2002/3 MARKET FORECASTS
It is NOT WHAT you know, but WHEN
you know it.
© Henry Weingarten Last Updated:
Most of the following material has been serialized in
WALL STREET, NEXT
. This is our semiannual
update from our
10th Annual Astrology and Stock
May 17-18, 2002
in New York City.
Note: Hyper links
that are prefaced with a S: are restricted to
There are five primary celestial and terrestial phenomena affecting world
events and global markets in
The third and last of Saturn Pluto oppositions
on May 26, 2002,
June 10 Solar Eclipse,
The first of three
Jupiter Neptune oppositions September 11 [and Feb
16 and June 3 2003],
- November US Midterm
December 4th [and Nov 23, 2003] Total Solar
Three Big Investing Ideas
1. US DOLLAR DECLINE CONTINUING IN 2002/3
The long term secular US$ rally is now
clearly over despite the latest monthly trade deficit ONLY 316 Billion
dollars. We are close to our P1 target of 112; P2 108.
We expect to see the Euro .93-1.01 by 2003.
2. SATURN/PLUTO ENDS 2002
for a global economic slowdown and fears of recession
were well founded. However, our WSNW Mantra since
911 has been: "There is now light at the end of the tunnel
as this aspect ends May 2002."
of its effects was Saturn (sense of security) in opposition
(opposed by) Pluto (Terrorism).
3. JUPITER/NEPTUNE THEME: PREPARE TO PROSPER 2002/2003
Let the good time roll and will it be back to "What
ME worry?" The curent trend of more realistic stock
valuation that began with Jupiter/Saturn conjunction
in 2000 MAY become lost with this new zeitgeist shift. For
example, Jet Blue (JBLU) on 5/6 at 52 was three times greater than UAL
and 2/3rd's American Airlines (AMR). Better instead enjoy buying
at Christie May 31 at Rockefeller Center at their Wine auction [ruled
Christie's - Auction Calendar]
The key event of 2001 was
a purely economic view, this horrible tragedy ironically
had positive implications for many market sectors ranging
from security and defense to construction. This
is/was primarily due to the economic stimulation and the
relative unimportance in balancing the budget in 2002.
Without 911, a budget deficit would have happened as both individuals
and companies were underperforming. Furthermore,
it forced an early capitulation, i.e. end of the Bear market,
as stocks moved into stronger, instititutional hands. Thus
after the First Saturn-Pluto opposition, we began repeating:
THERE IS LIGHT AT END OF THE TUNNEL Saturn-Opposition
Pluto ends May 2002!
FALL 2002 markets will be HIGHER than today.
DIFFICULT PROGRESS: CLIMBING THE WALL OF WORRY
Like many others we see a stronger second half world
economy for 2002 and the markets. The question of how
high is up will depend on how low markets go in the Spring
of 2002. Will they retest Fall 2001 lows, Spring 2001 lows
or even the October 98 lows? However, we are now in a "market of stocks"
where stock selection and sector picking as well as market timing of the
stock market counts.
Two short term positives for the markets are the longer term effects of
lower US interest
rates (Don't Fight the Fed) and the post 911
spending programs. There is a well known tendency
of markets to "climb the wall of worry" and we
have seen plenty of this (worry) coming up. The
cup is only half full as global economies deal with unemployment
and additional bankruptcies follow through. However, today
this is OLD NEWS!
The profits from
the Fall 2002 market rally will need to be protected
against future potential bear assaults in 2003. We advise
against returning to past excessive speculation as investor
fear recedes. To quote a recent Citibank ad: “ Being filthy
rich is so 1999. ” Junk bond defaults, one prime
example, are at a post 1929 depression high and will climb yet
highe this year. Still, the cup is half empty: stocks will perform
better than cash AND bonds in 2002.
OMG- Single Digit Growth? “If my mutual fund won’t give
me 25% growth, sell it.” Nokia reduced its sales forecast to rise between
5% and 10%. It had earlier predicted 15% growth for 2002. That
type of realistic, single digit growth is our Blue Chip benchmark. Low
expectations lead to rallies. I enjoy positive surprises more than earnings
disappointments. However, NOK at 16 is not cheap and is expensive
Global Stock markets in 2002/3
will be determined largely by answering two
Q1: Will Investors re-evaluate P/E lower to traditional
levels or higher towards " new economy" levels?
