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A performance rundown for The Leuthold Group's equity market sectors ranked by year to date performance.

Combination of seasonal trend and recent sharp drop in gold shares too tempting to pass up.

The traditional "Bounce" accumulation season is here but so far we haven't played the game. We may play the "Bounce" in December, but only if stocks sell-off sharply, or perhaps the last week of the month.

Economy Humming Along...Fed Not Done Yet...Inflation Still Number One Worry

The Economic Surprise And Inflation, The Feds Overheating Economy And Inflation Fears Are Justified and “Contract With America”: The Danger Is Big Tax Cuts But Minimal Spending Cuts

Bond market decline may be in find stages, but stock market can stilll fall 20%- 25%, even if bonds stabilize in coming months.

Public investment sentiment, as reflected by equity mutual fund cash flows, is becoming considerably more cautious.

The S&P 500 declined 4.0% for the month of November and is now down 1.7% for the year to date.

"Retailing Resurgence” held up well in November and we have not given up on Santa Claus yet.

Positive net cash flows into U.S. focus mutual funds are no longer overwhelming new equity offerings. But no investor panic yet.

Bond market decline may be in final stages, but stock market can still fall 25%, even if bonds stabilize in coming months.

New equity offerings now about matching net inflows into U.S. focus equity mutual funds. Still no evidence of net redemptions for U.S. focus equity funds.

Has this been an "invisible bear market” with internal rolling corrections in stocks, groups and sectors? A new index from Ned Davis shows this is probably not the case.

Contrary to what others may conclude, current long term investor optimism is high (this may not be good).

Performance rundown for The Leuthold Group's equity market sectors (and other measures) ranked by October performance.

Consumer confidence is high, the economy is solid. We do not think Christmas 1994 is yet reflected in many retailing stocks. Look at this like a retailing “bounce" opportunity.

Economic growth and stock market performance don’t go hand in hand - the stock market looks ahead. Don’t be surprised by more wage irrflation. The AdvantHedge short selling program is updated and explained because readers have expressed a growing interest (maybe it’s the market).

Weight of the evidence discipline remains negative on a cyclical basis, but long T-bond six month risk seen only as 8.25%-8.50% level, with 12 month risk at 8.50% level.

Last year’s bounce was pretty feeble and we have reservations about this year as well...we will not be playing the “Bounce” yet, maybe later this year.

Major Trend Index deteriorated by 591 points in September, and remains quite decisively in negative territory. We continue to approach equity investing with a great deal of caution, operating in a bear market mode.