Inside The Stock Market ...trends, cross-currents, and outlook
Fearless Forecasts...1993
Each year, along about this time, this publication (with help from our readers) makes a series of "Fearless Forecasts".
Major Trend Index Remains Neutral
Close only counts in horseshoes. Our weight of the evidence approach to evaluating the health of the U.S. stock market improved in January, but did not break out of its six week "Neutral" range
Investor Attitudes: Polling The Pros (And Cons)
In early 1991, a continuing survey of client stock market attitudes was initiated (41 polls have been taken to date).
Technical Notes Worth Noting
The S&P 500 closed out January 1993 with a slight 0.7% gain.
View From The North Country
The parties are over, the cheering has stopped and the sax has been put back in the closet.
A CORRECTION...Sorry
Last issue, this publication presented a study of historical stock market volatility based on the annual swings in the S&P 500 and the DJIA (low close to high close).
View From The North Country
It's a tradition. Each January we publish the gold book (Perception II) before this green book. So don't blame the post office.
Inside The Stock Market
On December 21, the Major Trend Index moved into "neutral" territory.
Dreams And Nightmares
Much of the January Green Book is devoted to tradition, so too is this section.
Wall Street Has No "Wall Of Worry" To Climb
An old stock market adage is that bull markets climb a "wall of worry".
Investor Attitudes: Polling The Pros
In early 1991, a continuing survey of client stock market attitudes was initiated (39 polls have been taken to date).
A Look In The Rearview Mirror
Self examination can be good for the soul, so each January time is taken to look back over the preceding year, critically reviewing the significant studies, portfolio shifts and recommendations appearing appearing in our publication.
Playing The Bounce
For over a decade. The Leuthold Group has been sending its "Bounce List" containing stocks that appear to be subject to unusually heavy selling pressures late in the year.
So How Dull Is 1992 Anyway?
We like markets that move. Preferably markets that move up, but markets that move down are not bad either. They can provide great buying opportunities. Frankly, I have become increasingly bored and frustrated with the 1992 stock market.
View from the North Country
Polling the Pros on the West Coast…Lottery or Lootery?...Time for “Lean and Mean” In the “Not For Profit” Sector
The Message Is “Be Cautious”
The most recent calculation of the Major Trend Index (Nov. 30) continues to raise the danger/caution flag for the U.S. equity market. The U.S. stock market still appears vulnerable to the extent of a 25%-30% decline in the popular averages.
Major Trend Index Improved, But Still Negative
The most recent calculation of the Major Trend Index (Nov. 2) shows improvement from a month ago, but remains NEGATIVE on balance. Thus, we continue to advocate a high level of caution toward the U.S. stock market.
Questions Clients Are Asking
Since the Milwaukee poll taken in early October, it appears that optimism has continued to build. This opinion is supported by the kinds of questions we are now fielding from clients.
View from the North Country
Cold Fusion, A Cheap Energy Solution Or Just Fiction?...The Gambling Binge, Some Background And Some Investment Implications...October 1987, Remembered