Green Book January 2002
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Featured Articles
....The Year That Was
Looking Back: The best thing about 2001 is that it is over. Looking Forward: The seasons are with us as January is statistically the strongest month of the year.
A Look In The Rearview Mirror...The Best And Worst Of Our Research In 2001
Annual examination of our work from the previous year.…closely reviewing what we called right and wrong.
Bond Market Summary
Bond Market weakness is adjustment to end of Fed easing cycle.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
December Mutual Fund Flows
There has now been net inflow in each of the last three months, but this doesn't mean that investor confidence has recovered.
Fad Groups
Some groups tend to move in and out of favor in a hurry. We review the dramatic performance swings of our recently created Security Companies and BioDefense groups along with Energy Technology.
Focus On Equity Supply
This year’s equity offerings volume, as measured by common shares in IPO and secondary financings, finished the year well below the levels of 2000.
Insider Block Measures & NASDAQ Short Interest Ratio
Insider block measures now moving down toward bullish territory…..but not there yet.
Joke of the Month
According to the judge, this month we have a tie, co-winners.
Large Cap Versus Small Cap: S&P 500 Versus Russell 2000
For the third straight year, the Russell outperforms.
Leuthold Group Playing The Bounce This Year
Tactical move that has worked moderately well so far.
New Select Industries Group Holding: Air Freight & Couriers
GS Scores improved to Attractive on VLT buy signals in both price and relative strength.
Normalizing Earnings Is Now Essential
Earnings are cyclical and the economic cycle causes distortions. A focus on which earnings to use and how to evaluate the differences.
Scanning The Markets
Group leaders & laggards in 2001.
Tech Watch
S&P Tech remained flat in December, but P/E ratios continue to climb as poor earnings are reported.
View From The North Country
Leuthold’s New Year Predictions for 2002 and a review of last year’s predictions.
Volatility Update
While the markets are still very volatile, the vast majority of our volatility charts show 2001 levels down somewhat from 2000.
Table of Contents
Stock Market
- View From The North Country
- ....The Year That Was
- Leuthold Group Playing The Bounce This Year
- Large Cap Versus Small Cap: S&P 500 Versus Russell 2000
- December Mutual Fund Flows
- Focus On Equity Supply
- Normalizing Earnings Is Now Essential
- Volatility Update
- Capitalization Tier Meausres
- Insider Block Measures & NASDAQ Short Interest Ratio
Of Special Interest
Macro Monitor
Equity Strategies
- Tech Watch
- Fad Groups
- Scanning The Markets
- New Select Industries Group Holding: Air Freight & Couriers
At Random
....The Year That Was
Looking Back: The best thing about 2001 is that it is over. Looking Forward: The seasons are with us as January is statistically the strongest month of the year.
A Look In The Rearview Mirror...The Best And Worst Of Our Research In 2001
Annual examination of our work from the previous year.…closely reviewing what we called right and wrong.
Bond Market Summary
Bond Market weakness is adjustment to end of Fed easing cycle.
Capitalization Tier Meausres
Continuing to evaluate Leuthold Index methodology.
December Mutual Fund Flows
There has now been net inflow in each of the last three months, but this doesn't mean that investor confidence has recovered.
Fad Groups
Some groups tend to move in and out of favor in a hurry. We review the dramatic performance swings of our recently created Security Companies and BioDefense groups along with Energy Technology.
Focus On Equity Supply
This year’s equity offerings volume, as measured by common shares in IPO and secondary financings, finished the year well below the levels of 2000.
Insider Block Measures & NASDAQ Short Interest Ratio
Insider block measures now moving down toward bullish territory…..but not there yet.
Joke of the Month
According to the judge, this month we have a tie, co-winners.
Large Cap Versus Small Cap: S&P 500 Versus Russell 2000
For the third straight year, the Russell outperforms.
Leuthold Group Playing The Bounce This Year
Tactical move that has worked moderately well so far.
New Select Industries Group Holding: Air Freight & Couriers
GS Scores improved to Attractive on VLT buy signals in both price and relative strength.
Normalizing Earnings Is Now Essential
Earnings are cyclical and the economic cycle causes distortions. A focus on which earnings to use and how to evaluate the differences.
Scanning The Markets
Group leaders & laggards in 2001.
Tech Watch
S&P Tech remained flat in December, but P/E ratios continue to climb as poor earnings are reported.
View From The North Country
Leuthold’s New Year Predictions for 2002 and a review of last year’s predictions.
Volatility Update
While the markets are still very volatile, the vast majority of our volatility charts show 2001 levels down somewhat from 2000.
Stock Market
- View From The North Country
- ....The Year That Was
- Leuthold Group Playing The Bounce This Year
- Large Cap Versus Small Cap: S&P 500 Versus Russell 2000
- December Mutual Fund Flows
- Focus On Equity Supply
- Normalizing Earnings Is Now Essential
- Volatility Update
- Capitalization Tier Meausres
- Insider Block Measures & NASDAQ Short Interest Ratio
Of Special Interest
Macro Monitor
Equity Strategies
- Tech Watch
- Fad Groups
- Scanning The Markets
- New Select Industries Group Holding: Air Freight & Couriers