Of Special Interest

Of Special Interest

  • Of Special Interest

    Past Performance in Perspective

    May 05, 1992 BY Steve Leuthold

    During April, the histogram featured in this section was used in presentations to the Cleveland and Denver analyst societies. It appears to have surprised some professionals, especially those who entered the investment profession during the 1980’s.

    continue reading

  • Of Special Interest

    S&P 500 P/E Ratios: The Lessons Of History

    April 05, 1992 BY The Leuthold Research Team

    This study focuses on the S&P 500 and its P/E ratio.

    continue reading

  • Of Special Interest

    Japan: Buy For A Rally (Maybe More)

    April 05, 1992 BY The Leuthold Research Team

    One of the great bubbles of all time continues to deflate. The Japanese stock market, as measured by the Nikkei Index is now down 53% from its December 1989 peaks. The P/E for the Nikkei has fallen from its 1987 peak of 68 to its current level of 30 (trailing 12 month earnings), a decline of 56%.

    continue reading

  • Of Special Interest

    Earnings Momentum Update

    March 05, 1992 BY The Leuthold Research Team

    The vast majority of 1991 fourth quarter earnings reports have been released.

    continue reading

  • Of Special Interest

    S&P 500 Weighted And Unweighted

    February 05, 1992 BY The Leuthold Research Team

    Each January clients call to inquire about last year's performance of the S&P 500 with each component stock given equal weight. Jim Floyd has updated this calculation. It should come as no surprise that in 1991 the equally weighted S&P 500 outperformed the weighted version. However, it was surprising the margin was as small as it was (only 640 basis points). The weighted S&P 500 was up 26.3% while the equally weighted S&P 500 was up 32.72 (dividends excluded).

    continue reading

  • Of Special Interest

    Stock Market Valuations And Treasury Bill Yields

    February 05, 1992 BY The Leuthold Research Team

    The Leuthold Group currently incorporates 38 stock market valuation measures in its Major Trend Index (see Appendix). Currently 31 of these are at least to some degree negative.

    continue reading

  • Of Special Interest

    Dreams And Nightmares

    January 05, 1992 BY Andrew Engel and Jim Floyd

    Much of the January Green Book is devoted to tradition, so too is this section. We resumed this tradition two years ago and have found it to be quite interesting. We now annually conduct this exercise each January, examining the previous year's leading and lagging stock market groups.

    continue reading

  • Of Special Interest

    A Look In The Rearview Mirror

    January 05, 1992 BY The Leuthold Research Team

    Self examination can be good for the soul, so each year time is taken to look back over the preceding year or so, critically reviewing the significant studies, portfolio shifts and recommendations appearing in this publication. Including the good...and the bad.

    continue reading

  • Of Special Interest

    An Earnings Bottom...What's Next?

    January 18, 2017 BY Scott Opsal and Phil Segner

    It seems like it’s been ages since investors have been able to get excited about earnings growth, although our October 21st “Chart of the Week” showed that the S&P 500’s current earnings slump has been unremarkable in both depth and duration.

     

    continue reading

  • Of Special Interest

    Exploiting Generational Anomalies In Stock vs. Bond Returns

    June 01, 2009 BY Eric Bjorgen

    There are two important conclusions about the historical relationship of stock vs. bond returns:

    1. The current stocks vs. bonds performance differential, over both very short and very long time periods, is at or near historical extremes in every timeframe we examined. This suggests that we are at the threshold of a major (but temporary) market anomaly.
    2. Historically, periods when bonds have outperformed stocks over very long timeframes have proven to be very opportune times to shift out of fixed income assets and into equities.

    continue reading

Pages

Sign-in to your Account