WALL STREET, NEXT WEEK
Financial Astrology for successful investors and traders"   
 
Subscription rates investing edition are $360/annual; $125/Quarterly.
Subscription rates trading edition are $1500/annual; $555 Quarterly.
Subscription rates money managers edition are $10000/annual; $3000 Quarterly;
Institutional rates are $3000 per month; $25,000 annual.
Stop reading Wall Street, Next Week, last week: YES, I WANT  TO SUBSCRIBE  

WALL STREET, NEXT WEEK: SEPTEMBER 6, 2004
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

1. SEPTEMBER MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

1. BIFOCAL MARKETS: THE CUP IS HALF EMPTY/ FULL
Spin it as they may, the economy is not only slower than many Wall Streeters believe, but it will get slightly worse before it gets markedly better. The only real question is WHETHER INVESTORS REALIZE THIS BEFORE OR AFTER NOVEMBER 2! Then again, markets love to climb a Wall of Worry. Consumer confidence continues to decline mostly due to employment concerns and higher energy prices. And if your children were spending more and earning less, wouldn’t you be worried?

Our bottom line: Short term distribute Nasdaq, maintain high cash levels and re-accumulate gold upon weakness.

HYDE PARK SOAPBOX: PAX AMERICANA FOREVER OR JUST UNTIL 2005/2006?
High foreign ownership of U.S. debt is "a healthy situation" and the dollar will remain the world's preferred reserve currency, according to Treasury Secretary John Snow. "Other countries buy our debt because America has the deepest, most liquid debt markets in the world," he said. "They do it, frankly, not because they love us but because they get a good return on it."  Then why is a lot of smart money still accumulating US Companies that would benefit from a weak dollar?  Asked about the likelihood the euro would displace the dollar as the world's preferred reserve currency, Snow said "I have no great concern about that." Yet many global bankers have a 2005 Euro target above 125.
I report; You decide.

SATURDAY is the third anniversary of 911; Reading our original 911 post may be appropriate.

TRADERS: Nasdaq top for next two weeks is in: Trend follow drops and sell any rallies.
INVESTORS: Be ready for a probable end of September rally.

KEYDATES:         September 7, 9
DJIA:                    10,000 Floor, 10350 Resistance
NASDAQ:             PIVOT 1850
Australian$:            TRADING BUY
US$:                      SELL ON STRENGTH

SIDEWAYS Market Marker Sentiment: Initial Worry, then Rally, ending Flat.
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
12/31/2003 EOD:    DJIA 10453   NASDAQ 2003 SPX 1111.
FAIR VALUE:        DJIA  <9600, NASDAQ  <1750, GOLD > 408
DIJA:            2@ FV 0 UV; Only 3 offer 4%+ Dividends.
While the internal Stock Market astrology, as in 2003, is mixed, the external risk potential is very high.

2. “Dividend rich Dow Bells SBC Communications (SBC) and Verizon (VZ) have outperformed as we forecast.  Yet overall, we don’t expect great profit growth in H2 2004 for most of the Telecom sector, just increasing competition. Even Blue chips like Cisco (CSCO) and Nokia (NOK) are likely to continue to under perform intermediate term optimistic sales projections. M&A action is likely to be the major stock price driver. The new hot key application is Voice over IP (VOIP).  Accordingly, we are watching with interest three small/microcaps: UAMC, VOIP and YAKC.”
Wall Street subscribers can read more at our latest update of S: AFUND 12 TELECOM Stocks.
Before October 5 we will be updating most premium silver posts.

3. Suicides in Japan surged 7.1% to an all-time high last year of 34,427 - the highest number on record, due to debts, slow business, unemployment and other financial woes. "It's severe," Prime Minister Junichiro Koizumi said. "We will continue to make efforts to improve our economic situation." Rival South Korea suicides driven by economic hardship also climbed to the highest level since the 1997 Asian financial crisis. Driven by debt, lost love, terminal disease and other miseries of life, 13,005 South Koreans killed themselves last year, compared with 12,458 in 1998.  What does this mean to overseas investors? First, I see no rush to buy these Asian markets just yet; It may be wiser to wait until Q4 2004 lows to buy into either the Nikkei 225 or KOSPI. Second, it may pay to watch Japanese pharmaceutical companies such as Eisai (ESALY).

