Inside The Stock Market ...trends, cross-currents, and outlook
Still Cautious, But…
The May market surge was both impressive and unexpected. Most of Wall Street was surprised by the magnitude of the move.
Client Questions About Our Equity Strategy
Most, but not all of these are actual client questions recently fielded by The Leuthold Group. A few are questions we think some of you might like to ask, but are reluctant to do so.
1990 Stock Market/Bond Market Relationship
So far in 1990, the two markets have moved very much in tandem, at least in terms of direction. Has the bond market been keying on the stock market or has the stock market been keying on the bond market?
View from the North Country
"Gorby" Visits The Leuthold Group...Graying Of America And The Pension And Related Services Business...Client Feedback On Japan...California Real Estate Update
View from the North Country
What’s Up In Japan...Not High on Northwest Airlines...The Good Guys Are Leaving (Office)...Fat Is Where It’s At (Fearless Forecast)...Harley Davidson (Model Portfolio Stock) Introduces New Fat Boy Bike...Phony Evel Knutson Communique Surfaces!
No Change in Our Outlook
The stock market bent in April but did not break. Nevertheless, our market disciplines continue to repeat their dreary message.
Stock Market Commentary
Upon returning to the office at month end, my first impression of April stock market action was positive. But then I dug into our indicators, chart books and numbers. It was clear my first impression was wrong.
Projecting Stock Market Levels Using Intrinsic Value Benchmarks
How far would today’s stock market have to fall to achieve normal benchmark valuation levels? How far would it have to fall to reach 1987 post-crash levels? On the brighter side, how far up would today’s market have to move to match the valuation extremes of 1987’s third quarter?
Stock Market Remains Vulnerable
Our Major Trend Index remains decidedly negative. The current ratio of 0.67, although improved from a week ago, is about the same as a month ago. Thus our opinion is unchanged. It appears we are in the early stage of a cyclical bear market.
View from the North Country
Back on January 1, 1984, American Telephone & Telegraph was broken up into the seven “Baby Bells” and AT&T. At the time, Wall Street was not impressed with the prospects. But the telephone “Break-Up” Portfolio was hard to beat 1984-1989.
Do You Remember "Emerging Growth Stocks?
Once upon a time, way back in 1985, Emerging Growth stocks were market leaders.
Minor Adjustments To Major Trend Index
In February, minor adjustments In the Major Trend Index Included adding a few new components.
Two Sectors For The 1990's?
For several months now we have been putting together two additional conceptual sectors, "Clean Energy" and "Rebuilding America".
Fearless Forecasts....1990
Each year, along about this time, this publication (with help from our readers) makes a series of "Fearless Forecasts".
View From The North Country
In December 1989, a survey of program trading opinions was taken among the members of the National Organization of Investment Professionals.
It Finally Paid To Hold IBM
What a nasty way to kick off the new decade.
View From The North Country
This issue includes some New Year's traditions. First, our economic and market outlook for the New Year.
Defensive Posture Maintained
It continues to appear the stock market is forming a major cyclical bull market top. The Major Trend Index did improve some in December but remains convincingly negative with a reading of +1461 and -2000.
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