Green Book February 2000
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Featured Articles
Bond Market Summary
Yield curve inversion reflects supply/demand dynamics, expectations of further Fed tightening and unwinding of short strategies by speculators.
Cash Acquisitions
January cash acquisition activity was relatively quiet, at its lowest level in six years.
Insider Block Measures...Selling Remains Heavy, But Still Below Historical Extremes
The latest 10 week reading is in a fast uptrend, but still below historical selling extremes.
January Mutual Fund Flows
This was the best January on record in terms of net inflows, topping January 1997’s $23 billion.
Joke of the Month
I had planned on skipping the Joke Of The Month feature in this February issue, considering all the Fearless Forecast humor (?). However, since this feature seems to be the most widely read part of the entire publication, I decided against the omission.
Market Volatility...Market Liquidity
Billion share days, but a dearth of liquidity for institutions, as market makers contract commitments and ECNs fragment the market.
New Improved Performance Measures For Capitalization Tiers
Today’s popular stock indices may be overweighted toward tech.
Playing The Bounce Update
We elected not to “Play The Bounce” this year. With the overall market soaring to new highs during December, the stage didn’t seem to be right for superior performance from the “Playing The Bounce” stocks.
Scanning The Markets
Market averages all posted losses in January. 45% of groups in Leuthold coverage better than the 5.1% loss in S&P 500. 43% outperformed DJIA’s 4.8% loss.
Small Cap Divergence...Growth Versus Value
The divergence between Small Cap Growth and Value performance continues to widen. It has been all Growth since August 1998.
Tracking Shifts In Market Capitalization Leadership
Could be the beginning of Mid Cap and Small Cap out performance.
View From The North Country
View is just for the fun of it this month: Fearless Forecasts 2000.
Volatility Update…New Year Brings High Volatility
NASDAQ Index volatility has skyrocketed to nose-bleed levels since 1993.
Who's Afraid of the Fed?
The public certainly is not afraid of Mr Greenspan…..Strong public confidence now a key stock market support factor.
Table of Contents
Stock Market
- View From The North Country
- New Improved Performance Measures For Capitalization Tiers
- Tracking Shifts In Market Capitalization Leadership
- Playing The Bounce Update
- January Mutual Fund Flows
- Cash Acquisitions
- Insider Block Measures...Selling Remains Heavy, But Still Below Historical Extremes
- Volatility Update…New Year Brings High Volatility
- Who's Afraid of the Fed?
- Small Cap Divergence...Growth Versus Value
Of Special Interest
Macro Monitor
Equity Strategies
At Random
Bond Market Summary
Yield curve inversion reflects supply/demand dynamics, expectations of further Fed tightening and unwinding of short strategies by speculators.
Cash Acquisitions
January cash acquisition activity was relatively quiet, at its lowest level in six years.
Insider Block Measures...Selling Remains Heavy, But Still Below Historical Extremes
The latest 10 week reading is in a fast uptrend, but still below historical selling extremes.
January Mutual Fund Flows
This was the best January on record in terms of net inflows, topping January 1997’s $23 billion.
Joke of the Month
I had planned on skipping the Joke Of The Month feature in this February issue, considering all the Fearless Forecast humor (?). However, since this feature seems to be the most widely read part of the entire publication, I decided against the omission.
Market Volatility...Market Liquidity
Billion share days, but a dearth of liquidity for institutions, as market makers contract commitments and ECNs fragment the market.
New Improved Performance Measures For Capitalization Tiers
Today’s popular stock indices may be overweighted toward tech.
Playing The Bounce Update
We elected not to “Play The Bounce” this year. With the overall market soaring to new highs during December, the stage didn’t seem to be right for superior performance from the “Playing The Bounce” stocks.
Scanning The Markets
Market averages all posted losses in January. 45% of groups in Leuthold coverage better than the 5.1% loss in S&P 500. 43% outperformed DJIA’s 4.8% loss.
Small Cap Divergence...Growth Versus Value
The divergence between Small Cap Growth and Value performance continues to widen. It has been all Growth since August 1998.
Tracking Shifts In Market Capitalization Leadership
Could be the beginning of Mid Cap and Small Cap out performance.
View From The North Country
View is just for the fun of it this month: Fearless Forecasts 2000.
Volatility Update…New Year Brings High Volatility
NASDAQ Index volatility has skyrocketed to nose-bleed levels since 1993.
Who's Afraid of the Fed?
The public certainly is not afraid of Mr Greenspan…..Strong public confidence now a key stock market support factor.
Stock Market
- View From The North Country
- New Improved Performance Measures For Capitalization Tiers
- Tracking Shifts In Market Capitalization Leadership
- Playing The Bounce Update
- January Mutual Fund Flows
- Cash Acquisitions
- Insider Block Measures...Selling Remains Heavy, But Still Below Historical Extremes
- Volatility Update…New Year Brings High Volatility
- Who's Afraid of the Fed?
- Small Cap Divergence...Growth Versus Value