WALL STREET, NEXT WEEK

Financial Astrology for successful investors and traders"   
 
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WALL STREET,   NEXT WEEK: August 20, 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER
 
1. MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

DOES YOUR PORTFOLIO HABLA ESPANOL?
Toyota Motor Sales de Mexico will begin operations - sales, services, marketing - in the second
quarter of 2002. It plans to make an appearance at the Auto Show Mexico 2001 in December to whet auto-obsessives' appetites. Sounds like ideal timing for smart global portfolio managers to mirror: Accumulate Mexico, Argentina and Brazilian exposure beginning in December; however, we do not advise earlier foraging trips.

RIPLEY’S BELIEVE IT OR NOT
From a UBS/Paine Webber advertisement:
"We believe the fair value of the S&P 500 at the end of 2002 should be 50% above the index's level today."… "That's what our financial advisors are talking about with their clients right now"
If I were an ambulance-chasing attorney, I would be licking my chops in anticipation.
 
IT’S NOT OVER; IT’S JUST BEGINNING: Saturn-Opposition Pluto ends May 2002!
Despite luxury retailer Tiffany’s (TIF) earnings falling 8% and lower expectations for the next quarter, US Treasury Secretary Paul O’Neill says the US economy is on the threshold of improvement. That is partially true as the public has yet to spend all of its $300-$600 rebate windfalls.  But since the depth of this quarter’s GDP decline is NOT yet built into the market, why should a slight improvement matter to market players?  However, just so we are not accused of not being part of the solution, we are offering an O’Neill special price decrease for two year silver subscriptions or renewals to Wall Street, Next week for only $555, instead of $600.  If you are married and use your tax refund in the mail, you will have $45 more buying power to keep the illusion of economic prosperity going a few weeks longer…

NEXT ISSUE: Will the S & P P/E ratio drop to 22? 20? 15? 10?

KEYDATES:        AUGUST 20, 21
DJIA:           10, 000 Holds?
NASDAQ:        1800, 1850, 1880 or better Friday close?
US BONDS:    Continue distribution
EURO:        Continue long term accumulation
GOLD:        Rebuy on Weakness

2. UPGRADE FROM SELL TO MARKET PERFORM
Nortel (NT) has reached our target of $6.75 [C$ 10.50 target].

UPGRADE FROM SELL TO MARKET UNDER PERFORM
Ford (F)  When 20 or less, we plan to upgrade this further to market perform.

3. Ananova - Restaurant leaves customers in the dark [http://www.ananova.com/business/story/sm_366347.html]
 “A restaurant in Germany is proving a hit by making people eat in the dark. Customers are led to their tables by a blind head waiter and smoking is banned because of the glow given off.
The creator of Cologne's Unsichtbar, which means Invisible, says he wants people to concentrate solely on taste. The restaurant has received positive reviews from critics and is booked up to three weeks in advance during the week. Owner Axel Rudolph said: "In the dark, the tongue should develop such a keen sense that it doesn't need to know what organic vegetables look like, what lamb appears like on the plate - merely how good it tastes."
The dark surroundings have led some couples to become amorous during dinner, reports The Times.”
Could this mean Germany will replace Paris and Rome for the world’s lovers? No, but it could suggest that Germany WILL outperform both France and Italy next year.  We continue to accumulate DT and EWG for some global portfolios, but naturally avoid the Neuer Markt, even more than its rich American cousin Nasdaq.

President George W. Bush has brushed off critics who said his month-long vacation at his ranch in central Texas was too long a break for a sitting president. But, according to a recent Gallup poll, 55 percent of Americans say Bush's break is too much time off, despite the White House's efforts to highlight the mix of work and play. The Washington Post calculated that Bush has spent 42 percent of his presidency on vacation. We think this bodes extremely well for the leisure industry.  Along with key astrological aspects in 2002, we rate this sector an out perform next year.   We think Bush will do for them what Bill did for the Big Mac. Stocks we are watching to accumulate upon much further weakness include: Club Med, RCL and AXP.
 
4. "We are not going to see the bottom while the consumer is still confident. He has to fall out of bed before we hit rock bottom. And knowing that, Greenspan will keep trying to help the market by lowering rates."
Eureffect's Werkheim
HW: Are we there yet?  Alan’s rate cutting days should be over this week.

“All we need is any news that brings to people's minds how weak the economy is and stocks fall. People are realizing that things are not that strong.''
Bob Mancuso, Glenmede
HW: I expect several more future economic reports that are far from stellar.  Guess that means the stock market won’t rally strongly, but slide and slide while climbing its wall of worry.

“The stock market is now losing capital nearly every week. In six out of the past seven weeks, the US equity funds have had net outflows of capital according to Trim Tabs.”
Christopher Cadbury Cadbury Commentary
HW: It just goes to show you can’t fool ALL of the people ALL of the time.

