Beat the Millennium Crash: How to Profit from the Coming Financial Crisis

New York: New York Institute of Financ, 1999. First Edition. Hardcover. Fine/Fine. A highly collectible first edition/printing, protected in a new brodart wra pper, no inscriptions or markings, this is not an ex-library or BOTM editio n; For Jake Bernstein, the millennium is bad news. The stock market will crash , panic will ensue, and today's paper millionaires will become tomorrow's p aupers. In Beat the Millennium Crash, Bernstein, a noted futures trader who se previous books include The Compleat Day Trader and How the Futures Marke ts Work, sees a confluence of trends and patterns that will culminate in a dramatic stock market panic that could be triggered by problems associated with the Y2K bug. At the heart of Bernstein's argument is the idea that interest rates determ ine the direction of the stock market and overall economic activity. He bel ieves rates are approaching a 54-year bottom, and that "there is no reason to believe that the patterns in interest rates have changed or that the mar ket has ceased to be cyclical." Rising rates will cripple the current bull market, and investments that are out of favor today, such as precious metal s, will be one way to profit in this gloomy environment. While Bernstein do esn't think that we'll all turn into pumpkins at midnight on New Year's Eve , he does see the end to the current stock market party happening by 2004. Bernstein particularly likes gold as a hedge to this bearish scenario as we ll as a healthy amount of cash. No one likes a party pooper or a contrarian , but his advice just might profit those who listen. --Harry C. Edwards From Library Journal Bernstein is the author of more than 20 books, including The New Prosperity. Though his formal educati.