1. SPRING MARKETS
2. BUY, SELL AND HOLD
3. POST BUSINESS
4. QUOTES
5. INDIA
6. LETTERS
ROCK AND ROLL and FINANCIAL ASTROLOGY 101
Are we having fun yet? Despite the huge increase in US producer
prices, where the price of gasoline and home heating oil pushed wholesale
prices up by 1 percent in February, the biggest one-month surge in nearly
a decade, the stock market exploded skyward. Thursday was an exact
Jupiter (UP) square Neptune (without reason) i.e. Irrational Exuberance.
Analysts noted that once energy, food and tobacco costs were stripped from
the equation, prices at the wholesale level were flat. Since computers
and telecommunications were down, this must be "virtual disinflation".
As we correctly forecast, Japan's economy is in recession, having contracted for a second quarter in October to December 1999. Why the Japanese market rallied last year is yet another sign world markets are NO longer forecasting economic fundamentals, but are increasingly self-referential delusions.
Last Tuesday hundreds of angry investors chanted, "We want our money back" outside the Athens Stock Exchange. How long before this repeats in Hong Kong, Karachi or your stock exchange?
Carefully watch next Friday, even more so than Wednesday [Alan raising
interest rates again] for the first market clues of the pre-May [April]
shown down market. Has the fat lady sung ALL the high notes for the
Russell 2000 as well as the DJIA and Nasdaq? What about the SP500?
If you are playing for the last 1/8, this may be of great concern.
If you wish to be a prudent bear, take a vacation in April and return
for the May fireworks.
KEY DATES:
March 22, 24
US BONDS:
SELL
WORLD MARKETS: Down
NEXT NEWSLETTER WILL BE APRIL 1.
2. Warren Buffet has underperformed the markets. I believe the reason is his not practicing all the Graham and Dodd lessons on value investing. They are not only to buy value, but to sell when a stock is far overvalued. The number one problem of most investors is that while they may know how to buy stocks, they do not know how and when to sell them.
Trading halts on my Canadian underdog, aka fallen angel Laidaw LDW,
provided yet another buying opportunity for us. Markets will be exaggerating
on the down side as much as it has on the upside. However, these
are very dangerous times and more than internut stocks will be destroyed
between now and 2002. Patience is recommended, as well as having enough
cash to buy extraordinary opportunities. Remember the Chinese pictogram
for crisis is two fold: danger AND opportunity.
We foresee market crises dead ahead. Our advice: Be PREPARED, Be CAUTIOUS
and Be LIQUID.
The trading ezine Savage Trader posts Astrologers Fund material. Need I say more as to their excellent editorial taste?
3. WASHINGTON IS
CHEATING RETIREES By JOHN CRUDELE
Are you getting more satisfaction from your VCR this year than you
did in 1999?
NINE
RULES FOR PICKING GROWTH STOCKS By DAVID LEIBOWITZ
EVERYONE has an ideal stock. Mine must meet the following nine criteria,
which when taken together, are pretty successful....
HW: Add Astrology as the 10th criteria kicker and outperform even more.
4. "There will be a Soaring Stock Market early March and Huge Correction
at the end of that month."
Rebecca Nolan, editor Financial
Astrology newsletter
HW: That should be another good call this year and you can talk about
it at our May18 Seminar.
"No one knows when these high-tech issues are going to hit the floor
and rebound. Investors are thinking it's wiser to shift their money into
cyclicals and wait for the market to come to a consensus on valuations
for these Internet and high-tech issues.''
Hitoshi Ichio, strategist Commerz Securities in Tokyo
''The market looks set to test the downside."'
Hiroichi Nishi, equities manager, Nikko Securities.
