Green Book November 1987
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Featured Articles
1987 Compared With 1962
For quite some time this publication has been maintaining that “the next cyclical bear market could be very similar to 1962”. At least up to now, the 1987 decline does indeed closely resemble 1962.
Bond Market Summary
After an ominous five-point sell off in the first part of October, the Treasury market turned on a dime and blasted upward, running up 10 points in four days. But not all bond market sectors participated. It was a flight to quality.
Has the Market Hit Bottom?
The Major Trend Index still negative but improved last week. I doubt that the market has recorded its bear market low, but I do think we are getting close.
Joke of the Month
All in all, the October crash has not produced many, if any, particularly good jokes from Wall Street. Maybe it is too close to home. Most candidates were tired old Yuppie jokes from which I will save you.
Scanning the Markets
A performance run down for our sectors, including experimental sectors, ranked by October performance. Most equity sectors went down significantly more than the S&P 500 during October.
Value Benchmarks
The stock market is no longer radically overvalued. The current readings on these benchmarks approximate the readings at some past cyclical bear market lows. History tells us that new cyclical bull markets do not always have to come from grossly undervalued levels.
View from the North Country
Maybe it's a Minnesota year - the Twins win the World Series and Northwest Airlines leads the pack terms of customer complaints! Also, tracking the impact of Black October around the world.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
1987 Compared With 1962
For quite some time this publication has been maintaining that “the next cyclical bear market could be very similar to 1962”. At least up to now, the 1987 decline does indeed closely resemble 1962.
Bond Market Summary
After an ominous five-point sell off in the first part of October, the Treasury market turned on a dime and blasted upward, running up 10 points in four days. But not all bond market sectors participated. It was a flight to quality.
Has the Market Hit Bottom?
The Major Trend Index still negative but improved last week. I doubt that the market has recorded its bear market low, but I do think we are getting close.
Joke of the Month
All in all, the October crash has not produced many, if any, particularly good jokes from Wall Street. Maybe it is too close to home. Most candidates were tired old Yuppie jokes from which I will save you.
Scanning the Markets
A performance run down for our sectors, including experimental sectors, ranked by October performance. Most equity sectors went down significantly more than the S&P 500 during October.
Value Benchmarks
The stock market is no longer radically overvalued. The current readings on these benchmarks approximate the readings at some past cyclical bear market lows. History tells us that new cyclical bull markets do not always have to come from grossly undervalued levels.
View from the North Country
Maybe it's a Minnesota year - the Twins win the World Series and Northwest Airlines leads the pack terms of customer complaints! Also, tracking the impact of Black October around the world.