Green Book November 1991
Login
For full access, please enter your credentials.
Not a Subscriber?
If you are interested in subscribing to The Leuthold Group, contact us online or give us a call at 612-332-1567.
Contact Us
Featured Articles
An Upside Economic Surprise?
We have been finding it hard to visualize a strong economic recovery developing in 1992. Would you be surprised to see 1992 produce one or two quarters of 5% real GNP growth? Well my friend, economist Peter L. Bernstein, would not be at all surprised to see this occur.
Bond Market Summary
Even though higher quality long bonds stalled in October, short rates continued to decline in anticipation of yet another cut in the discount rate. Once again it has been demonstrated that long and short rates do not have to move together.
Earnings Momentum: Better Than You Might Think
We normally present our Earnings Momentum study in the Appendix on a monthly basis. Because of the current impressive results of this work and the implications for the economy and the stock market, we have decided to emphasize the study by highlighting it in the “X- rays” section this month.
Joke of the Month
It was not even close. The hands down Joke of the Month winner in October was the U.S. Congress…..The Thomas hearings, check kiting, ticket fixing, five year old unpaid luncheon tabs, etc.
Major Trend Index Remains Bullish
As this publication projected, the stock market in 1991 made it through October without being blitzed, sacked, or otherwise traumatized. It turned out to be a pretty dull month with an upside tilt.
Playing the Bounce.....Stage One Revised List
In late October, clients were sent an Interim Memo containing a preliminary list of “bounce” stocks to consider buying in early November. This is the first of our two stage 1991 bounce strategy.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by October 1991 performance.
View from the North Country
Where Do We Go For Good Investment Returns Now?... Polling The Pro's For Our Client's Current Stock Market Attitudes...Taking Another Look At The New S&P Midcap Index
What Seven Year Cycle?
While we currently believe small cap and secondary stocks will be superior performers in the foreseeable future, we have no idea how long this phase might last. Don't pay any attention to this seven year cycle hogwash.
Table of Contents
Stock Market
- Major Trend Index Remains Bullish
- An Upside Economic Surprise?
- What Seven Year Cycle?
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
At Random
An Upside Economic Surprise?
We have been finding it hard to visualize a strong economic recovery developing in 1992. Would you be surprised to see 1992 produce one or two quarters of 5% real GNP growth? Well my friend, economist Peter L. Bernstein, would not be at all surprised to see this occur.
Bond Market Summary
Even though higher quality long bonds stalled in October, short rates continued to decline in anticipation of yet another cut in the discount rate. Once again it has been demonstrated that long and short rates do not have to move together.
Earnings Momentum: Better Than You Might Think
We normally present our Earnings Momentum study in the Appendix on a monthly basis. Because of the current impressive results of this work and the implications for the economy and the stock market, we have decided to emphasize the study by highlighting it in the “X- rays” section this month.
Joke of the Month
It was not even close. The hands down Joke of the Month winner in October was the U.S. Congress…..The Thomas hearings, check kiting, ticket fixing, five year old unpaid luncheon tabs, etc.
Major Trend Index Remains Bullish
As this publication projected, the stock market in 1991 made it through October without being blitzed, sacked, or otherwise traumatized. It turned out to be a pretty dull month with an upside tilt.
Playing the Bounce.....Stage One Revised List
In late October, clients were sent an Interim Memo containing a preliminary list of “bounce” stocks to consider buying in early November. This is the first of our two stage 1991 bounce strategy.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by October 1991 performance.
View from the North Country
Where Do We Go For Good Investment Returns Now?... Polling The Pro's For Our Client's Current Stock Market Attitudes...Taking Another Look At The New S&P Midcap Index
What Seven Year Cycle?
While we currently believe small cap and secondary stocks will be superior performers in the foreseeable future, we have no idea how long this phase might last. Don't pay any attention to this seven year cycle hogwash.
Stock Market
- Major Trend Index Remains Bullish
- An Upside Economic Surprise?
- What Seven Year Cycle?
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
