Green Book September 1992
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Featured Articles
1992...After Labor Day
Wall Street gets back down to business after Labor Day. No more summer novels, long weekends, gin and tonics or sand in the shoes. It's a new investment season. Here is our assessment of what might be in store for the market.
Bond Market Summary
My current view towards long bonds from an institutional investor's point of view is to sell some now and sell some more when longer term momentum slows.
For Those Who Want To Dig Deeper: The Major Trend Index
The Major Trend Index is really the backbone of our stock market analysis at The Leuthold Group. Prompted by a number of client questions in recent months, Andy Engel has broken apart the Major Trend Index and analyzed each of the five broad categories separately.
In Search of the Meaning of Life (Insurance)
We are activating the “Life Insurance” concept in September and plan to have an initial exposure of about 6% of our Model Equity portfolio. The sector has picked up on a relative basis in 1992, aided by declining interest rates, improved cost structures, and some reduction of concerns over real estate exposure.
Is It Time To Buy Japanese Stocks?
A pullback to 16000 or thereabouts could trigger some action on our part. One possible strategy we have discussed is an ADR package of major exporters.
Is It “Too Soon” For Another Recession?
I still hear commentators discussing the possibility of “another leg down” for the 1990 recession. In terms of past economic cycle analysis, this is impossible.
Joke of the Month
Yes, it is an election year and the joke flow is heavy with election related material. Actually, this year's presidential election can in itself be viewed as a joke, but not a very good one.
Major Trend Index Remains “Negative”
The market averages have not gone down much since this work shifted to negative status, but a lot of stocks have.
Scanning the Markets
A performance rundown for Leuthold equity market sectors (and other measures) ranked by August performance.
View from the North Country
Has The Political Tide Again Turned?...Are Government Regulation And Spending On The Rise Again?...Are Higher Taxes On The Way?...Maybe Farmers Should Be Buying Toyotas
Table of Contents
Stock Market
- Major Trend Index Remains “Negative”
- 1992...After Labor Day
- Is It “Too Soon” For Another Recession?
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
- Scanning the Markets
- In Search of the Meaning of Life (Insurance)
- Is It Time To Buy Japanese Stocks?
At Random
1992...After Labor Day
Wall Street gets back down to business after Labor Day. No more summer novels, long weekends, gin and tonics or sand in the shoes. It's a new investment season. Here is our assessment of what might be in store for the market.
Bond Market Summary
My current view towards long bonds from an institutional investor's point of view is to sell some now and sell some more when longer term momentum slows.
For Those Who Want To Dig Deeper: The Major Trend Index
The Major Trend Index is really the backbone of our stock market analysis at The Leuthold Group. Prompted by a number of client questions in recent months, Andy Engel has broken apart the Major Trend Index and analyzed each of the five broad categories separately.
In Search of the Meaning of Life (Insurance)
We are activating the “Life Insurance” concept in September and plan to have an initial exposure of about 6% of our Model Equity portfolio. The sector has picked up on a relative basis in 1992, aided by declining interest rates, improved cost structures, and some reduction of concerns over real estate exposure.
Is It Time To Buy Japanese Stocks?
A pullback to 16000 or thereabouts could trigger some action on our part. One possible strategy we have discussed is an ADR package of major exporters.
Is It “Too Soon” For Another Recession?
I still hear commentators discussing the possibility of “another leg down” for the 1990 recession. In terms of past economic cycle analysis, this is impossible.
Joke of the Month
Yes, it is an election year and the joke flow is heavy with election related material. Actually, this year's presidential election can in itself be viewed as a joke, but not a very good one.
Major Trend Index Remains “Negative”
The market averages have not gone down much since this work shifted to negative status, but a lot of stocks have.
Scanning the Markets
A performance rundown for Leuthold equity market sectors (and other measures) ranked by August performance.
View from the North Country
Has The Political Tide Again Turned?...Are Government Regulation And Spending On The Rise Again?...Are Higher Taxes On The Way?...Maybe Farmers Should Be Buying Toyotas
Stock Market
- Major Trend Index Remains “Negative”
- 1992...After Labor Day
- Is It “Too Soon” For Another Recession?
- View from the North Country
Of Special Interest
Macro Monitor
Equity Strategies
- Scanning the Markets
- In Search of the Meaning of Life (Insurance)
- Is It Time To Buy Japanese Stocks?