Green Book May 1989
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Featured Articles
Advance/Decline Ratio of Quarterly Earnings…...Revised
Last month we presented this original indicator of earnings momentum. At that time, we commented that our quarterly reporting periods might be warped and perhaps misleading. This month we have readjusted the quarterly reporting periods so they now better track the traditional calendar quarters.
Bond Market Summary
With at least some preliminary signs the economy is slowing, accompanied by more comforting PPI and CPI numbers, it would appear the Fed is relaxing a bit.
Ecology Technology Stocks...The Play Is Far From Over
In early 1988, we established a major position in the Environmental stocks. If anything, this conceptual theme seems a stronger idea now than ever. Even though the Ecology Index tracked below is up dramatically in the last 10 years, we believe it is not too late to get into the Ecology stocks.
Joke of the Month
The blue-ribbon winner is once again Roger Young (Criterion Management in Houston). Roger has come to dominate this monthly competition much as the Celtics once dominated professional basketball and the specialists once dominated the stock market.
Scanning the Markets
A performance run down for our equity market sectors ranked by April performance.
The April Surprise
April’s stock market action surprised the majority. The “surprising” strength in the stock market was fueled by a 50 basis point decline in short term rates, continuing evidence of an economic slowdown and less terrifying inflation numbers.
View from the North Country
Concerned About The Deficit And Fiscal Irresponsibility But Still Bullish On Stocks...Emotion Can Be The Investor’s Worst Enemy...Our Permanent Congress?...What Ever Happened To The Gramm-Rudman Targets For The Deficit...New Zealand Update
“The Boys Are Back in Town"
After the 1987 crash, a goodly portion of the program crowd retired. But now, some 18 months after the debacle, a major part of the program crowd is clearly out of retirement, back in action.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Advance/Decline Ratio of Quarterly Earnings…...Revised
Last month we presented this original indicator of earnings momentum. At that time, we commented that our quarterly reporting periods might be warped and perhaps misleading. This month we have readjusted the quarterly reporting periods so they now better track the traditional calendar quarters.
Bond Market Summary
With at least some preliminary signs the economy is slowing, accompanied by more comforting PPI and CPI numbers, it would appear the Fed is relaxing a bit.
Ecology Technology Stocks...The Play Is Far From Over
In early 1988, we established a major position in the Environmental stocks. If anything, this conceptual theme seems a stronger idea now than ever. Even though the Ecology Index tracked below is up dramatically in the last 10 years, we believe it is not too late to get into the Ecology stocks.
Joke of the Month
The blue-ribbon winner is once again Roger Young (Criterion Management in Houston). Roger has come to dominate this monthly competition much as the Celtics once dominated professional basketball and the specialists once dominated the stock market.
Scanning the Markets
A performance run down for our equity market sectors ranked by April performance.
The April Surprise
April’s stock market action surprised the majority. The “surprising” strength in the stock market was fueled by a 50 basis point decline in short term rates, continuing evidence of an economic slowdown and less terrifying inflation numbers.
View from the North Country
Concerned About The Deficit And Fiscal Irresponsibility But Still Bullish On Stocks...Emotion Can Be The Investor’s Worst Enemy...Our Permanent Congress?...What Ever Happened To The Gramm-Rudman Targets For The Deficit...New Zealand Update
“The Boys Are Back in Town"
After the 1987 crash, a goodly portion of the program crowd retired. But now, some 18 months after the debacle, a major part of the program crowd is clearly out of retirement, back in action.
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
