Probable Outcomes continues the Crestmont Research tradition of full-color charts and graphs that enable investors and advisors to differentiate between irrational hope and a rational view of the stock market. The unique combination of investment science and investment art explores the market from several perspectives, and addresses the implications for a broad range of investors. Ed Easterling delivers an insightful analysis of the likely course for the stock market over the 2010 decade. Investors and advisors will benefit from this timely outlook and its message of reasonable expectations and value-added investing. This essential resource provides a comprehensive understanding of the fundamental principles that drive the stock market. Ed Easterling has hit another home run! Probable Outcomes is a brilliant follow-on to Unexpected Returns and masterfully explains, in an understandable way, the most likely directions for the stock market over the next decade. This essential resource prepares investors to succeed in volatile and challenging times. You will profit from the many valuable insights that are much more effective than hope. Source: John Mauldin, President, Millennium Wave Investments; Author of The Endgame and Bull’s Eye Investing Probable Outcomes makes a strong case that the stock market over the coming decade at best will deliver only average returns to buy-and-hold investors. Once again, as in his splendid earlier book, Unexpected Returns, Ed Easterling tells investors not what they would like to hear, but instead what they need to know. Source: Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets , Stern School of Business; coauthor of A History of Interest Rates Easterling has done it again. In an investing world obsessed with short-termism, Ed reminds us that the long-term matters, and that investors can prosper – handsomely – by recognizing that valuation and long-term secular trends have an immense impact on our own long-term investment success. Swimming against the current is for heroes and idiots, not for sensible mortals. Source: Rob Arnott, Chairman & Founder, Research Affiliates, LLC; Former Editor, Financial Analysts Journal Every captain needs a good navigator. Now investors can have Ed’s market insights helping them navigate the market’s tricky waters. In Probable Outcomes, Ed sets different courses depending on your view of inflation, the economy, and market valuations, helping you select the best investments for your course. For stock pickers wanting to understand the market environment, Probable Outcomes should never be far from reach. Source: David Meier, Senior Analyst and Writer, The Motley Fool As a practitioner and a teacher of finance and economics, I am captivated with Easterling's insights and quantification of the important and critical role of price stability in producing superior investment returns. Source: Harvey Rosenblum, Executive Vice President and Director of Research, Federal Reserve Bank of Dallas; Adjunct Professor of Finance, Southern Methodist University What's Ahead? When will the stock market again deliver better returns? Probable Outcomes continues the Crestmont Research tradition of extensive full-color charts and graphs that enable investors and advisors to differentiate between irrational hope and a rational view of the stock market. This book's empowering insights prepare you to take action during the current period of below-average returns. The unique combination of investment science and investment art explores the market from several perspectives and addresses the significant implications for a broad range of investors. Beyond concepts, Ed Easterling delivers a dramatic analysis of the likely course for the stock market over the 2010 decade. Investors and advisors will benefit from this timely outlook and its message of reasonable expectations and value-added investing. This essential resource offers a compelling understanding of the key fundamental principles that drive the stock market. Derived from years of meticulous research, Probable Outcomes provides sensible conclusions that will guide your future investment choices and allow you to invest with confidence, whatever your financial strategy. Ed Easterling holds a BBA in business, a BA in psychology, and an MBA from Southern Methodist University. He is the founder and president of Crestmont Holdings, LLC, an investment management and research firm that publishes its findings on their website. He has over thirty years of investment experience, including financial markets, private equity, and business operations. Mr. Easterling is the author of the best-selling Unexpected Returns: Understanding Secular Stock Market Cycles. He is also a contributing author to Just One Thing and coauthor of chapters in Bull's Eye Investing by John Mauldin. Easterling is a Senior Fellow and a board member at the Alternative Asset Management Center at SMU's