4. “We've seen the best of technology earnings across the board. At points like this you avoid technology, they're neither value nor growth stocks.''
Stephen Docherty, team member, Aberdeen Asset Management
HW: That is if you are a rational investor.

"The market's focus is going to the implications of what the tech and retail numbers mean."
Tony Dwyer, equity market strategist, FTN Midwest Research
HW: It means the economy is [far] slower than many believe.

"Ironically, if the Fed were not to tighten in September, it would be damaging to Bush and beneficial to Kerry."
William Dudley, chief economist, Goldman, Sachs
HW: Heaven forbid!

5. Get ready for the fall season
“To the economy, energy, interest rates, the elections and terrorism, add one more uncertainty for investors to ponder these days: September.”

Fundamentally: Don't Run From That Portfolio. Tweak It.
“as interest rates begin to rise, stocks with high price-to-earnings ratios are likely to be hit hardest. So he is underweighting the technology sector, which has the highest average P/E ratio in the S. & P. 500: 40.1, based on 2003 operating earnings.”

Federated's Lehman Shuns U.S. Stocks as His Fund Beats S&P 500
Steven Lehman is avoiding the U.S. stock market in his $1.7 billion Federated Market Opportunity Fund because he says equity prices may be lower 10 years from now.
 
6. READER: What could tank the market ahead of the November elections?
HW: At least four possible events could alter current economic fantasies:
1) Terrorism
2) US Dollar drop
3) October Earnings disappointments
4) China hard landing

READER: I tend to agree 100 % with Ned Schmidt, Editor Value View Gold Report that US Equity Markets are in for a LONG BEAR PHASE. This may last till the end of 2005 or early 2006. I strongly feel that from Dec'04 / Jan'05 to Mar'05 the US Equity Markets will be in a BAD BEAR PHASE. Do you also endorse this view, Henry?
HW: I believe this will be true for the economy, but may or not be true for the stock market. I do believe that $450 gold is a distinct possibility for Q4 2004 and unfortunately, 500 is possible for 2005/2006, especially if Bush is re-elected.
*********************************************************************************************************

S: in front of a web link indicates access is restricted to WSNW subscribers.
Subscribers please send your comments, questions and suggestions to Letters .
Silver Investing subscriptions $360 one year; new subscribers 3 month $125.
Gold trading subscriptions $1500 one year; $555 Quarterly.
Platinum edition for money managers $10000 per year; $3000 quarterly.
Institutional rate is $3000 per month; $25,000 annual.

"Can you afford NOT to have financial astrology in YOUR future?"
Stop reading Wall Street, Next Week, last week:  YES, I WANT TO SUBSCRIBE
*********************************************************************************************

PAST WALL STREET NEXT WEEK REPORTS
              FRIDAY 11 am listen to our Internet radio program TRADING BY THE  STARS.
(c) 2004 All rights  reserved.  The Astrologers Fund  "Always a Stellar Performance"
wsnw@Afund.com 212/949-7211 Fax 212/949-7274 370 Lexington Avenue, Suite 416 New York, N.Y. 10017-6503
Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 13-15, 2005 Eleventh Astrology & Stock MarketConference   NYC
DISCLAIMER : PAST RESULTS ARE NOT NECESSARILY INDICATIVE  OF  FUTURE FORECASTING ACCURACY OR PROFITABLE  TRADING  RESULTS.
 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.
ALWAYS CHECK WITH YOUR LICENSED  FINANCIAL PLANNER OR  BROKER  BEFORE BUYING OR SELLING ON THE RECOMMENDATIONS  OF  THE ASTROLOGERS FUND  Inc.
IHI has been an AFUND client since 1994 and is currently paying monthly $2,500 consulting fees and $500 for banner ads on our website. May 15, 2002, an affiliated company, Susan Hahn & Associates became IHI’s media representative with a monthly fee of $1500.
April 1, 2004, Karma Media (KRMA) became an AFUND client and paid $2500 in April and May. Contract expected to resume by the Fall..
May 17 2004 Health Sciences Group (HESG) became an AFUND client and is paying $5000 bimonthly in free trading stock for six months as a consulting fee.
Please read our Disclaimer for more information and note that my clients and I are shareholders and may act in the open market.
          
RETURN TO MAIN MENU