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Green Book May 2000

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Featured Articles

April Mutual Fund Flows: Buying The Dip…

Surprised by the perseverance of U.S. mutual fund investors. In spite of market turmoil, $25 billion flowed into U.S. focus equity funds…The public did actually buy the dip.

Bond Market Summary

Further Fed tightening to come…..Next few month inflation news likely to be scary.

Capitalization Tier Meausres

The Leuthold Group has set about to create a more realistic assessment of Big, Mid, Small, and Micro cap performance.

Internet Insanity Index

The Internet Insanity Index continued its descent back to earth with a big 18.2% decline during April.

Joke of the Month

The two previous jokes could very well have been winners, but the following joke, appearing in Peter Sherlock’s client letter, is particularly timely.

Net New Equity Supply

A net increase of $30 billion in new supply this year. Quite a reversal from 1999 where YTD $39 billion of new offerings was almost 50% less than cash acquisitions.

New Select Industries Group Holding...Adding Pharmaceuticals And Deactivating Biotech

With the improvement of the Pharmaceutical group within our GS Score rankings to attractive, along with Biotech’s fall from grace (all the way to unattractive), we are getting a chance to make a move into the drug stocks.

Reprint Of Early April Conference Call

Special reprint of Steve Leuthold, Byron Wien and Charley Maxwell conference call from early April.

Scanning The Markets

Technology stocks were particularly hard hit in April, with nine of the 15 worst performing groups being Tech related.

View From The North Country

What has happened to the Stock/Bond Models? Does the CPI now understate inflation? If stock market returns average 20% per year, as some investors expect, young investors need not worry about Social Security…Fat Chance!

Volatility 2000 Continues

Modifications to Major Trend Index improve reading, but MTI is still very negative.

Volatility Update…Incredible Volatility In 2000!

NASDAQ moved 1% or more every day but one in April!

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