Green Book March 1988
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Featured Articles
Bond Market Summary
Outside of the 10% move in 30-year zeros (premium widened), the bond market in February was a quiet affair. In terms of the bond market, it was a good month to be on vacation. I didn't miss much.
Buy Texas and…..Buy Emerging Growth
This issue we are adding two new sectors to our equity model, one being a conceptual theme (“Buy Texas”) and one a Quantitative Theme based computer screen (“Emerging Growth”).
Joke of the Month
This month’s selection comes from Walter Deemer, market technician extraordinaire. Walter swears he saw this sermon announcement on a church reader board in Port St. Lucie, Florida.
Scanning the Markets: February
February was an outstanding month for many secondary stocks and sectors. Our Emerging Growth quantitative theme turned in the best performance. Smaller technology stocks also did very well, but so did a number of growth consumer issues.
The Shift to Secondary Stocks: Is It For Real?
February was a darn good month for secondary stocks. Most of our measures of secondary stock relative momentum broke their 3-4 year downtrends. We are now operating under the assumption that a significant shift in market character has occurred.
View from the North Country
Three weeks on holiday unclutters the mind and clutters the desk. I can’t get excited about New Zealand’s bond market. Yields, while down recently, are still high, but the Kiwi dollar may soon move significantly lower.
Yes, It Is True…
Our Major Trend Index has turned positive for the first time in almost a year. We expect a 15%-20% (best guess) move in S&P and DJIA. Secondary stocks should do even better.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Bond Market Summary
Outside of the 10% move in 30-year zeros (premium widened), the bond market in February was a quiet affair. In terms of the bond market, it was a good month to be on vacation. I didn't miss much.
Buy Texas and…..Buy Emerging Growth
This issue we are adding two new sectors to our equity model, one being a conceptual theme (“Buy Texas”) and one a Quantitative Theme based computer screen (“Emerging Growth”).
Joke of the Month
This month’s selection comes from Walter Deemer, market technician extraordinaire. Walter swears he saw this sermon announcement on a church reader board in Port St. Lucie, Florida.
Scanning the Markets: February
February was an outstanding month for many secondary stocks and sectors. Our Emerging Growth quantitative theme turned in the best performance. Smaller technology stocks also did very well, but so did a number of growth consumer issues.
The Shift to Secondary Stocks: Is It For Real?
February was a darn good month for secondary stocks. Most of our measures of secondary stock relative momentum broke their 3-4 year downtrends. We are now operating under the assumption that a significant shift in market character has occurred.
View from the North Country
Three weeks on holiday unclutters the mind and clutters the desk. I can’t get excited about New Zealand’s bond market. Yields, while down recently, are still high, but the Kiwi dollar may soon move significantly lower.
Yes, It Is True…
Our Major Trend Index has turned positive for the first time in almost a year. We expect a 15%-20% (best guess) move in S&P and DJIA. Secondary stocks should do even better.