The Lowry Analysis was first offered to investors in 1939 by our founder, L. M. Lowry, based on research studies originally extending back to 1933. We have since extended the studies back to 1925 to analyze the conditions leading up to the 1929 Crash. Lowry Research Corporation, the oldest continuously published Investment Advisory in the United States, is based exclusively on our measurements of the forces of Supply and Demand at work in the New York and NASDAQ stock exchanges as well as 22 major World markets.
Lowry Research Corporation produces the Lowry Analysis and Lowry Capital Management Corporation manages investment portfolios in coordination with the Lowry Analysis. The two corporations are closely held by the same shareholders, and closely allied by the same analysis of major market trends.
Virtually every economics textbook states, “The Law of Supply and Demand is the foundation, the starting point, of all economic analysis.” It is the changes in Supply and Demand over time which produce bull markets and bear markets. Lowry is widely considered the authority on market trends.
The big money is generally made during the big stock market trends. Bull markets throughout the past 85+ years have lasted an average of approximately four years. To take full advantage of bull markets, it is essential to identify major market bottoms as quickly as possible, and to capture the generous capital gains that occur in a new bull market. Paul Desmond’s award-winning whitepaper, Identifying Bear Market Bottoms and New Bull Markets, is considered the definitive work on this subject, and has accurately identified numerous major market bottoms with significant accuracy. A complimentary copy of that whitepaper is available to you by clicking here.
At the same time, the biggest threats facing all investors are bear markets. The 2000-2003 bear market cut equity portfolios in half. The 2007-2009 bear market losses set the S&P 500 Index back 15 years. Thus, the first question every investor should ask of their portfolio manager is, “What will you do to protect my assets during future bear markets?” The vast majority of portfolio managers across the globe will reply, “There are no warning signs of bear markets.” “Bear markets are inevitable, and must simply be endured.” We disagree with that position in the strongest terms. The Lowry Analysis has, over many years of highly detailed study, uncovered a variety of classic warning signs of bear markets – all based on signs of weakening investor Demand for equities and an expanding Supply of stocks for sale. These warning signs – one of which is shown in the chart at the top of this page -- allow Lowry Capital Management to restructure clients’ portfolios as conditions warrant, to minimize exposure to bear markets, and to preserve capital for reinvestment in the next bull market. A complimentary copy of our whitepaper titled, The Warning Signs of Major Market Tops, is available to you by clicking here.