It's depressing that the best-selling investment book of the year is Robert Prechter's Conquer the Crash. The buyers of this book are probably those who, in 1999, sent all those day-trading titles to the top of the investment book charts. It is unlikely to serve them any better. As I explained in this column in August, Conquer the Crash argues that investment markets will fall by 90 per cent from their current level. The most Christmassy suggestion you'll get from Mr Prechter would be that if you are still reading the investors chronicle, you must be nuts. Since you are, here is my list of books that you might prefer to unwrap on Christmas Day.
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