Q2: Who will
be helped/hurt the most by the lower US dollar?
we expect interest rates to increase to 3% due to growth,
a lower US dollar and inflationary worries. One lurking
potential danger is that it may become necessary for the
FED to defend the US dollar and that will NOT
be the cause for a major US stock market rally past DJIA 12,000.
"Buy and Hold" is passe. Stock picking and Market timing will
rule in 2002/2003. Successful investing will depend on knowing:
When all the good news has already been factored into the share
price, at what price is the valuation just too high?
When all the bad news has already been factored into the share
price, at what price is the valuation too cheap?
Capital Preservation will no longer be as
important for global investors as investor's
fear fade away. It will instead go back to the future
or time for growth. Leadership will now pass from Value to Growth.
However, we advise caution and recommend an investment
strategy paradigm of BUY and HOLD Growth stocks with at
least reasonable valuation based on current and future
profits. Remember, international money flows will
no longer exclusively favor the US, with Asia and Europe
garnering more future global interest.
HOW HIGH IS UP?
LOW IS LOW?
2002 TRADING RANGES
8,800 to 11,660
VALUE WITH GROWTH
While we expect some to hope for a
return to the "good ole days", we still find P/E's of 100+,
e.g. Intel (INTC) unwaranted.for most stocks.
Our advice is the same as for 2001:
more (25% of portfolio) and take/protect
profits at 15%-25% profit points for non-core long
INVESTORS SHOULD BUY AND HOLD STOCKS SUMMER/FALL
2002 THAT ARE:
1) Profitable companies,
2) P/E under
22 for Growth and less than 16 for Value,
3) Undervalued by 10% or
I GLOBAL INVESTING
INDIA & JAPAN
ASIA & EUROPE
THE UNITED STATES
The Horoscope is a MAP of TIME and PLACE - here is a brief overview of
selected global markets:
EUROPE - Relative strength
gains in Euroland
due to increased value of the Euro into 2003
Blue Chips [EWG] market perform.
- HOLLAND - will
benefit from the Euro rally. However, we suggest selling
into strength as better global opportunities arise.
- ENGLAND - Our
view of the CITY continues to improve in 2002 and
- FRANCE- With Jupiter going
into Leo, Viva la France!
- GREECE- The
ATG is a long term watch/accumulation ahead of the
- ITALY - Slight out perform. Watch for the Prada IPO this
- SPAIN - Short term trading opportunities as Argentina crisis
- EU EXPANSION
countries, the Czech Republic, Poland, Hungary,
Cyprus, Slovenia and Estonia remain on Watch.
WSNW subscribers should review our favorite
S: Dow Jones Stoxx
AMERICA - Traders
- Long term
investment opportunities in Japan and India
- Invest here for increasing prosperity
in 2002 and 2003! The Canadian Dollar is still
a bargain and will outperform the US Dollar
by another 3% into 2003. Quality midcaps remain obvious US
- MEXICO -
While certain international stocks e.g. CX, have
performed exceptionally well and continue
to benefit from NAFTA, we prefer to wait until April's
weaking of the"super Peso" becomes a secular trend. Unless a stock
is likely to be a takeover target like Banacci
was by Citibank, YANQUIS STAY HOME!
- UNITED STATES
- Slightly overvalued versus global counterparts.
We will buy select undervalued and fallen angels midyear
as trading buys. However, we think many former investor
favorites will disappoint. US Bonds will be far
less attractive as the year goes on. The US Dollar remains
a ticking time bomb: It is no longer as safe a haven with
new competition forthcoming from the EURO in 2002
and perhaps even gold. However, since one can trade
stocks here for 10-25% appreciation/depreciation a
day/week, this remains TRADERS HEAVEN.
- JAPAN - We were delighted
when our five year wait for Japan to break 12,222 was
over last year. We were then surprised to see it break 10,000!
Nikkei is now a long term buy to 16,000 using
the 2003-5 time horizon. We see value in buying Japan whenever
the Yen is weaker than 131 [Fair value ~126 just above Japanese
BOJ 125 worry zone]. We still prefer exporters that will benefit from
cheap Yen, e.g. Sony (SNE), Matsushita (MC) and Honda
(HMC) are our three favorites. Energy efficiency along with
the cheap Yen will keep Honda (HMC) and Toyota (TM) strong global
leaders with strong profits. JAPAN INC [EWJ] is one of our
favorite 2003 countries, especially if the Yen weakens again to130
and more. Our mantra on JAPAN INC. is "You have Japanese
products in your home; why don't you have Japanese
stocks in your portfolio?"
