Green Book July 1991
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Featured Articles
About To Take Gas?
We did it. We took an initial 6% position in our “Clean Energy” (natural gas) sector this month, a move that has been under consideration for some time. The Leuthold Group has yet to be bagged by the natural gas bubble, so here is our chance.
Bond Market Summary
The first half of June was almost all downhill for the bond market. The remainder of the month was spent moving sideways, with a blast upward on the last day of the month. It was a mini flee to quality.
Demand and Supply
These days everyone seems to be focusing on the bulging supply of new equity, the IPO buildup, new equity financing by existing companies, secondary offerings, etc. How much is too much? When will the new supply burden break the back of the bull market?
Joke of the Month
Recently, in an effort to correct this publication’s political incorrectness, the decision was made to only accept chicken jokes in our monthly joke competition. Chickens are so dumb, they can’t be offended…actually they can’t even read.
Now Some Good News...
Has the June stock market decline set the stage for a good second half for stocks?
Playing the Bounce Update: Finally Lost Momentum!
This has been a vintage “bounce” period, the best ever! Relative strength lagged in June for the first time this year. Per our monitoring procedure, it is time to take profits.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by June 1991 performance.
The Cyclical Surge Updated
At this point, our work does not yet confirm a longer term shift in market leadership from growth to cyclical. Perhaps such a confirmation will take place in coming months (we suspect it will).
Treading Water in the Second Quarter
The second quarter of 1991 is history. While the market averages ended the second quarter about where they began, our Major Trend Index has lost quite a bit of ground in the last three months.
View from the North Country
Are Value Managers an Endangered Species? Some observations and analysis. Also, a critical look at the S&P Mid Cap Index and have you ever been in Voice Mail Jail?
Table of Contents
Stock Market
- Treading Water in the Second Quarter
- Now Some Good News...
- The Cyclical Surge Updated
- Demand and Supply
- View from the North Country
Macro Monitor
Equity Strategies
At Random
About To Take Gas?
We did it. We took an initial 6% position in our “Clean Energy” (natural gas) sector this month, a move that has been under consideration for some time. The Leuthold Group has yet to be bagged by the natural gas bubble, so here is our chance.
Bond Market Summary
The first half of June was almost all downhill for the bond market. The remainder of the month was spent moving sideways, with a blast upward on the last day of the month. It was a mini flee to quality.
Demand and Supply
These days everyone seems to be focusing on the bulging supply of new equity, the IPO buildup, new equity financing by existing companies, secondary offerings, etc. How much is too much? When will the new supply burden break the back of the bull market?
Joke of the Month
Recently, in an effort to correct this publication’s political incorrectness, the decision was made to only accept chicken jokes in our monthly joke competition. Chickens are so dumb, they can’t be offended…actually they can’t even read.
Now Some Good News...
Has the June stock market decline set the stage for a good second half for stocks?
Playing the Bounce Update: Finally Lost Momentum!
This has been a vintage “bounce” period, the best ever! Relative strength lagged in June for the first time this year. Per our monitoring procedure, it is time to take profits.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by June 1991 performance.
The Cyclical Surge Updated
At this point, our work does not yet confirm a longer term shift in market leadership from growth to cyclical. Perhaps such a confirmation will take place in coming months (we suspect it will).
Treading Water in the Second Quarter
The second quarter of 1991 is history. While the market averages ended the second quarter about where they began, our Major Trend Index has lost quite a bit of ground in the last three months.
View from the North Country
Are Value Managers an Endangered Species? Some observations and analysis. Also, a critical look at the S&P Mid Cap Index and have you ever been in Voice Mail Jail?
Stock Market
- Treading Water in the Second Quarter
- Now Some Good News...
- The Cyclical Surge Updated
- Demand and Supply
- View from the North Country
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
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Sector Navigator
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