Green Book June 1983
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Featured Articles
Bond Market Summary
In recent weeks the municipal market has been relatively weak compared to other fixed income markets. Long municipal yields are now 89% of long T-bonds, back up to about the levels where we recommended our unorthodox move in early February. It looks like a great opportunity.
Bull Market Dynamics, Inflation Watch & Mutual Fund Mania
An updated graphic and statistical comparison of the current bull market with bull markets of the past. It still appears the current inflation complacency will be upset in coming months. The public is clearly stampeding back into the equity arena, to a large degree via mutual funds.
Inside the Stock Market
The popular market averages recorded little net change over the last five weeks even though the unweighted price indices have continued to move higher. We continue to believe the market is on pretty shaky ground near term.
View from the North Country
Buying the Worst-Managed Companies: An addendum to our feature of a few months ago. This time we look at Fortune magazine’s best-managed and worst-managed selections. Guess which have performed best in the market? Do You Know Your Banks?: Do you know all the new bank names? If you do you might win a prize in our new contest.
What’s New with Investment Concepts?
This update on our research presents three areas of potential interest and also explains why we don’t put much (if any) stock in the fast, coming into vogue “demographic plays.”
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
Bond Market Summary
In recent weeks the municipal market has been relatively weak compared to other fixed income markets. Long municipal yields are now 89% of long T-bonds, back up to about the levels where we recommended our unorthodox move in early February. It looks like a great opportunity.
Bull Market Dynamics, Inflation Watch & Mutual Fund Mania
An updated graphic and statistical comparison of the current bull market with bull markets of the past. It still appears the current inflation complacency will be upset in coming months. The public is clearly stampeding back into the equity arena, to a large degree via mutual funds.
Inside the Stock Market
The popular market averages recorded little net change over the last five weeks even though the unweighted price indices have continued to move higher. We continue to believe the market is on pretty shaky ground near term.
View from the North Country
Buying the Worst-Managed Companies: An addendum to our feature of a few months ago. This time we look at Fortune magazine’s best-managed and worst-managed selections. Guess which have performed best in the market? Do You Know Your Banks?: Do you know all the new bank names? If you do you might win a prize in our new contest.
What’s New with Investment Concepts?
This update on our research presents three areas of potential interest and also explains why we don’t put much (if any) stock in the fast, coming into vogue “demographic plays.”