- HONG KONG/CHINA - 2008 Olympics notwithstanding,
the fact is that many of the mainland's industries
are a mess and its stock market is overloaded with poor quality state
owned companies. "Officially" China's economy continues to
grow at more than 7%. Be that as it may, we continue
to recommend caution. China's national pension fund is unwilling
to invest in the local stock market at this time and so am I except for
a few special situation stocks. Like other Asian economies,
Hong Kong is unlikely to be buoyed by surging US exports.
Still, it is worth considering if it retreats under 10,000
again. Despite a far better economy, we also remain
reluctant to invest in Taiwanese markets unless compensated
for potential "war like" conditions in the future.
We have liked blue chip giants Korea Telecomm (KT) and
Samsung Electronics (SSNGF). A MAJOR peace dividend
is expected in late 2002/2003. Like Taiwan, this
is a largely a bet on US technology sector.
- The most money is still to be made by insiders
as recent corruption scandals attest. However, for
long term investors we are now recommending computer, telecom
and pharmecuticals bargains. IIF or IFN are two closed end India
funds, and the best way for US investors to invest (not trade) in
India. This is for long term investors into 2004.
- We remain mildly bullish for 2002/3, especially resource
stocks like BHP.
ZEALAND- Unless you wish to retire in this lovely
country, continue to slowly distribute NZ 40
2200 OB if you are there in size.
for savvy investors ONLY
- Israel's technology sector is desirable
given its highly skilled labor force and favorable
tax treatment. However,until recently it has been overvalued
and bargains are hard to find. Unfortunately,
it is best to buy only when there is blood in the streets,
which is now all too often. Buy export quality with
the TA 100 Index under 400. Mid 2003 on, this market could enjoy
a major peace dividend rally.
- RUSSIA - It
is now time given the possibility
of rule of law for some of the better high risk/high
reward opportunities here. Traditionally,
this was primarily a bet on the energy sector, e.g SGTZY and
TNK. Now high risk investors can buy further afield.
- BRAZIL - With crisis, comes
opportunity, especially for quality exporters,
thanks to the cheap Reais currency. As with
most of South America, accumulate on weakness only
for appropriate multi-year long term investment
A 2002 short term trading opportunity for smart money
and longer term for multi-national corporate investments.
to recommend caution for most emerging markets
unless you monitor them very closely.
in 2003, the global investing landscape may be
WSNW subscribers should periodically review
S: AFUND GLOBAL 12
our favorite global blue chip long term investments.
Traders believe "Making money in the
market is all about Timing". The "Buy And
Hold" climate we've had in the US stock
market is long PAST HISTORY. Since 2000 it is now
a "Market Timing" and “Stock Picking” environment.
Markets reward best stocks that have Value AND Growth.
However, market strategies will need to change as we look forward
to the last Saturn opposition to Pluto in May 2002 and June Solar
Eclipse, to be replaced by a series of Jupiter-Neptune oppositions
starting September 11 2002. Short term corporate profits disappointed
on the short side due to ruthless competition for much of the
first half of 2002 Now corporate profits for well managed
and sufficiently capitalized companies may rise dramatically!
Despite the fact that we do live in interesting times, short term
we repeat last year's mantra:
GROWTH IS BEST and Trade
for short term profit 15-25% moves.
While "boring is good" or "dependable value" will shortly no longer outperform,
we still see Old-line technology companies such
as Boeing (BA) IBM, Rockwell
(ROK), Hitachi (HIT) and United
Technologies (UTX) as safe havens, and generally
to outperform in Q3 and Q4 2002.
We will be finishing
the final pass of Saturn opposite Pluto that began
August 5, 2001 on May 26, 2002 and the June 10 Solar Eclipse.
- For bankruptcy
attorneys and mortgage refinancing lenders the best
times are ending. Look to companies that will benefit from an
improving economy in Q3 2002, rather than the current tough
- OPEC withheld
supply due to Oil "glut" from reduced demand as
we forecast. But this will change midyear as security
and defense move off center stage. Halleluiah!
The current Zeitgeist is MIXED and CHOPPY. This means
stock and sector rotation will count more than stock market timing!
We see an intermediate term bottom in place before June 20, 2002.
We WILL have a slow economic recovery into 2003. However,
public enthusiasm to spend, spend, spend will be subdued
until job uncertainty is removed.
- Our GDP forecasts for H2 2002 are 2% growing to
3% in H1 2003.