"Timing Low - March 23rd|27th, 2000:This should prove to be a stock
market 'prove it or lose it' Time & Price period"
http://www.prophetime.net/Timer
5. Your comments well noted. I know markets are in turmoil. INDIA,
TAIWAN and THAILAND are now most promising markets as per CNBC's Asia report
of 3/14/2000. Also I have categorically mentioned in my E Mail, that investors
should look for a ' Higher Bottoms ' on the daily charts and then buy into
recommended stocks. It may be possible that the BSE SENSEX crashes to a
4850 level. This possibility is unlikely. I maintain that around 5100 BSE
SENSEX levels, investors can make an entry partially. If the SENSEX closes
for two consecutive days below 5000 levels, then there will be panic on
Indian Bourses. I feel this will not happen. Market fell from 6150 levels
to 5100 (Drop of approx 18%) in a matter of nine weeks. Speculators w/o
stop loss have been rap--d !
HW: Our Indian correspondent has been extremely accurate as of
late. Please note we will be adding more coverage of the world markets
by other analysts and financial astrologers shortly.
5. READER: MAZEL TOV on calling this THE MOST VOLATILE WEEK EVER! If
anyone doubts you have, have them call me!
HW: OK. I will have you interviewed by press at our May
18 NYC Seminar.
READER: If the crash of the century happens as you are predicting, will
you be buying low tech and/or blue chips stocks?
HW: If/when the market corrects, I will happily buy Blue Chips at a
value price e.g. IBM 40, UL at 15 etc. The same goes for Tech stocks,
at a value price, I would love to freshly buy and hold Oracle or Sun.
READER: The market is going UP and down.
HW: My forecast is UP and down and UP and down and down and UP and
down and down and UP and down down down
READER: What is Long Term and Short Term to you?
HW: For some traders, short term is intraday and long term is overnight!
For me, I generally refer to short term as under two weeks, and intermediate
term under 6 months, and long term as either 6 months (trading) or 1-2
years+ (investing).
READER: Does a trial or full subscription to the Gold Trading Service
include WSNW?
HW: Yes, in addition to our Daily Market Commentary and WSNW trading
alerts.
READER: Do you have news on LDW after the recent crash?
HW: Nothing you have not read publicaly. I have continually bought
as it descended 2 5/8, 2 and finally 1 1/8. I foresee 2 and 3 in
relatively short order.
READER: The 144 calendar day cycle top made exactly on March 10, what
would indicate the top is in place and we would actually continue the DECLINE
into May?
HW: Whether the market takes out previous highs or not, we are in the
bottom of the ninth inning.
READER: Last month I sold IHITF, because I felt it was not going anywhere,
but today I realized it went up. Should I rebuy although it's higher?
HW: There is nothing wrong with rebuying a stock higher or lower if
it meets your investment criteria and you believe it will increase in value
in the future. As for my advice as to buying IHI, need your ask? :)
AFUND CLIENT: "Henry, No need to wait for IHI. Returns lately have been
nothing short of spectacular! Enjoy the Bubbly."
HW: New readers may not be aware that I have asked all who have bought
IHITF to send me a bottle of champagne when it reaches $30. To date, we
have been most patient.
READER: Today's run up sounds like the GRAND FINALE. Inflation is being
discounted and all is well with the world -- or so CNBC tells us. It appears
that even some bears are throwing in the towel...always a classic sign
that the bear market is just around the corner. I've heard this described
as the Wile E. Coyote syndrome: he never falls until he looks down and
sees how far he has to fall! All the pundits should be looking down
around May. Meanwhile, I am glad to take a bit more profit on the
current mania.
HW: We agree.
******************************************************************************
Subscribers please send your comments, questions and suggestions to
Letters.
Silver Investing subscriptions $300 one year; $500 two years; new subscribers
3 month $99.
Gold trading subscriptions $1000 one year; $1500 two years; $300 Quarterly.
Platinum edition for money managers $5000 per year; $7500 two years;
$1500 quarterly.
Institutional rate is $2500 per month.
"Can you afford NOT to have financial astrology
in YOUR future?"
Stop reading Wall Street, Next Week, last week: YES,
I WANT TO SUBSCRIBE
************************************************************************************