Green Book December 1990
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Featured Articles
A New Seasonal Factor
Finally! In November secondary stocks as a class, performed better than the S&P 500 and DJIA. One warm month for secondary stocks does not mean spring is here, but it may mean that spring is coming soon.
Bond Market Summary
In November, recession evidence continued to build. War fears started to fade. November 17 came and went, and the Bush hawk began his molt. The dollar stabilized, at least momentarily. Inflation fears faded, as oil prices traded down. In this environment, the bond market marched steadily upward all month.
Joke of the Month
It is not our practice to use ethnic jokes, unless they happen to be Norwegian, Swedish or Aggie. But this is just too good to pass up....And they liked it in Hartford.
Major Trend Index Still Negative
The most recent Major Trend Index sell signal, was transmitted to clients on Halloween 1989. Here in December 1990, this work is still negative, although significantly improved from a few months ago. But this work continues to indicate this is still a bear market.
Playing the Bounce
An updated list of trading stocks to buy in November-December and sell in January or February. This strategy is not appropriate for most institutions. However, we think it can make sense for your personal accounts.....Happy Bouncing and Happy Holidays To All Of You!
Prospects: Gilt Edged Growth, Cyclicals and Value Stocks
If you have major positions in the select list of 1990 “Hero” stocks (those big growth names that are up on the year), when should you start trimming back (if ever)? When should you start looking at cyclicals (if ever)? When should you start looking at cheap value stocks (if ever)?
Scanning the Markets
A performance rundown for our equity market sectors and other measures ranked by November performance (75% of our sectors beat the S&P 500).
Secondary Stocks/Big Cap Stocks
Secondary stock measures were up 7%-9% in November compared to 5%-6% for the capitalization weighted measures. All we can say is, it’s about time!
View from the North Country
West Coast Client Trip...Remembering Henri de La Chapelle...Twin Cities Presentation of “Other People's Money”... Comparing Large Firms Earnings Growth with Small Firms
Table of Contents
Stock Market
- A New Seasonal Factor
- Major Trend Index Still Negative
- Secondary Stocks/Big Cap Stocks
- Prospects: Gilt Edged Growth, Cyclicals and Value Stocks
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
At Random
A New Seasonal Factor
Finally! In November secondary stocks as a class, performed better than the S&P 500 and DJIA. One warm month for secondary stocks does not mean spring is here, but it may mean that spring is coming soon.
Bond Market Summary
In November, recession evidence continued to build. War fears started to fade. November 17 came and went, and the Bush hawk began his molt. The dollar stabilized, at least momentarily. Inflation fears faded, as oil prices traded down. In this environment, the bond market marched steadily upward all month.
Joke of the Month
It is not our practice to use ethnic jokes, unless they happen to be Norwegian, Swedish or Aggie. But this is just too good to pass up....And they liked it in Hartford.
Major Trend Index Still Negative
The most recent Major Trend Index sell signal, was transmitted to clients on Halloween 1989. Here in December 1990, this work is still negative, although significantly improved from a few months ago. But this work continues to indicate this is still a bear market.
Playing the Bounce
An updated list of trading stocks to buy in November-December and sell in January or February. This strategy is not appropriate for most institutions. However, we think it can make sense for your personal accounts.....Happy Bouncing and Happy Holidays To All Of You!
Prospects: Gilt Edged Growth, Cyclicals and Value Stocks
If you have major positions in the select list of 1990 “Hero” stocks (those big growth names that are up on the year), when should you start trimming back (if ever)? When should you start looking at cyclicals (if ever)? When should you start looking at cheap value stocks (if ever)?
Scanning the Markets
A performance rundown for our equity market sectors and other measures ranked by November performance (75% of our sectors beat the S&P 500).
Secondary Stocks/Big Cap Stocks
Secondary stock measures were up 7%-9% in November compared to 5%-6% for the capitalization weighted measures. All we can say is, it’s about time!
View from the North Country
West Coast Client Trip...Remembering Henri de La Chapelle...Twin Cities Presentation of “Other People's Money”... Comparing Large Firms Earnings Growth with Small Firms
Stock Market
- A New Seasonal Factor
- Major Trend Index Still Negative
- Secondary Stocks/Big Cap Stocks
- Prospects: Gilt Edged Growth, Cyclicals and Value Stocks
- View from the North Country