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Thanks to weak dollar, foreigners may be buying up Florida vacation homes. The U.S. is now on sale! Making the long term bullish case for a dollar rally against the euro.

Now could be the time to get in before markets fully discount the potential growth and better assess the risk.

Client disputes Leuthold’s call for big oil to invest in alternative energy business. Read Steve’s in-depth rebuttal.

Steve's commentary on the stock market's Wall of Worry, the oil patch and mining company squeeze, the abusurdity of corn to ethanol and the world's most valuable companies.

October marked new all-time highs for the S&P 500 and Dow Jones Industrials, while mid and small cap indexes like the Russell 2000, S&P 600 and S&P Mid Cap indexes, tested, but failed to take out their July-2007 highs.

Small Cap outlook continues to deteriorate. Despite recent underperformance, valuation premium is not shrinking.

Relative valuations seem to support a continuation of energy stock strength.

Fed rate cuts not reaching intended targets. Commodity groups caught fire after the initial August 17^th cut and continue to be strong. Meanwhile financial institutions and consumer related groups continue to languish.

Mega Cap stocks (largest 50) derived 47% of income from foreign sources in 2006, up from 37% in 2000. Small/Micro cap stocks received just 15%-20% of income from foreign sources in 2006.

Bad breadth is a global concern. It may come as a surprise that foreign breadth is actually weaker than U.S. readings.

Leuthold’s equity portfolios—and especially our global portfolio—have capitalized on the past few months’ surge in commodities and other basic industries.

Not all gloom and doom this month...Homebuilders approaching window where past busted bubbles have bounced.

We have had some concerns about playing the bounce this year. The stock market has absorbed (ignored) an abundance of bad news only to move higher, placing its faith in further Fed rate cuts.

U.S. focus equity mutual funds outflow now within striking distance of the all-time record outflow of $25 billion for all of 2002.

Select Industries adds "Green Wave"...a thematic group focused on environmentally friendly services, products, and technologies.

Hypermarkets & Supercenters moved into the top 15 of the Group Selection (GS) Scores this month.

Expect economy to slow the remainder of 2007 as a result of slower consumer and business spending, as well as housing and auto woes. A 2008 recession is now a stronger possibility. 

Golden Age Ends For Cash Buyouts, But Does A Silver Age Loom?

Not only is October ‘National Pork Month’ in the U.S., it is the “Year of the Pig” in China. This brings to mind the old stock market homily “A Bull can make money and a Bear can make money, but Pigs are losers.”

Although the general tone of the markets improved in September, we continue to see signs that recent strength may not have a lot of foundation or staying power.