MARCH 2 EARLY EDITION
1. MARKETS
2. NEW GOLD RUSH
3. QUOTES
4. WEB POSTS
4. HEALTH CARE
6. LETTERS
Bad hair days or a real fashion emergency for the stock market?
Financial talking heads often refer to Bears in the same manner that
some conservatives use to disparage Liberals with the L (Liberal) word.
How the times are a changin! Housing prices in London rose from 13%
in January to 15% in February. Last week, the US had all time highs for
gasoline, and the government still finds NO signs of inflation anywhere.
I wonder if the Bureau of Labor hired the same "intelligence" guys who
couldn't figure out Iraq was about to invade Kuwait! If, rather than
cheap Chinese toys and computers and telecom services and cheap Chinese
made clothing, you price most QUALITY products and services, you know what
Wall Street big wigs and politicos don't:
As in the late 1920's, the Fed has pumped too much money into the system.
If you are sorry you didn't buy oil when it was cheap, look to buy Euro based assets. If you are not Forex player, simply make your next stock purchases in Europe, (preferably at much lower prices after the correction). We will be updating our premium subscriber postings on AFUND DUTCH 12 with our new buy pricing.
Need a good excuse to visit NYC in May? May 18 we are holding our 8th annual Astrology and Stock Market Seminar at the Hotel Intercontinental. Register early and save!
Key Dates: March 6, 9
DJIA: 10,000 Ceiling to be established
Nasdaq: MidMarch Market Shocks
2. The new gold rush and a sign of the times: Vengold (VEN-TSE) will become Itemus Inc., which will focus on accelerating Canadian talent and technology onto the world stage through applied operational expertise and significant investments. Given our recent successes as well as the unique strategic planning expertise that financial and business astrology offers, the Astrologers Fund, Inc. is in the process of setting up a private venture capital division as well.
3. "We have a bearish stance on the American markets. We think worries
about interest rate hikes are going to be persistent here, and at some
point people can't ignore them."
Gene M.Vollendorf, portfolio manager Bissett & Associates.
HW: Why? People just ignore the MASSIVE US deficit.
"That's the way the market is functioning in Hong Kong. Investors
here are like gamblers."
William Lo head netalone.com
HW: Unlike the internut investors in the US who are rational
and efficient.
"The rules aren't really changing. The same kind of divergences
between the high-flyers and the broad market have been seen at market tops
throughout history. "
Paul Desmond Lowry's Reports
4. Quant
View: The Ultimate Market Indicator By Ben Warwick.
The yield curve, with a flawless record of predicting recessions
over 30 years, says trouble is brewing.
5. The Health care industry is one of our six favorite 21st century
themes. Ask anyone who is sick and rich what they would be willing
to pay to be healthy again. Anticipating the Jupiter-Pluto aspects
later this year, Biotech stocks exploded as the hottest Nasdaq sector in
January. While there was a modest correction in February, they still
have value prices only an internut lover could appreciate. The big
question mark in 2000 is the US presidential election and to what extent
health care providers will be made scapegoats. This is especially likely
to hurt drug manufactures in the short term, although not intermediate
term [PACE money usually wins in the intermediate/long term. :)]
WSNW subscribers may find AFUND coverage of the Health care industry
at Health care.
6. READER: You have called it brilliantly so far this year.
HW: Thank you.
READER: You're predicting 90% drop in most Nasdaq stocks but have a
P3 of only 3000 (33% drop). Am I missing something?
HW: 3000 is a trading target, which may or may not be reached or exceeded.
If/when reached, we look around and decide what is next. Besides not ALL
Nasdaq stocks will drop 90%, some will drop only 25%, others 38%, 50% or
just 75% etc.
READER: I have a 401k with Invesco that offers limited options for investing,
money market, bond (not fed), big cap, medium cap and one small cap fund
as well as one global. Would it be worth my while to subscribe to
the newsletter? All I have outside of the 401k is 4020 shares of
IHITF. I can switch funds any time I want back and forth but don't
do it often. Most of it 17K is in the money market fund waiting for
a big slide before I invest in stocks. How much money do I need to
have to "play" with to make the newsletter worthwhile? Please advise.
HW: That depends. One great value of our newsletter, other than
providing a weekly market pulse of sanity, is that we offer suggestions
for individual stock picks in our premium subscriber area. You have
to figure out whether that is worth $300 per year or not.
Personally, I find my own advice priceless! :)
READER: I would appreciate hearing about whether you are taking on new
clients and having clarification about SRI issues.
HW: Have you read our posting at Astrology and SRI? We are opening
our Neptune (Cosmic Environment) as of March 16 (Jupiter square Neptune).
Details will be published on our Money
Management posting area shortly.
READER: The Dow looks pretty sick but you would have to wonder about
the mentality putting funds into the NASDAQ.
HW: I believe mostly ex-Albanian bankers! :)
READER: Subject to a stop below the Feb 22 low, the dollar is rated
a buy, and I would double up positions on a stop at 105.58. If correct,
this analysis may be telling us that the stock market correction is nearing
its end.
HW: The correction has NOT really started. The dollar should
top circa the next .25.-50 point interest rate increase.
READER: 'Timing Low Period' --- March 09th|10th & March 13th|15th:
[Current Commentary: The stock market is anticipated to enter a "bottom
line" or "successful test Low" condition during these 'timing Low periods.'
The 'timing probability studies' do already suggest that a "one-to-three-month"
or longer advance movement will commence from this period. If so, a very
significant price advance would be expected to carry into at least the
last half of April 2000.]
HW: The first half of March is very significant astrologically.
As to the second half of April 2000, the potential you see I see more in
the first half of April 2000 more so.
READER: When I was reading all the literature about AFTI-the comments
repeatedly were that as there were a lot of competitors with a lot more
funds that was going to be the hard part for the company -- do you think
that is a concern?
HW: Once I study their horoscope I will have an opinion. In the
meantime, all I can say is I believe AFTI's financial astrologer is probably
superior! :)
READER: Revising WAMEX upward? How about their split?
HW: Will Wamex double again before and/or after the split? This
is a difficult to answer as two different factors are involved. First Wamex
is an Internet stock play, therefore the sky is the limit if "discovered."
Fundamentally, however, it needs more news to catch up to its recent performance.
I have therefore sold a little, am holding the rest and am ready to add
on good news.
READER: Do you think IHI are gone a fly now? Your new Stock of the month
pick, CELSION (CELN), do you think it is a short term trade and what about
the risk due to this sector?
HW: All picks are short term, intermediate term or long term depending
on what you desire. No guarantees of course. Anyway, we bought.
READER: Why don't you give some blue chips rather than some not familiar
names? What is your opinion now on BA, CAT and KO?
HW: My opinion is that it is much too early to buy blue chips. As we
have written several times, when the DJIA is much lower, we will happily
buy blue chips. Be patient; you may have to wait another month or
two.
Subscribers please send your comments, questions and suggestions to
Letters.
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