Of Special Interest

Of Special Interest

  • Of Special Interest

    The Shift to Secondary Stocks: Is It For Real?

    March 01, 1988 BY Steve Leuthold

    February was a darn good month for secondary stocks. Most of our measures of secondary stock relative momentum broke their 3-4 year downtrends. We are now operating under the assumption that a significant shift in market character has occurred.

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  • Of Special Interest

    Enough Is Enough!

    February 07, 1988 BY The Leuthold Research Team

    The Brady Commission's study of the October Crash was published this last month.

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  • Of Special Interest

    The 1988 Outlook

    January 07, 1988 BY The Leuthold Research Team

      In this business, it is often best to conveniently forget what was said in the past.

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  • Of Special Interest

    A Look In The Rearview Mirror

    January 07, 1988 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 where we were right....and where we were wrong.

    Of course, this kind of self-analysis has some built-in bias, but nevertheless, it is productive. If done honestly, it gives readers and ourselves a better view of the strengths and yes, the shortcomings of our work.

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  • Of Special Interest

    Should You Swear Off Secondary Stocks?

    December 01, 1987 BY Steve Leuthold

    Some of our clients are taking a pledge to never again buy secondary stocks, especially OTC issues. We urge you not to take this same pledge. Since mid-1983 secondary stocks have lagged badly, but this is not typical.

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  • Of Special Interest

    Value Benchmarks

    November 01, 1987 BY Steve Leuthold

    The stock market is no longer radically overvalued. The current readings on these benchmarks approximate the readings at some past cyclical bear market lows. History tells us that new cyclical bull markets do not always have to come from grossly undervalued levels.

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  • Of Special Interest

    A “New Era” Version of the Major Trend Index?

    October 01, 1987 BY Steve Leuthold

    Our published Major Trend Index has been registering negative readings since spring. But what happens if we remove the Intrinsic Value measures from the Index?

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  • 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.

     

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  • 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.

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