Green Book October 1989
Subscribe to Advisor Newsletter
Leuthold Advisors Newsletter subscriptions include a no-obligation 14-day trial. Cancel at any time before the 14 days are over and you will not be billed.
Subscribe nowLogin
For full access, please enter your credentials.
Featured Articles
A Potential Tactical Move Into Junk Bonds
It still appears to be premature, but we are giving serious consideration to adding a package of selected high yield corporate bonds to the fixed income component of the two asset allocation models.
Bond Market Summary
A lackluster T-bond rally in the first half of September seemed to be primarily a flee to quality as junk bonds were trashed. Then in the last week or so T-bonds have moved lower, even as the junk market stabilized.
Joke of the Month
Gary Greenberg (Greenberg & Associates) had the winner before a late entry by Scott Archer beat him out. The fact that Scott is a new member of The Leuthold Group has nothing to do with this impartial judgement.
Scanning the Markets
A performance run down for our equity market sectors ranked by 3rd Quarter performance. All screen based Quantitative Themes are included, both active and experimental.
Using Book Value in Analysis
In terms of stock screening, companies selling far below book value raise a red flag and deserve very close critical scrutiny. However, when book value is used in combination with other value considerations it can be helpful in recognizing undervalued stocks.
View from the North Country
Welcome Scott Archer.... More Bank Troubles and Write-Offs.... U.S. Banks Played Key Role in Oil Bath, Real Estate Debacle, Third World Loans and Busted LBO’s.... America As The “Center” Of the World Economic Universe.... Australia/New Zealand Update
Watch Out for Those Cannonballs
The 1987-89 bull market game is not over according to our work, but indications are that it’s in the 8th or 9th inning. In the coming months, as “soft landing” and “fly by” thinking shifts to “recession thinking”, the stock market could get pretty nasty.
Why We Are Adding Life Insurance Stocks to the Equity Model
This may be just the type of stock that is appropriate for the late stages of a business expansion. We would expect these investments to hold up pretty well in a down market. In other words, this sector looks to be “defensive”.
Table of Contents
Stock Market
Of Special Interest
Macro Monitor
Equity Strategies
At Random
A Potential Tactical Move Into Junk Bonds
It still appears to be premature, but we are giving serious consideration to adding a package of selected high yield corporate bonds to the fixed income component of the two asset allocation models.
Bond Market Summary
A lackluster T-bond rally in the first half of September seemed to be primarily a flee to quality as junk bonds were trashed. Then in the last week or so T-bonds have moved lower, even as the junk market stabilized.
Joke of the Month
Gary Greenberg (Greenberg & Associates) had the winner before a late entry by Scott Archer beat him out. The fact that Scott is a new member of The Leuthold Group has nothing to do with this impartial judgement.
Scanning the Markets
A performance run down for our equity market sectors ranked by 3rd Quarter performance. All screen based Quantitative Themes are included, both active and experimental.
Using Book Value in Analysis
In terms of stock screening, companies selling far below book value raise a red flag and deserve very close critical scrutiny. However, when book value is used in combination with other value considerations it can be helpful in recognizing undervalued stocks.
View from the North Country
Welcome Scott Archer.... More Bank Troubles and Write-Offs.... U.S. Banks Played Key Role in Oil Bath, Real Estate Debacle, Third World Loans and Busted LBO’s.... America As The “Center” Of the World Economic Universe.... Australia/New Zealand Update
Watch Out for Those Cannonballs
The 1987-89 bull market game is not over according to our work, but indications are that it’s in the 8th or 9th inning. In the coming months, as “soft landing” and “fly by” thinking shifts to “recession thinking”, the stock market could get pretty nasty.
Why We Are Adding Life Insurance Stocks to the Equity Model
This may be just the type of stock that is appropriate for the late stages of a business expansion. We would expect these investments to hold up pretty well in a down market. In other words, this sector looks to be “defensive”.