Green Book April 2000
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Featured Articles
Bond Market Summary
Strong economic news, and rising inflation trends make further Fed tightening almost a certainty.
Future Stock Market Sector Leadership
We believe Energy and Health Care are now moving into leadership positions.
Insider Block Measures...Heavy Selling Triggers A New “Sell” Signal
High level of selling indicating corporate insiders see a rough road ahead for the stock market. Historically, insiders have been right.
Internet Insanity Index
Performance for the entire Insanity Index has been aided by the inclusion of the Online Brokers in this group. This subset of our index was up almost 24% on average in March, and up 33% YTD.
Joke of the Month
To remain on the good side of the PC police, it is this publication’s policy not to run Blonde jokes…unless they are submitted by women.
March Mutual Fund Flows
This has been the best start to a new year on record in terms of net inflows, with $100 billion coming in during the first quarter. However, the cash acquisition “equity shrinking” trend has allowed the flood of mutual fund inflows to overwhelm reduced net supply.
New Capitalization Tier Measures
New Leuthold Capitalization Tier performance measures explained and detailed.
New Select Industries Group Holding: Aerospace & Defense
We see insider buying, also some actual value here and an increase in defense spending.
New Select Industries Group Holding: Oil & Gas Refining & Marketing
See margin expansion, insider buying and VLT momentum buy signal.
Scanning The Markets
Biotech took a big tumble in March, and its 30% loss was the worst performing group. Technology issues were also particularly hard hit with 5 of the next 7 worst performers high tech groups.
The Current Market
Year 2000 Q1 is history. Initially technology ruled, but “old economy” stocks revived late in the quarter, although it looked for a while like they might be terminal. But, you want to know what I think will happen now.
U.S. Equity Ownership Trends
A look at the short and long term trends among the major categories of U.S. stock market shareholders.
View From The North Country
Individuals are sincere about investing appropriately, but get virtually no advise about risk. Also, putting the speed and volatility of the internet revolution in perspective.
Volatility Update…Very Volatile Year So Far!
This is the most volatile market year for the S&P 500 since 1938, now surpassing the 45.1% level recorded in 1974.
Table of Contents
Stock Market
- View From The North Country
- The Current Market
- Future Stock Market Sector Leadership
- March Mutual Fund Flows
- Insider Block Measures...Heavy Selling Triggers A New “Sell” Signal
- Volatility Update…Very Volatile Year So Far!
- New Capitalization Tier Measures
Of Special Interest
Macro Monitor
Equity Strategies
- Internet Insanity Index
- Scanning The Markets
- New Select Industries Group Holding: Oil & Gas Refining & Marketing
- New Select Industries Group Holding: Aerospace & Defense
At Random
Bond Market Summary
Strong economic news, and rising inflation trends make further Fed tightening almost a certainty.
Future Stock Market Sector Leadership
We believe Energy and Health Care are now moving into leadership positions.
Insider Block Measures...Heavy Selling Triggers A New “Sell” Signal
High level of selling indicating corporate insiders see a rough road ahead for the stock market. Historically, insiders have been right.
Internet Insanity Index
Performance for the entire Insanity Index has been aided by the inclusion of the Online Brokers in this group. This subset of our index was up almost 24% on average in March, and up 33% YTD.
Joke of the Month
To remain on the good side of the PC police, it is this publication’s policy not to run Blonde jokes…unless they are submitted by women.
March Mutual Fund Flows
This has been the best start to a new year on record in terms of net inflows, with $100 billion coming in during the first quarter. However, the cash acquisition “equity shrinking” trend has allowed the flood of mutual fund inflows to overwhelm reduced net supply.
New Capitalization Tier Measures
New Leuthold Capitalization Tier performance measures explained and detailed.
New Select Industries Group Holding: Aerospace & Defense
We see insider buying, also some actual value here and an increase in defense spending.
New Select Industries Group Holding: Oil & Gas Refining & Marketing
See margin expansion, insider buying and VLT momentum buy signal.
Scanning The Markets
Biotech took a big tumble in March, and its 30% loss was the worst performing group. Technology issues were also particularly hard hit with 5 of the next 7 worst performers high tech groups.
The Current Market
Year 2000 Q1 is history. Initially technology ruled, but “old economy” stocks revived late in the quarter, although it looked for a while like they might be terminal. But, you want to know what I think will happen now.
U.S. Equity Ownership Trends
A look at the short and long term trends among the major categories of U.S. stock market shareholders.
View From The North Country
Individuals are sincere about investing appropriately, but get virtually no advise about risk. Also, putting the speed and volatility of the internet revolution in perspective.
Volatility Update…Very Volatile Year So Far!
This is the most volatile market year for the S&P 500 since 1938, now surpassing the 45.1% level recorded in 1974.
Stock Market
- View From The North Country
- The Current Market
- Future Stock Market Sector Leadership
- March Mutual Fund Flows
- Insider Block Measures...Heavy Selling Triggers A New “Sell” Signal
- Volatility Update…Very Volatile Year So Far!
- New Capitalization Tier Measures
Of Special Interest
Macro Monitor
Equity Strategies
- Internet Insanity Index
- Scanning The Markets
- New Select Industries Group Holding: Oil & Gas Refining & Marketing
- New Select Industries Group Holding: Aerospace & Defense