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Nine well-known Wall Street investors and analysts agreed that stock valuations deserve greater attention in 1999. Predictions about US economic growth, Japan and Brazil, and the stock market were mixed, but no one predicted a global economic meltdown. Participants included Barton Biggs, chairman of Morgan Stanley Dean Witter Investment Management; Scott Black, president of Delphi Management; Meryl Buchanan of Buchanan Parker Asset Management; Mario Gabelli of Gabelli Funds; Archie Macallaster of MacAllaster Pitfield MacKay; John Neff, retired managing partner of Wellington Management Co; Art Samberg of Pequot Asset Management; Oscar S. Schafer of Cumberland Associates LLC; and Felix Zulauf of Zulauf Asset Management.

An investment analyst describes the investments he believes are overvalued and undervalued, and those that will not be profitable in several years. Commercial real estate, Japanese investments, pro teams and employees are some of the overvalued investments, while cash and bonds are recommended.

A history of the annual rates of return from a multitude of investments is discussed. Returns from stocks, bonds, real estate, and commodities are presented to help determine where assets should be placed to have greater chances of enhancing real wealth.

A satirical look is taken at a hypothetical investor who reacts to the stock-market and economic data too quickly.

Presents a sampling of advisory opinion on the direction of the stock market as of April 20, 1998.

Presents a sampling of advisory investment opinions released between December 7 and 17, 1996. Predictions of a bear market on the way; US Federal Reserve Chairman Alan Greenspan's personality; Predictions of a continuation of the bull market; Other details.