Green Book March 1991
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
Bond Market Summary
The bond market continued to advance in early February. It peaked however on February 8th, the day after the Treasury completed its financing. In the week following, T-bonds held in a narrow range, but began losing ground in the last half of the month. In the final days of February and on the first trading day of March, the decline picked up momentum.
Bullish Major Trend Index Improves
The Leuthold Group Major Trend Index has improved 543 points from a month ago, with four of the five broad categories of analytical tools firmly in the bullish camp.
How High Can This Market Go?
Some prognosticators have pretty fair records in predicting the direction of the market, but it is very difficult to pinpoint the strength of major advances and declines. Rather than just pull a number out of a hat, the best approach to quantifying how far this market can go is to look at The Leuthold Group’s Benchmarks.
Joke of the Month
Joke aficionado Scott Archer of The Leuthold Group, tells me this joke is so old, most readers probably have forgotten it. Nevertheless, most of us younger folk in The Leuthold Group have never heard it. Old or not, here is financial writer Tony Carideo’s (Minneapolis Star Tribune) winning entry.
Playing the Bounce Update
This has been a vintage “bounce” period! We know that some of our smarter clients did decide to play the game. This section is a monitor for them.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by February 1991 performance (75% of our sectors again beat the S&P 500 in February).
Secondary Stock Surge Continues: A Look at the “Secondary Swinger” Issues
Jim Floyd has cranked up another interesting index for us to center attention on “where the action is” in the secondary arena. The study provides a good picture of the wide part of the ultimate narrow door - a group of secondary issues dominating current trading activity.
View from the North Country
I spent two weeks during February in Chile, most of the time on a white water rafting adventure down the Bio Bio (Bee-0 Bee-0) river. Then, thanks to friends at N.M. Rothschild in London and their associates at Banco Bice in Santiago, I also spent part of my time learning more about the investment scene in Chile.
Table of Contents
Stock Market
- Bullish Major Trend Index Improves
- Secondary Stock Surge Continues: A Look at the “Secondary Swinger” Issues
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Bond Market Summary
The bond market continued to advance in early February. It peaked however on February 8th, the day after the Treasury completed its financing. In the week following, T-bonds held in a narrow range, but began losing ground in the last half of the month. In the final days of February and on the first trading day of March, the decline picked up momentum.
Bullish Major Trend Index Improves
The Leuthold Group Major Trend Index has improved 543 points from a month ago, with four of the five broad categories of analytical tools firmly in the bullish camp.
How High Can This Market Go?
Some prognosticators have pretty fair records in predicting the direction of the market, but it is very difficult to pinpoint the strength of major advances and declines. Rather than just pull a number out of a hat, the best approach to quantifying how far this market can go is to look at The Leuthold Group’s Benchmarks.
Joke of the Month
Joke aficionado Scott Archer of The Leuthold Group, tells me this joke is so old, most readers probably have forgotten it. Nevertheless, most of us younger folk in The Leuthold Group have never heard it. Old or not, here is financial writer Tony Carideo’s (Minneapolis Star Tribune) winning entry.
Playing the Bounce Update
This has been a vintage “bounce” period! We know that some of our smarter clients did decide to play the game. This section is a monitor for them.
Scanning the Markets
A performance rundown for our equity market sectors (and other measures) ranked by February 1991 performance (75% of our sectors again beat the S&P 500 in February).
Secondary Stock Surge Continues: A Look at the “Secondary Swinger” Issues
Jim Floyd has cranked up another interesting index for us to center attention on “where the action is” in the secondary arena. The study provides a good picture of the wide part of the ultimate narrow door - a group of secondary issues dominating current trading activity.
View from the North Country
I spent two weeks during February in Chile, most of the time on a white water rafting adventure down the Bio Bio (Bee-0 Bee-0) river. Then, thanks to friends at N.M. Rothschild in London and their associates at Banco Bice in Santiago, I also spent part of my time learning more about the investment scene in Chile.
Stock Market
- Bullish Major Trend Index Improves
- Secondary Stock Surge Continues: A Look at the “Secondary Swinger” Issues
- View from the North Country