Green Book May 2000
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Featured Articles
April Mutual Fund Flows: Buying The Dip…
Surprised by the perseverance of U.S. mutual fund investors. In spite of market turmoil, $25 billion flowed into U.S. focus equity funds…The public did actually buy the dip.
Bond Market Summary
Further Fed tightening to come…..Next few month inflation news likely to be scary.
Capitalization Tier Meausres
The Leuthold Group has set about to create a more realistic assessment of Big, Mid, Small, and Micro cap performance.
Internet Insanity Index
The Internet Insanity Index continued its descent back to earth with a big 18.2% decline during April.
Joke of the Month
The two previous jokes could very well have been winners, but the following joke, appearing in Peter Sherlock’s client letter, is particularly timely.
Margin Supports Stock Speculators…As A Rope Supports A Hanged Man
Margin debt creates problem for the market.
Net New Equity Supply
A net increase of $30 billion in new supply this year. Quite a reversal from 1999 where YTD $39 billion of new offerings was almost 50% less than cash acquisitions.
New Select Industries Group Holding...Adding Pharmaceuticals And Deactivating Biotech
With the improvement of the Pharmaceutical group within our GS Score rankings to attractive, along with Biotech’s fall from grace (all the way to unattractive), we are getting a chance to make a move into the drug stocks.
Reprint Of Early April Conference Call
Special reprint of Steve Leuthold, Byron Wien and Charley Maxwell conference call from early April.
Scanning The Markets
Technology stocks were particularly hard hit in April, with nine of the 15 worst performing groups being Tech related.
View From The North Country
What has happened to the Stock/Bond Models? Does the CPI now understate inflation? If stock market returns average 20% per year, as some investors expect, young investors need not worry about Social Security…Fat Chance!
Volatility 2000 Continues
Modifications to Major Trend Index improve reading, but MTI is still very negative.
Volatility Update…Incredible Volatility In 2000!
NASDAQ moved 1% or more every day but one in April!
Table of Contents
Stock Market
- View From The North Country
- Volatility 2000 Continues
- Margin Supports Stock Speculators…As A Rope Supports A Hanged Man
- Volatility Update…Incredible Volatility In 2000!
- April Mutual Fund Flows: Buying The Dip…
- Insider Block Measures...At All Time High Selling Extreme
- Net New Equity Supply
- Capitalization Tier Meausres
Of Special Interest
Macro Monitor
Equity Strategies
- Internet Insanity Index
- New Select Industries Group Holding...Adding Pharmaceuticals And Deactivating Biotech
- Scanning The Markets
At Random
April Mutual Fund Flows: Buying The Dip…
Surprised by the perseverance of U.S. mutual fund investors. In spite of market turmoil, $25 billion flowed into U.S. focus equity funds…The public did actually buy the dip.
Bond Market Summary
Further Fed tightening to come…..Next few month inflation news likely to be scary.
Capitalization Tier Meausres
The Leuthold Group has set about to create a more realistic assessment of Big, Mid, Small, and Micro cap performance.
Internet Insanity Index
The Internet Insanity Index continued its descent back to earth with a big 18.2% decline during April.
Joke of the Month
The two previous jokes could very well have been winners, but the following joke, appearing in Peter Sherlock’s client letter, is particularly timely.
Margin Supports Stock Speculators…As A Rope Supports A Hanged Man
Margin debt creates problem for the market.
Net New Equity Supply
A net increase of $30 billion in new supply this year. Quite a reversal from 1999 where YTD $39 billion of new offerings was almost 50% less than cash acquisitions.
New Select Industries Group Holding...Adding Pharmaceuticals And Deactivating Biotech
With the improvement of the Pharmaceutical group within our GS Score rankings to attractive, along with Biotech’s fall from grace (all the way to unattractive), we are getting a chance to make a move into the drug stocks.
Reprint Of Early April Conference Call
Special reprint of Steve Leuthold, Byron Wien and Charley Maxwell conference call from early April.
Scanning The Markets
Technology stocks were particularly hard hit in April, with nine of the 15 worst performing groups being Tech related.
View From The North Country
What has happened to the Stock/Bond Models? Does the CPI now understate inflation? If stock market returns average 20% per year, as some investors expect, young investors need not worry about Social Security…Fat Chance!
Volatility 2000 Continues
Modifications to Major Trend Index improve reading, but MTI is still very negative.
Volatility Update…Incredible Volatility In 2000!
NASDAQ moved 1% or more every day but one in April!
Stock Market
- View From The North Country
- Volatility 2000 Continues
- Margin Supports Stock Speculators…As A Rope Supports A Hanged Man
- Volatility Update…Incredible Volatility In 2000!
- April Mutual Fund Flows: Buying The Dip…
- Insider Block Measures...At All Time High Selling Extreme
- Net New Equity Supply
- Capitalization Tier Meausres
Of Special Interest
Macro Monitor
Equity Strategies
- Internet Insanity Index
- New Select Industries Group Holding...Adding Pharmaceuticals And Deactivating Biotech
- Scanning The Markets