Green Book June 1987
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Featured Articles
Bond Market Summary
For the time being, negative pressures seem to have subsided for the bond market. We don’t think the decline in bond prices is over, but June should allow for a little rest and rehabilitation on the part of the players.
Client Questions
Most of last month’s questions have been addressed in other sections of this month’s publication, but here are some ‘‘leftovers”.
CrossCurrents in May
In terms of sectors and groups, May was an interesting month, even though the popular averages ended the month unchanged.
Dow Jones 9000…..By 2007?
Sound like a tall order? This is what the DJIA must achieve to match the total return from a 20-year zero T-bond over the next 20 years.
Indicators Continue to Deteriorate
Our composite Major Trend Index has continued to deteriorate and is decidedly negative. It is no longer just the Intrinsic Value measures that are warning us of trouble ahead.
Joke of the Month
My friend John Brooks at Marshall & Company in Atlanta has become increasingly disturbed because his jokes are never printed in this publication. Actually, for the most part, the Postal authorities would not allow John’s jokes to pass through the mail. But here are two recent entries that should make it.
The Farm Belt: Dirt Cheap
For those who have survived, things are looking up down on the farm. Land prices are down through most of the Midwest, close to matching the previous great farmland bear market, 1920 to 1932. We think farmland is bottoming out. If you want to invest in farmland we give you some advice.
View from the North Country
Doing the MTA and FAF conferences in May....The polite nods and smiles are waning as the Japanese come to increasingly believe they are scapegoats for America’s economic woes...Even though we think the currency play in the Australian dollar may be played out for a while, the high yields in themselves are very attractive. All in all, we find Aussie bonds to be a comfortable investment area these days.
Table of Contents
Stock Market
- View from the North Country
- Indicators Continue to Deteriorate
- Client Questions
- The Farm Belt: Dirt Cheap
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Bond Market Summary
For the time being, negative pressures seem to have subsided for the bond market. We don’t think the decline in bond prices is over, but June should allow for a little rest and rehabilitation on the part of the players.
Client Questions
Most of last month’s questions have been addressed in other sections of this month’s publication, but here are some ‘‘leftovers”.
CrossCurrents in May
In terms of sectors and groups, May was an interesting month, even though the popular averages ended the month unchanged.
Dow Jones 9000…..By 2007?
Sound like a tall order? This is what the DJIA must achieve to match the total return from a 20-year zero T-bond over the next 20 years.
Indicators Continue to Deteriorate
Our composite Major Trend Index has continued to deteriorate and is decidedly negative. It is no longer just the Intrinsic Value measures that are warning us of trouble ahead.
Joke of the Month
My friend John Brooks at Marshall & Company in Atlanta has become increasingly disturbed because his jokes are never printed in this publication. Actually, for the most part, the Postal authorities would not allow John’s jokes to pass through the mail. But here are two recent entries that should make it.
The Farm Belt: Dirt Cheap
For those who have survived, things are looking up down on the farm. Land prices are down through most of the Midwest, close to matching the previous great farmland bear market, 1920 to 1932. We think farmland is bottoming out. If you want to invest in farmland we give you some advice.
View from the North Country
Doing the MTA and FAF conferences in May....The polite nods and smiles are waning as the Japanese come to increasingly believe they are scapegoats for America’s economic woes...Even though we think the currency play in the Australian dollar may be played out for a while, the high yields in themselves are very attractive. All in all, we find Aussie bonds to be a comfortable investment area these days.
Stock Market
- View from the North Country
- Indicators Continue to Deteriorate
- Client Questions
- The Farm Belt: Dirt Cheap
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