Our Advice is step in buying this week and next month. We
will be fully invested by the end of June.
new paradigm will be the three passes
of Jupiter opposing Neptune beginning September 11,
2002 and ending June3, 2003. On 9/11/2002, we have
predicted a major (200 point?) rally to celebrate the strength
of the US resolve in the global war on terror.
is likely to both outperform AND underperform
the DJIA depending on which months
you are looking, i.e. more Traders Heaven.
will be a pivotal month marking the beginning
of the next market cycle.
Jupiter will oppose Neptune beginning
September 11, 2002 and ending
June 3, 2003. Obviously this will be
good news for both the biotechs and drug industry
as well as for gaming stocks. Also look
to travel (cruises), natural gas, wind power,
leisure, media and entertainment sectors to outperform.
going into Leo August 1 will also cosmically assist
the entertainment industry. Expect solar energy and fuel
cells to begin to get more respect as they are targeted for
mainstream America in 2004. It is an open question whether
it will be American companies or foreign companies like BP,
Kyocera and Sharp that benefit most. President Bush: are
We note both the total Lunar Eclipses in 2002 of May 16
and November 9 as well as the Solar Eclipse of November
23, 2003 as also pivotal to certain countries economies.
The importance of the
December 4th Solar Eclipse will be discussed in
our 2003 Market Forecast..
Bush Progressed Mars into 2003 prominent,
expansion on the war on terror.
ADVICE: TAKE/PROTECT PROFITS OVER THE SUMMER AND SELL INTO THE
OCTOBER 2002 RALLY.
LEARN THE MARKET LESSONS OF 2000, BECAUSE THEY WILL REPEAT
This is followed by one pass of Jupiter/Uranus in August of
2003, by which time electronic
companies e.g. MC, SNE, Samsung and PHG will
be in heaven thanks to increased home theatre sales, flat panel TVs
and eventually HDTV. Also around this time,
interactive TV and Video on demand will begin to develop
more widely, obviously helping AOL and MSFT, as well as others
(tba). However, we will also see in 2003 Saturn activating
the US Sun.
December 2007: Jupiter will be conjunct Pluto. The low point
of the nodal cycle is reached in 2008. This will be followed
by Jupiter conjunct Neptune in 2009 and the
next epic shifting planetary configurations in 2010/2011 of Jupiter
conjunct Uranus AND Jupiter opposition Saturn!
time, sector based investing is replacing country
based approaches to global investing.
three favorite post millennium themes
remain: Hydrogen/Solar, Robotics, and Wind/Water
The old themes of Technology, Communications
and Health Care will still
Coverage for 2002 Relative Sector Weighting updates.
subscribers: please note we update our 7 favorite 2002
industry sectors on our premium Silver posting area:
S: HEALTH CARE
Additionally, 2002/3 favorites sectors
- Entertainment and Media
Exploration, Gas and Successor Energy
- Water and Wine
- Leisure & Travel
- Things that go boom will no longer boom with as
much bang. Over the next 30-60 days sell or reduce defense holdings.
Exceptions should be made for our three favorite aerospace
companies: Boeing (BA), Bombadier (BBD.A-TO) and United
Technology (UTX) as well as Choicepoint [CPS], which is also an information/communication/insurance/
- If Bush
is "the education" president, this sector will continue
to out perform. We are hopeful. Unfortunately this sector remains
overvalued. Our two favorite picks would be Apollo (APOL) and ITT
Educational Services (ESI) upon weakness.
- Jupiter entering
Leo August 1, 2002 should help the entertainment sector.
Obviously, this includes a large variety of stocks.
Electronic Games such as Activision (ATVI),
Acclaim Entertainment (AKLM), Electronic Arts (ERTS), THQ (THQI)
and AFUND client Tremor Entertainment (TROR) is one way. The big four
electronics companies, PHG, MC Samsung, Sony are another.
Select Media stocks, e.g. Disney (DIS) and Yahoo (YHOO) are yet
- Select Diversified
Energy companies, such as BP and Norsk Hydro (NHY), are
good long term bets. Solar Astropower (APWR) will offer more
than 30% growth annually. Similarly, Japanese companies
such as Sharp (SHKAY) and Kyocera (KYO) are partial plays of
the solar sector. Fuel Cell companies should be watched
even though they will not be profitable ventures until 2004/5 at the
very earliest. We also continue to look for opportunities
to trading: buy older energy technology companies after big
dips, such as Sun, VLO, Parker Drilling (PKD), Pan Canadian Energy
(PCX), Sucor (SU), BP, MIR, and RD. Among gas producers:
Anadarko Petroleum (APC) , Devon Energy (DVN) , Burlington Resources
(BR), Hanover (HC) and EnCana (ECA). Apache (APA) is one play on
both Oil and Gas.
