Green Book December 1988
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Featured Articles
All Systems Are “Go”
As indicated in our November 29th Interim Memo, our Early Warning Index, which is designed to detect intermediate stock market bottoms, turned positive as of the November 28th calculation. I expect a significant rally in December.
Bond Market Summary
Forget about the economy, forget about the uptick in the CPI, and forget about the bulge in bond supply. U.S. interest rates rose in November because the dollar went down.
Joke of the Month
This month there is a tie. While Dick Perkins’ political joke would have been more appropriate a month ago, it is so cute. Even if you happen to be a Democrat, it is still cute. The second winner comes from Walter Deemer (Deemer Technical Research). Walter resides in Florida, but don’t all technicians live in Florida these days?
More on VLT Momentum....And Some Words From The Originator
As promised, in this issue we present the very long-term record of this long-term low risk stock market momentum tool. With a data assist from Bill Doane of Minuteman Financial in Boston, we can now present the record tracking back to 1897.
Our New Airline Play
In September and October, we viewed the improved market action of the “Airlines” as possibly only a knee jerk response to lower oil prices. But in November, oil prices strengthened and so did the airlines. Clearly, more was going on than just lower oil prices.
Scanning the Markets
For the month of November, the S&P 500 lost 1.9%, with the DJIA down 1.6%. The Russell 2000 (a good measure of secondary issues) was down 3.6%. Blue chip growth groups and Utilities tended to dominate the leaders along with Airlines.
View from the North Country
Holiday Wishes...New Quarterly Publication BenchMarks Will Be Introduced and Sent at No Extra Cost to All Clients... Client Questions Answered
“Playing the Bounce” …The January Effect
This year we have decided to “play the bounce” with 8% of our model’s equity assets. The market environment looks right and we have confidence in our quantitative and qualitative judgement disciplines.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
All Systems Are “Go”
As indicated in our November 29th Interim Memo, our Early Warning Index, which is designed to detect intermediate stock market bottoms, turned positive as of the November 28th calculation. I expect a significant rally in December.
Bond Market Summary
Forget about the economy, forget about the uptick in the CPI, and forget about the bulge in bond supply. U.S. interest rates rose in November because the dollar went down.
Joke of the Month
This month there is a tie. While Dick Perkins’ political joke would have been more appropriate a month ago, it is so cute. Even if you happen to be a Democrat, it is still cute. The second winner comes from Walter Deemer (Deemer Technical Research). Walter resides in Florida, but don’t all technicians live in Florida these days?
More on VLT Momentum....And Some Words From The Originator
As promised, in this issue we present the very long-term record of this long-term low risk stock market momentum tool. With a data assist from Bill Doane of Minuteman Financial in Boston, we can now present the record tracking back to 1897.
Our New Airline Play
In September and October, we viewed the improved market action of the “Airlines” as possibly only a knee jerk response to lower oil prices. But in November, oil prices strengthened and so did the airlines. Clearly, more was going on than just lower oil prices.
Scanning the Markets
For the month of November, the S&P 500 lost 1.9%, with the DJIA down 1.6%. The Russell 2000 (a good measure of secondary issues) was down 3.6%. Blue chip growth groups and Utilities tended to dominate the leaders along with Airlines.
View from the North Country
Holiday Wishes...New Quarterly Publication BenchMarks Will Be Introduced and Sent at No Extra Cost to All Clients... Client Questions Answered
“Playing the Bounce” …The January Effect
This year we have decided to “play the bounce” with 8% of our model’s equity assets. The market environment looks right and we have confidence in our quantitative and qualitative judgement disciplines.
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
