Stephen Leeb, PhD

Dr. Stephen Leeb's purpose in writing this book is to help investors deal with what he predicts will be a stagnant stock market. The author argues that in the next ten years the incredible bull market of the 1980s and 1990s will end and the country will experience great inflation, including $5-a-gallon gasoline and mortgage rates in the high teens. Fast forward to 2020, indeed, Dr. Stephen Leeb was correct in his predictions made at the time of this book's publication in 1997. Regardless of when this book was written, Dr. Leeb's incredible insight into the cyclical nature of the stock market allows for you to apply these investment principles to any era. In the 'Agile Investor' Dr. Stephen Leeb cites lack of economic growth, a continued threat from foreign competition, a crisis in the American education system, and huge amounts of debt as reasons why he has made the aforementioned predictions. He claims that the days of buying a stock and holding it are over, because a volatile market will require investors to use market timing to buy and sell stocks at precisely the right moment. Dr. Leeb offers a well-written, easy-to-understand text with a premise that lay investors should heed?