5.  Happy anniversary, Chairman Greenspan [http://cbs.marketwatch.com/news/story.asp?guid=%7B71C6C549%2D453C%2D4558%2D94B3%2D0417BBF20F97%7D&siteid=mktw]
Expect a quarter of a point on Aug. 21, another quarter on Oct. 2. And, for insurance, another quarter on Nov. 6. His message for today? Don't worry; be happy.
Dr. Irwin Kellner, chief economist, CBS.MarketWatch.com
HW: Not our bet, but if I am wrong, then that will be two or three mistakes that history is not likely to judge all that kindly.

6. READER: Re: your “Its not over, it's JUST beginning: Saturn went into opposition with August 5th. This cycle ends May 2002.  What does this mean for the world’s financial markets? Catch us on Fox News with Neil Cavuto 4pm tomorrow August 14th for more”
The fault...is not in our stars, but in ourselves.... But I'll try to catch you on TV.
HW: Who is talking about “fault”? I am talking about timing!

READER: You handled your end of the interview very well yesterday. Enjoyed it. Neil endorsed you twice during the interview for your calls. Can't ask for more than that in this day of often hostile interviews.
HW: Ok, but I may fish for 3 compliments next time! J

READER: Do you mind me asking about the infamous B-day you often refer to. Was Aug 8th that day or is that just one among others that may occur in the future as well (for example next week when Alan will shoot one of his last bullets)?
HW: Yes, it was August 8th; several psychological support barriers were broken that day:  Nasdaq broke through 2000, SPX 1200, DJIA 10500. MOST IMPORTANT: Given the Cisco news the night before - that it forecast 0-5% growth in the following quarter - investors finally realized that there will be no big recovery in 2001, but only perhaps later in 2002!  That indeed signaled a key sentiment shift and was a BEARISH psychological marker for the market. Hence our forecast of B [Bear day]. Follow through will continue shortly.  We are also now preparing for C, D, E, G and I days.

READER: You say Nasdaq 2000 pivot, and your definition of pivot is the "price area to buy or sell around"... so seeing the psychological support for 2000 has been broken are you suggesting that this week the Nasdaq will yo-yo up to and down from 2000, with possibly the key date (possible climax) of Aug 16? I only wondering about your best guess because that's how I'm inclined to read it.....?
HW: It is unlikely the market will climax ahead of Alan on the 21st. 

READER: First of all, I do think that ultimately we will get to 1492. At the same time, I view the 1850 level as a prime area for a market bottom. My own hunch says that we may trade down to 1850 on the NASDAQ in the next few months, but ultimately reach the 1492 level around that 2002 time target.
HW:  I didn’t think before August 21, NASDAQ 1920 would be strongly broken. Now the question is whether 1850, 1800 or 1900 becomes support by next Friday. Should Alan  disappoint, the markets will retest whatever Nasdaq August low is in place. Thereafter, we see September as neutral, but as we get to October, that becomes a horse of a different color.

READER: Any comment? “Federal Reserve Chairman Alan Greenspan will announce his retirement by the end of year…Greenspan, 75, who has savored the limelight for more than a decade, is now said to be anxious to make the move, and hopes to be in the private sector sometime in the first half next year.
HW: I think after this week, an increasing number of people may wish he would have considered it sooner.

READER: Any stem cell companies that you have been watching...
HW: Stemcells (STEM)- we maintain our long term $9.50 price target.

READER: Subject: IHI's* goal of 1% of the world's construction in 10 years
How much (in US dollars) is 1% of the world's construction?
HW: According to Carl-David Andersson, it is approximately 40 Billion Dollars.

READER: I always wondered why you take so many trips to Canada, Henry! :)
HW: Not enough!

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PAST WALL STREET NEXT WEEK REPORTS
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(c)   2001 All rights  reserved.  The Astrologers Fund  "Always a Stellar Performance"
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Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17-19, 2001 Tenth Annual Astrology & Stock MarketConference   NYC                      
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INVESTORS ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY INVESTMENT DECISION. ALWAYS INDEPENDENLY INVESTIGATE AND FULLY UNDERSTAND ALL RISK EFORE MAKING ANY INVESTMENT.
The Astrologers Fund Inc. Accepts No Liability Whatsoever   For Any Loss Arising  From Any Use  Of   Its Report Or It's Contents. The AstrologersFund Inc. Or Its Clients Usually  Holds Positions In The Stocks and/or MarketInstruments Mentioned And May Buy Or Sell At  Any Time Without Notice depending on market conditions and personal  financial conditions.   This InformationIs  In No Way A Representation To Buy Or Sell Securities,  Bonds,  Options Or  Futures. This information  is not intended to be used as the sole basis of  any investment decisions,  nor  should it be construedas advice designed to meet the investment needs of  any particular  investor.
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* IHI is an AFUND client.
** We will be reporting on Cancall (O.CCCA) over the summer.    This   is a company that I received 2 million shares (free) with  10 million    additional   shares optioned at .02. I have also bought in the open market for clients  and myself. Naturally I am MOST eager to see them become VERY   successful.
          
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