Green Book December 1985
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Featured Articles
Are the Bears’ Days Now Numbered?
In Chicago they tell me a new dome is being planned; no more icy November winds off Lake Michigan. I predict the “Monsters of the Midway” will then become the “Milquetoasts of the Dome.”
Bond Market Summary
Long T-bonds have broken into single digit territory but not by much. However, all in all, bond market action was amazingly good in November, all things considered. Hold existing bond positions. Action on the deficit could bring a blow off move.
Inside the Stock Market
The current advance was an unusually slow starter, but November really cooked. The DJIA was up 7%, the S&P 500 up 6.5% with the Value Line up about the same, evidence that the market is broadening out.
Is It Nifty Fifty Time?
Quality Growth stocks led the market in November and are now also outperforming the market year to date. Now that we have so many value players, is the stage set for an extended period of big growth stock leadership?
The Fall 1985 Advance: An Unusual Profile
It is beginning to look like some rigid spending controls may be put in place this year. The Senate seems determined to stand its ground, using the debt ceiling as a club to bring the House along. If this takes place it could bring a blow off in both markets. If it does not, watch out!
Update: South African Hit List Index
This is an index developed in the summer of 1985 made up of U.S. stocks potentially most subject to South African divestiture selling pressure. It includes companies given bad Sullivan ratings and those who have not become signatories. A.D. Little released new Sullivan ratings Nov. 1 and there have been a number of changes.
View from the North Country
The December Bottom Fishing Expedition…Where the Speculative Action Is…Revising Our Troubles Away…Annual Dow Jones Tirade…It’s Not Getting Any Better in Rural America
Table of Contents
Stock Market
- View from the North Country
- Inside the Stock Market
- The Fall 1985 Advance: An Unusual Profile
- Is It Nifty Fifty Time?
Of Special Interest
Macro Monitor
At Random
Are the Bears’ Days Now Numbered?
In Chicago they tell me a new dome is being planned; no more icy November winds off Lake Michigan. I predict the “Monsters of the Midway” will then become the “Milquetoasts of the Dome.”
Bond Market Summary
Long T-bonds have broken into single digit territory but not by much. However, all in all, bond market action was amazingly good in November, all things considered. Hold existing bond positions. Action on the deficit could bring a blow off move.
Inside the Stock Market
The current advance was an unusually slow starter, but November really cooked. The DJIA was up 7%, the S&P 500 up 6.5% with the Value Line up about the same, evidence that the market is broadening out.
Is It Nifty Fifty Time?
Quality Growth stocks led the market in November and are now also outperforming the market year to date. Now that we have so many value players, is the stage set for an extended period of big growth stock leadership?
The Fall 1985 Advance: An Unusual Profile
It is beginning to look like some rigid spending controls may be put in place this year. The Senate seems determined to stand its ground, using the debt ceiling as a club to bring the House along. If this takes place it could bring a blow off in both markets. If it does not, watch out!
Update: South African Hit List Index
This is an index developed in the summer of 1985 made up of U.S. stocks potentially most subject to South African divestiture selling pressure. It includes companies given bad Sullivan ratings and those who have not become signatories. A.D. Little released new Sullivan ratings Nov. 1 and there have been a number of changes.
View from the North Country
The December Bottom Fishing Expedition…Where the Speculative Action Is…Revising Our Troubles Away…Annual Dow Jones Tirade…It’s Not Getting Any Better in Rural America
Stock Market
- View from the North Country
- Inside the Stock Market
- The Fall 1985 Advance: An Unusual Profile
- Is It Nifty Fifty Time?