In the late '90s, when the market was going up almost every day, investing was easy and everybody was a genius. Things have changed, and those who haven't changed their strategies have gotten clobbered. Mr. Schultz gives good ideas for preserving your account in rough times. I subscribe to several great sites, among them thestreet.com and tradingmarkets.com, and this, combined with some strategies in Mr. Schultz's book, have helped me to keep most of my account intact through this market.

I just finished ready this book for the second time. I had ordered it prior to release on the basis of Harry Schultz's reputation, alone. This book is worth ten times it's cost. If you are committed to wealth creation, if you are willing to do the work and are open to other's opinions, then read this book. Harry does not preach the merits of technical analysis; he presents the history of market action, correlates it to technical indicators and lets the reader accept or disregard the evidence. He also challenges the "Ameri-central" view of geopolitical and geoeconomic events and activity, and further challenges the reader to seek the most accurate information on which to base decisions. Lastly, he's a fluid and entertaining writer. The book is filled with relevant quotations from Dow, Churchill and Emerson.

If you had acted on the advice in this book 3 years ago you would be rich, but don't let that stop you from reading it now. By most historical models the stock market remains wildly overvalued and the information in this book retains its validity today. This book is a joy to read and offers balance to the talking heads at CNBC and the other mainstream media outlets that could never call a top to the market, but issue new prognostications about a bottom every week. The information on short selling alone is worth the price of the book.