Green Book July 1986
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Featured Articles
A Demonstration: Stock Market Potential By P/E Level
Over the past 57 years, what kind of future performance did the investor experience when the market was at 10 times earnings? 15 times earnings? 20 times earnings? Based on this work, over the next five years total stock market returns should not be expected to exceed 6% per year.
Bond Market Summary
Bonds rallied strongly in June but did not make new highs. However, it is only a matter of time. Look for a test of the highs in July. Also, introducing “Inflation Watch,” a new regular feature that will report on our ongoing inflation research work.
Equity Leaders and Laggers
A rundown of the June and year to date sector leaders.
Major Trend Index Remains Negative
The Major Trend Index slid to negative status in mid-June and currently remains in negative territory. It appears a cyclical bear market may be in prospect.
Statistics for Your Files
A number of clients have requested historical data regarding earnings, dividends and book values for the stock market indices. This section provides information, going as far back as 1910.
View from the North Country
Australian Bond Update…TV Isn’t All Bad…Tax Reform…How’s Your Long-Term Investment Perspective? Take the Quiz…How to Make Over 50% On Your Money and Lose
Table of Contents
Stock Market
- View from the North Country
- Major Trend Index Remains Negative
- A Demonstration: Stock Market Potential By P/E Level
Of Special Interest
Macro Monitor
Equity Strategies
A Demonstration: Stock Market Potential By P/E Level
Over the past 57 years, what kind of future performance did the investor experience when the market was at 10 times earnings? 15 times earnings? 20 times earnings? Based on this work, over the next five years total stock market returns should not be expected to exceed 6% per year.
Bond Market Summary
Bonds rallied strongly in June but did not make new highs. However, it is only a matter of time. Look for a test of the highs in July. Also, introducing “Inflation Watch,” a new regular feature that will report on our ongoing inflation research work.
Equity Leaders and Laggers
A rundown of the June and year to date sector leaders.
Major Trend Index Remains Negative
The Major Trend Index slid to negative status in mid-June and currently remains in negative territory. It appears a cyclical bear market may be in prospect.
Statistics for Your Files
A number of clients have requested historical data regarding earnings, dividends and book values for the stock market indices. This section provides information, going as far back as 1910.
View from the North Country
Australian Bond Update…TV Isn’t All Bad…Tax Reform…How’s Your Long-Term Investment Perspective? Take the Quiz…How to Make Over 50% On Your Money and Lose
Stock Market
- View from the North Country
- Major Trend Index Remains Negative
- A Demonstration: Stock Market Potential By P/E Level