Green Book March 1989
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Featured Articles
Almost No Change: Still Bullish
Did February mark the beginning of a 7%-10% intermediate stock market correction? I don’t think so. The market gave up some ground last month, but not much and it caused very little deterioration in our indicators.
Bond Market Summary
In February, stocks and bonds tracked the same course. The CRB Index came down significantly in February and was close to breaking down before a late month surge. The JOC Index remains above its January breakout level.
Fearless Forecasts...1989
Each year, along about this time, this publication (with help from our readers) makes a series of “Fearless Forecasts” - frivolous flights of foolishness and fantasy.
Intrinsic Value Update
We apologize for the unanticipated Benchmarks delay. In the meantime, per client requests, here are updated histograms for our primary stock market value benchmarks, including commentary. We are pleased that so many of our clients really do use this work.
Joke of the Month
Readers will find additional humor (I hope) in this issue’s “Fearless Forecasts”, but in keeping with tradition, we also need a joke of the month. This month’s winner comes from Chuck Zender, here at The Leuthold Group. It is quite timely.
More Comment About the Russell 2000
David Burnett from the Russell organization has provided us with additional information on the index, its current construction and how it might be further modified.
Scanning the Markets
A performance run down for our equity market sectors ranked by February performance.
Three Steps and Stumble
The most recent rise in the discount rate triggered the “Three Steps and Stumble” rule. Years ago, Edson Gould popularized this theory. In effect, it is based on the assumption that tight credit ultimately terminates a bull market.
View from the North Country
Our Budget Deficit Fears Have Increased…Update on New Zealand Stock Market...Another Aussie Bond Opportunity?
Table of Contents
Stock Market
- View from the North Country
- Almost No Change: Still Bullish
- More Comment About the Russell 2000
- Three Steps and Stumble
- Fearless Forecasts...1989
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Almost No Change: Still Bullish
Did February mark the beginning of a 7%-10% intermediate stock market correction? I don’t think so. The market gave up some ground last month, but not much and it caused very little deterioration in our indicators.
Bond Market Summary
In February, stocks and bonds tracked the same course. The CRB Index came down significantly in February and was close to breaking down before a late month surge. The JOC Index remains above its January breakout level.
Fearless Forecasts...1989
Each year, along about this time, this publication (with help from our readers) makes a series of “Fearless Forecasts” - frivolous flights of foolishness and fantasy.
Intrinsic Value Update
We apologize for the unanticipated Benchmarks delay. In the meantime, per client requests, here are updated histograms for our primary stock market value benchmarks, including commentary. We are pleased that so many of our clients really do use this work.
Joke of the Month
Readers will find additional humor (I hope) in this issue’s “Fearless Forecasts”, but in keeping with tradition, we also need a joke of the month. This month’s winner comes from Chuck Zender, here at The Leuthold Group. It is quite timely.
More Comment About the Russell 2000
David Burnett from the Russell organization has provided us with additional information on the index, its current construction and how it might be further modified.
Scanning the Markets
A performance run down for our equity market sectors ranked by February performance.
Three Steps and Stumble
The most recent rise in the discount rate triggered the “Three Steps and Stumble” rule. Years ago, Edson Gould popularized this theory. In effect, it is based on the assumption that tight credit ultimately terminates a bull market.
View from the North Country
Our Budget Deficit Fears Have Increased…Update on New Zealand Stock Market...Another Aussie Bond Opportunity?
Stock Market
- View from the North Country
- Almost No Change: Still Bullish
- More Comment About the Russell 2000
- Three Steps and Stumble
- Fearless Forecasts...1989
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
