Latest Research

Equity Portfolio concentrated in Health Care and Technology. Looking ahead to other potential areas of leadership: Oil Patch, Telecom Survivors, Airlines, and Unregulated Energy Producers.

On March 11th, the stock market made a new low for the year. But in anticipation of a final resolution with Saddam Hussein, the market bounced off those lows and closed higher for eight trading days in a row.

Past history shows the market can recover in spite of an absence of Main Street support.

A recently released survey of over 500 large and mid size employers found that the employee participation rate in 401(k) plans dropped to a level not seen since the early 1990s.

In Q1, the instances of High Volatility in the S&P 500 was at the fifth highest level dating back to 1900.

The latest 10-week reading of 0.27% has risen back into the normal zone after spending six weeks in bullish territory.

Each month, we get a number of client questions via meetings, phone calls, and e-mails regarding various aspects of our research.

Both ratios still bullish.

A new group of companies that we think have a good shot at being involved in the reconstruction of Iraq.

The S&P 500 was up 0.8% in March, but ended Q1 down 3.6%.

New bond market timing tool discovered. Testing reveals it has a remarkable forecasting record. Currently signaling bond market top!

We’ve carved out subsets from Wall Street’s oversimplified classification of drug stocks.

The broad Tech sector is down significantly from all time highs, but is still not cheap by traditional measures.

Consumer confidence now dismal. Historical analysis however indicates that good buying opportunities are typically found during periods of extreme pessimism. Currently view Conference Board measure as a stock market positive!

Buying opportunity at hand. Stock market professionals should be anticipating, not reacting. Today, I view current market malaise as a potentially outstanding buying opportunity.

Expect the S&P 500 financial weighting to fall to 14% or so over the next two years, as they underperform the overall S&P 500 index.

Leuthold deactivation of two energy groups last month was a tactical move and does not represent a longer term bearish fundamental view toward the oil patch.

The index is not currently “overvalued”…..Nor is it undervalued. Small/mid cap stocks cheap, but large caps also getting attractive.

Given various assumed compound rates of return, how long will it take for the investor who remained in stocks to catch the investor who shifted to T-bills at the top?

U.S. focus equity fund net outflow of $13 billion is estimated for February.