Green Book November 1989
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Featured Articles
Bond Market Summary
Inflation continues to cool and the economy is providing more evidence of slowing, but we still have our reservations about the bond market and remain cautious.
Earnings Momentum: Documenting the Current Sag
The recent results of this work clearly show that the corporate earnings momentum is slowing. In the second quarter of 1989, there were 2867 up earnings reports versus 1982 down earnings reports for a ratio of 1.45. This ratio matches the lowest ratio registered in this limited historical study.
Joke of the Month
The winner comes from Tony Carideo, a financial writer at The Star Tribune in Minneapolis. I think it is sufficiently sick for Wall Street tastes and should also offend at least some constituencies. Therefore, it seems to meet the proper qualifications.
Scanning the Markets
A performance run down for our equity market sectors ranked by October performance.
Stock Market: Major Trend Index Now Negative
With the October 30th calculation, The Leuthold Group’s Major Trend Index has shifted into negative territory. Thus, our disciplined weight of the evidence approach dictates a very cautious policy.
The Secular Bull Market Lives (I Think)
Using history as a guide, the current secular bull market may run another 5 years or more. By historical standards, it is well past middle age, but is not yet ready to keel over.
Understanding the Major Trend Index
The purpose of this issue’s “In Focus” is to provide readers with a better understanding of our Major Trend Index and answer some of the typical questions asked about this work.
View from the North Country
Perception of Stock Market Risk Has Increased Significantly...Notes from the Recent Contrarian Opinion Forum...Program Trading Controls
Table of Contents
Stock Market
- View from the North Country
- Stock Market: Major Trend Index Now Negative
- The Secular Bull Market Lives (I Think)
- Understanding the Major Trend Index
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Bond Market Summary
Inflation continues to cool and the economy is providing more evidence of slowing, but we still have our reservations about the bond market and remain cautious.
Earnings Momentum: Documenting the Current Sag
The recent results of this work clearly show that the corporate earnings momentum is slowing. In the second quarter of 1989, there were 2867 up earnings reports versus 1982 down earnings reports for a ratio of 1.45. This ratio matches the lowest ratio registered in this limited historical study.
Joke of the Month
The winner comes from Tony Carideo, a financial writer at The Star Tribune in Minneapolis. I think it is sufficiently sick for Wall Street tastes and should also offend at least some constituencies. Therefore, it seems to meet the proper qualifications.
Scanning the Markets
A performance run down for our equity market sectors ranked by October performance.
Stock Market: Major Trend Index Now Negative
With the October 30th calculation, The Leuthold Group’s Major Trend Index has shifted into negative territory. Thus, our disciplined weight of the evidence approach dictates a very cautious policy.
The Secular Bull Market Lives (I Think)
Using history as a guide, the current secular bull market may run another 5 years or more. By historical standards, it is well past middle age, but is not yet ready to keel over.
Understanding the Major Trend Index
The purpose of this issue’s “In Focus” is to provide readers with a better understanding of our Major Trend Index and answer some of the typical questions asked about this work.
View from the North Country
Perception of Stock Market Risk Has Increased Significantly...Notes from the Recent Contrarian Opinion Forum...Program Trading Controls
Stock Market
- View from the North Country
- Stock Market: Major Trend Index Now Negative
- The Secular Bull Market Lives (I Think)
- Understanding the Major Trend Index