- While banks, finance and insurance companies
will suffer from extensive personal and corporate loan
defaulting, some with well managed risk portfolios
will outperform due to plentiful cheap money. Insurance
companies are likely to out perform banking and stock market
stocks. The post 911 reality of higher premiums plus increasing
demand = higher profits. What to buy? Depending
on When you buy, it would be the cheapest of our following favorite companies:
Citibank (C), American Express (AXP), AFLC (AFL), AETNA (AET),
Metlife (Met) and North Fork (NFB).
- We increasingly
find GOLD attractive. Our forecasts are $325 in 2002 and $350 by
2003. It is also a good patriotric US dollar hedge. We
recommend PDG short term and ABX or NEM longer term for
core holds in conservative portfolios.
- Our favorite drug stocks is Pfeizer (PFE). The
best biotechs to buy are those with revenue generating products
increasingly close to launch. The easiest way to play this sector
is to buy a basket of 20 with the Merrill Lynch Biotech HOLDRS (BBH).
We recommend buying 94-100 and have an intermediate term target above the
52 week highs of 144!
- The number three and fastest growing beverage is Water.
Some industry analysts predict bottled water will overtake cola in
the next two years. North American bottled water grew 30% last year
and is projected to grow 20% annually for the next five years. Big
Euro food groups, Dannone [DA 12%] and Nestle [NSRGY
37%], own the largest brands and remain conservatively
profitable. Pepsi (Aquafina 13%) and Coco-Cola (Dasani 12%) are also
large players. However niche players like Vermont Pure (VPS)
and microcap ICBG are also worth watching and drinking for the other
25% market share. German RWE and French SUEZ and VE for serious water
works. American Stat Water (AWR) is a good domestic alternative in conservative
portfolios. VCO, MOND and FOSTERS (FBRWY) are potential "Peter Lynch"
beverage choices for heavier drinking investors.
- WSNW subscribers please view
my Moon in Libra, my Stock Selection
bourse/sector, individual stock
UP : strong astrological and/or
I like to begin with one or more of the following 3 criteria:
A: CASH RICH, not stock rich (Survival
C: GOOD HOROSCOPE or in upcoming COSMIC
1) Jupiter in Leo
2) Jupiter Opposite Neptune (2002/3)
Please note our current favorite trading strategy has been buying pre
and post news pops due to companies slightly outperforming repeated earnings
downgrades. This Spring/Summer our favorite strategy will be buying quality
undervalued stocks that have just fallen out of bed, e.g. DYN, HAL, TYC,
V on bad news/sector association-our old fallen angel strategy- recycled
for short term positional trading..
BUYING FOR THE LONG TERM (May/JUNE 2002 on)
2/3 or 3/3 mixture of
first choice are cash rich global blue chips. These
are companies that can prosper by gaining market
share and buying "cheap" assets during an economic
slowdown over small and midcaps. These are
companies that tough out the near term and become far stronger
in the long term. Our game plan is to invest conservatively,
but due to recent high market volatility and increasingly
compressed market cycles, we now advise trading all
accounts more actively- an average of 25% of
portfolio holdings. Intermediate and longer term European
(and Asian) stocks will NO longer rise and fall fully in sync
with US markets! This will happen more when the US dollar
is generally recognized to be in a secular decline.
BUYING CASH RICH LEADERS
FAVORED STOCKS AND SECTORS
Six selected Investing themes follow.
For more and updates,
may visit our AFUND
1. Expect a further drop
in US dollar of 2-6%, select Country I-Shares or Webs) or Foreign
Blue Chip companies:
2. We always prefer undervalued stocks,
especially if coupled with a yield greater than
the classic value buy signal of 5%, such as Utilities
like ConEd (ED), Scottish Power (SPI), Host Marriot
(HMR) or the best named
WRI (Weingarten Reality!).We also recommend
stocks that are at least 20% undervalued, which have an added bonus
of being potential M&A acquistion candidates.
Currently our favorite out of favor stocks are Biotechs (intermediate
term) and Telecom (long term). Recently, we played the travel industry,
oil and energy sectors for this investing theme.
- Netherlands (EWN)
: Euro strength Unilever (UL), Philips (PHG), Royal
Dutch (RD), Aegon (AEG) and Ahold (AHO).
