine Looking Forward: A Note of Caution 165 Appendix 179 Bibliography 183 Index 187