Green Book January 1994
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Featured Articles
1993: A New Low in S&P 500 Volatility
1993 was another dull volatility year for S&P 500, with record low 9.8% volatility. DJIA higher at 17%, but both far below typical volatility of 27%-29%.
A Look in the Rearview Mirror
Self-examination can be good for the soul, so each January time is taken to look back over the preceding year, critically reviewing the significant studies, portfolio shifts and recommendations appearing in our publication. We include both the good…and the bad.
Dreams and Nightmares - A Look at What Might Have Ben
In 1993, it surprisingly paid off to stick with last year's big winners and avoid 1992's big losers.
Global Infrastructure: A New Addition to the Equity Portfolio
"Global Infrastructure" seeks to identify companies that will take advantage of expanding capital outlays for these types of projects around the world.
Inside the Bond Market
Weight of the evidence now mildly negative on bond market.
Joke of the Month
This comes from my old Texas friend, Roger Young. Roger is no longer at Criterion Investment Management, setting up his own hedge fund shop in Houston. In the past, Roger has been a store of great jokes, most of them unprintable.
Major Trend Index Remains Neutral
The U.S. stock market environment seems to be pretty much a continuation of the 1993 frolics, big new supply and continued institutional buying as professionals invest new cash flow from individual investors who don't know that Wall Street can be a two way street.
Mutual Fund Focus
It has been an incredible year for the fund industry, with unprecedented cash flows into all types of mutual funds.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by 1993's performance.
View From the North Country
1994 Predictions: Stock market ultimately down, interest rates up, economy quite strong, inflation ticks up, budget deficit down, the dollar mixed, and an AFL team will win the Super Bowl.
Table of Contents
Stock Market
- Major Trend Index Remains Neutral
- Mutual Fund Focus
- View From the North Country
- 1993: A New Low in S&P 500 Volatility
- Dreams and Nightmares - A Look at What Might Have Ben
Of Special Interest
Macro Monitor
Equity Strategies
At Random
1993: A New Low in S&P 500 Volatility
1993 was another dull volatility year for S&P 500, with record low 9.8% volatility. DJIA higher at 17%, but both far below typical volatility of 27%-29%.
A Look in the Rearview Mirror
Self-examination can be good for the soul, so each January time is taken to look back over the preceding year, critically reviewing the significant studies, portfolio shifts and recommendations appearing in our publication. We include both the good…and the bad.
Dreams and Nightmares - A Look at What Might Have Ben
In 1993, it surprisingly paid off to stick with last year's big winners and avoid 1992's big losers.
Global Infrastructure: A New Addition to the Equity Portfolio
"Global Infrastructure" seeks to identify companies that will take advantage of expanding capital outlays for these types of projects around the world.
Inside the Bond Market
Weight of the evidence now mildly negative on bond market.
Joke of the Month
This comes from my old Texas friend, Roger Young. Roger is no longer at Criterion Investment Management, setting up his own hedge fund shop in Houston. In the past, Roger has been a store of great jokes, most of them unprintable.
Major Trend Index Remains Neutral
The U.S. stock market environment seems to be pretty much a continuation of the 1993 frolics, big new supply and continued institutional buying as professionals invest new cash flow from individual investors who don't know that Wall Street can be a two way street.
Mutual Fund Focus
It has been an incredible year for the fund industry, with unprecedented cash flows into all types of mutual funds.
Scanning the Markets
A performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by 1993's performance.
View From the North Country
1994 Predictions: Stock market ultimately down, interest rates up, economy quite strong, inflation ticks up, budget deficit down, the dollar mixed, and an AFL team will win the Super Bowl.
Stock Market
- Major Trend Index Remains Neutral
- Mutual Fund Focus
- View From the North Country
- 1993: A New Low in S&P 500 Volatility
- Dreams and Nightmares - A Look at What Might Have Ben