Stephen Leeb

Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.

Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.

Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.

Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.

Analyst Articles

The market is finally beginning to exhibit a more typical level of volatility. That’s not surprising, given the emergence of political factors, national and international, that are starting to have an economic impact. For instance, the recent arrests in Saudi Arabia of large numbers of the elite business and ruling… Read More

Sell to close the SPDR S&P 500 ETF (NYSE: SPY) March 16, 2018 $258 put option. Take the gain in the March SPY put. Read More

Frustratingly, the indicators remain largely unchanged over the past week. Our gold indicators – both for stocks and the metal – which had moved from solidly negative territory onto neutral ground and had shown signs of continuing into a buy zone – instead retreated and now are entrenched in neutral… Read More

Buy to open the SPDR S&P 500 ETF (NYSE: SPY) March 16, 2018 $258 put option. Our stock indicator is negative enough to warrant initiating a put against the market. We like the SPY March 16, 2018 $258 put. Read More

A big surprise has been how quickly the gold indicators have improved. But they still are not flashing outright buy signals, and until they do, I will hold off opening a call position on either gold stocks or the metal itself. In retrospect, I wish now that I had followed… Read More

The most negative indicators remain those related to gold and oil the resources and gold and oil stocks. That’s tough for me in that I’m decidedly bullish on both gold and oil over the longer term. Still I decided to bite the bullet this week with a put option on… Read More

Buy to open the Continental Resources (NYSE: CLR) December 15, 2017 $37 put option. Our indicator readings support buying to open a put against oil stocks. We like the CLR December 15, 2017 $37 put.  … Read More

We’re still a few months away from January 1, 2018, but I’m making my New Year’s resolution early: no more second-guessing my indicators. Last week when I sold the oil put, my decision came despite ongoing negative signals from my oil stock indicator. Had I heeded them, it would have… Read More