Green Book August 1985
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Featured Articles
Bond Market Summary
The cyclical bull market still lives, but the best of the move is behind us. 9% T-bond yields may be realized in the next year or so, but shorter-term not much upside action is expected from current levels with a 10.40%-11.40% range expected to prevail for a few months.
Fun City
In mid-June I spent a few days in New York, visiting clients, introducing son Kurt to the marvels of New York.
Inside the Stock Market
The Major Trend Index continues to look bullishly healthy and, shorter-term, more upside is expected this summer. The Early Warning work remains positive.
Update: South African Connection Stocks
There have been a number of requests for more information on companies doing business with and investing in South Africa. We have spent considerable time over the past month on this investment morality play. Public pension funds are under increasing pressure, but I am coming to believe the ultimate course will be a boycott against buying offending companies, not divestiture.
View from the North Country
The budget compromise was hardly satisfactory, but still far better than nothing. While the world currency markets are still fragile, from a psychological standpoint the dollar seems significantly less vulnerable today than last month or last week. We can sleep a little more soundly for a while.
Table of Contents
Stock Market
Macro Monitor
At Random
Bond Market Summary
The cyclical bull market still lives, but the best of the move is behind us. 9% T-bond yields may be realized in the next year or so, but shorter-term not much upside action is expected from current levels with a 10.40%-11.40% range expected to prevail for a few months.
Fun City
In mid-June I spent a few days in New York, visiting clients, introducing son Kurt to the marvels of New York.
Inside the Stock Market
The Major Trend Index continues to look bullishly healthy and, shorter-term, more upside is expected this summer. The Early Warning work remains positive.
Update: South African Connection Stocks
There have been a number of requests for more information on companies doing business with and investing in South Africa. We have spent considerable time over the past month on this investment morality play. Public pension funds are under increasing pressure, but I am coming to believe the ultimate course will be a boycott against buying offending companies, not divestiture.
View from the North Country
The budget compromise was hardly satisfactory, but still far better than nothing. While the world currency markets are still fragile, from a psychological standpoint the dollar seems significantly less vulnerable today than last month or last week. We can sleep a little more soundly for a while.