Green Book January 1998
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Featured Articles
1997 Dreams And Nightmares...Minimal Metamorphosis
Each January, this publication has presented a look back at the prior year’s best and worst industry groups and institutional stocks.
A Look In The Rearview Mirror
What we did well and not so well...
Are Today's Mutual Fund Investors Different?
Over and over we hear and read that today’s mutual fund investors are different. They are truly long term investors saving for retirement.
Big Cap Versus Small Cap: S&P 500 Versus Russell 2000
The following table compares the performance of the Russell 2000 Index since its inception in 1979 with the S&P 500.
Emerging Markets: Bottom Fishing
Some emerging markets continued to submerge in December, others stabilized and a few rallied.
Inflation Update
Wage inflation looked like it was finally taking off in October, but November's data showed a different picture, as four of the nine subsets (including Total Wage inflation) moved lower.
Joke of the Month
Joke flow was on the scanty side this holiday period, so this month it's a trip to the Joke Bank.
Playing The Bouce Update
This publication has chosen not to employ this late 1997-early 1998 tactical trading strategy.
Three Distinct Economic Periods
Yield curve typically inverted about 62% of the time.
View From The North Country
1998...Will "New Era" deflate? Thermal pollution time...Steve Leuthold offers his 1998 views on U.S. stock market, interest rates, economy, etc. Also a review of 1997's prognostications.
Welcome to 1998
The new year has started with a disappointing thud rather than the liquidity induced bang expected by the consensus.
What Is Flat Yield Curve Telling Us?
Long term rates are "normally" higher than short term rates to compensate investors for the likely risk that inflation will undermine the value of their bonds.
Where Will The January-February Liquidity Flood Go?
Regardless of conflicting trends being reported in December by AMG and Trim Tabs, our studies conclude that December net inflows into U.S. focus funds (not foreign funds) exceeded December 1996.
Table of Contents
Stock Market
- View From The North Country
- Welcome to 1998
- Where Will The January-February Liquidity Flood Go?
- Emerging Markets: Bottom Fishing
- Playing The Bouce Update
- Big Cap Versus Small Cap: S&P 500 Versus Russell 2000
- Are Today's Mutual Fund Investors Different?
- 1997 Dreams And Nightmares...Minimal Metamorphosis
Of Special Interest
Macro Monitor
At Random
1997 Dreams And Nightmares...Minimal Metamorphosis
Each January, this publication has presented a look back at the prior year’s best and worst industry groups and institutional stocks.
A Look In The Rearview Mirror
What we did well and not so well...
Are Today's Mutual Fund Investors Different?
Over and over we hear and read that today’s mutual fund investors are different. They are truly long term investors saving for retirement.
Big Cap Versus Small Cap: S&P 500 Versus Russell 2000
The following table compares the performance of the Russell 2000 Index since its inception in 1979 with the S&P 500.
Emerging Markets: Bottom Fishing
Some emerging markets continued to submerge in December, others stabilized and a few rallied.
Inflation Update
Wage inflation looked like it was finally taking off in October, but November's data showed a different picture, as four of the nine subsets (including Total Wage inflation) moved lower.
Joke of the Month
Joke flow was on the scanty side this holiday period, so this month it's a trip to the Joke Bank.
Playing The Bouce Update
This publication has chosen not to employ this late 1997-early 1998 tactical trading strategy.
Three Distinct Economic Periods
Yield curve typically inverted about 62% of the time.
View From The North Country
1998...Will "New Era" deflate? Thermal pollution time...Steve Leuthold offers his 1998 views on U.S. stock market, interest rates, economy, etc. Also a review of 1997's prognostications.
Welcome to 1998
The new year has started with a disappointing thud rather than the liquidity induced bang expected by the consensus.
What Is Flat Yield Curve Telling Us?
Long term rates are "normally" higher than short term rates to compensate investors for the likely risk that inflation will undermine the value of their bonds.
Where Will The January-February Liquidity Flood Go?
Regardless of conflicting trends being reported in December by AMG and Trim Tabs, our studies conclude that December net inflows into U.S. focus funds (not foreign funds) exceeded December 1996.
Stock Market
- View From The North Country
- Welcome to 1998
- Where Will The January-February Liquidity Flood Go?
- Emerging Markets: Bottom Fishing
- Playing The Bouce Update
- Big Cap Versus Small Cap: S&P 500 Versus Russell 2000
- Are Today's Mutual Fund Investors Different?
- 1997 Dreams And Nightmares...Minimal Metamorphosis