- Japan (EWJ): Yen weakness - Hitachi (HIT),
Matsushita (MC), Sanyo (SANYY) Sony (SNE) and Honda
- Canada (EWC): $CD strength - Inco (N), Placer
Dome (PDG), Sucor (SU), Celestica (CLS), and Sun
- France (EWQ): AXA,
Dannon (DA), STMicroelectronics (STM) and Videndi (V)
- United Kingdom [EWU] : BP Amoco (BP),
Cable and Wireless (CWP), Elan (ELN), GlaxoSmithKline
(GSK), Pearson (PRSNY) and Vodafone [VOD].
FAVORITE 2001 stock, i.e.hold/buy on an intermediate-long
term on a relative basis was IBM. We bought and sold
it twice in 2001 and once in 2002. It will be so again in 2003,
so we bought it again this Spring for the longer terms. We expect
continued modest consolidation and performance of Dow
Stocks and Diamond Index (DIA) for most of 2002. Once again,
most Blue Chip stocks will still have to be traded,
not "buy and held" for much better than single digit returns
in 2002. We would look to buy on weakness Dupont (DD), International
Paper (IP) as well as American Express (AXP), Boeing (BA), Citigroup
(C), General Electric (GE) and United Technology (UTX) over the next
MEDIA AND ELECTRONICS:
PREPARE TO PROSPER
(MSFT), while a cash machine, is
both over valued and poorly managed. Negatives include
the lack of exciting new products. We advise selling
on strong rallies.
Disney will benefit from Jupiter
in Leo. It is a trading buy under 22.
- Johnson and Johnson continues to be rated an
outperform.However, unlike GE, it has yet to retreat
to a semblance of cosmic value.Until then, we continue
to admire it from afar.
are our two favorite sectors to buy and hold into 2003.
Electronics choices are: SONY [SNE], SAMSUNG,
PHILIPS [PHG] and Matsushita or Panasonic [MC]
Media brands to accumulate on weakness are: AOL, Disney
(DIS), NY Times (NYT) Yahoo (YHOO) and Vivendi (V). All
have strong potential growth in Q3 2002 on with increasing
advertising revenues. Two other tradeable picks in this sector
to watch are Clear Channel Communications (CCU) and FOX.
5. FUTURE TECHNOLOGIES
before we became one of the first apple
dealers in NYC, we historically have
liked betting on emerging technologies.
This we recommend doing in a basket of stocks,
and not paying too much of a premium over value
for longer term holding in contrast to new related
trading. WSNW subscribers can surf our
three favorites sectors are:
APPLIED ROBOTICS: e.g. Int. Hi-Tech
Industries (IHITF)* and ?
BIOTECHNOLOGY: e.g. BBH, IBB or Amgen (AMGN), Given
GIVN, Genta (GNTA) and Imclone (IMCL). The small micro cap and even
more speculative choices we watch include Celsion (CLN), CALY, ENVG
ENERGY: e.g. Astropower (APWR) Nuvera (IPO:
NVRA) and ?
*6. AFUND CLIENTS
Business Astrologers know that the
best way to predict the future is to
and with an obviously biased view, I
am doing my best to help create investor
wealth for client companies we now consult for
International High Tech Industries
[IHITF] , Mountain
(MPVI) and Tremor
2, 1988 I have established a superior
primarily due to my knowledge
of financial astrology. While not perfect
as some critics would demand, my precision
and accuracy is appreciated by many professional
traders and investors. As more
of our forecasting is now private and contracted
to money managers and institutional investors, it
is my intention to have other financial astrologers
and money managers contribute more on myweb site
in the future.
Latest sample performance
(c) 2000, 2001, 2002. Please read
Fund. No part of this report may
be reproduced or distributed in any
form or by any means, except for brief passages
quoted for review without the prior written
permission of the publisher.
CHECK WITH YOUR LICENSED FINANCIAL
PLANNER OR BROKER BEFORE BUYING OR SELLING
ON THE RECOMMENDATIONS OF THE ASTROLOGERS
PAST RESULTS ARE NOT NECESSARILY
INDICATIVE OF FUTURE FORECASTING
ACCURACY OR PROFITABLE TRADING RESULTS.
Fund Accepts No Liability Whatsoever
For Any Loss Arising from Any
Use Of Its Report Or It's Contents. The Astrologers
Fund Or Its Clients Usually Holds
Positions In The Stocks and/or Market
Instruments Mentioned And May Buy Or Sell At Any
Time Without Notice. This Information Is
In No Way A Representation To Buy Or Sell Securities,
Bonds, Options Or Futures .