1. ASTRODATES
2. NOVEMBER MARKETS
3. STOCK OF THE MONTH
4. QUOTES
5. LETTERS
1. 11/4 Mercury SR
11/5 Key Date
11/7 New Moon 10:53 P
11/14 Saturn Square Uranus
11/22 Sun enters Sagittarius 1:25 P
11/23 Full Moon 2:04 A
11/24 Mercury SD
2) Despite a ROARING End of the Month Close, NOVEMBER 5 IS COMING and
we repeat last week's WARNING: Like the fall of 1929, fortunes will be
lost (and made) over the next few months.
Last year it was Asia, this year it is Y2K. Forget the excuses, the
market is OVER VALUED and Saturn is going to Square Uranus in November.
The majority of stocks are DOWN for the year. Within 7 days, we forecast THE NIGHT OF THE LIVING DEAD Stock Market - POOF and No more bull in 1999. For the market leaders, technology and finance, all the good news is already built in. Next comes Y2K and two interest rate hikes. The question becomes: HOW LOW in 1999? Then, HOW LOW in 2000?
Dow Jones adds Microsoft, Intel, Home Depot and SBC Communications to the Dow Jones Industrial Average effective Monday, November 1. Chevron, Goodyear, Sears and Union Carbide are gone. Why? These 4 "losers" only went up 200% in the last 10 years, while the new winners went up 3000%. Still, that is yesterday's news. Their respective yields are 0%, 0.2, 0.2 and 1.8%. In other words, it will be a long time before they become Dow Dogs. Like Disney at 0.2, they are among the most value-less DJIA stocks.
INTERNATIONAL INVESTORS: BEWARE. Any sharp correction in the Dow Jones Industrial average will cause active profit-taking elsewhere, including Tokyo, Hong Kong, London etc.
KEY DATES: November 1,5
DJIA:
CRASH/CRASHETTE
OIL/GOLD: BUY
3. This month we are ready to buy a REIT. Quoting from our new REIT SECTOR report: "While we expect interest rates to rise slightly in early 2000, high yielding [>7%] yield REIT's we believe are appropriate investments for the upcoming May Jupiter/Saturn conjunction. A good starting point for research is the Reit Analyst."
Our final choice will depend on the price of: SSS, SLG and WRI. While
further interest rate hikes would hurt, I believe less than other stocks.
One logical favorite is WRI. PaineWebber in a recent research report set
a target share price of $40. "Weingarten's strengths are threefold: (1)
consistent conservative balance sheet and operating strategy; (2) one of
the most experienced management teams in the industry; (3) strong regional
supply and demand fundamentals in its primary local markets, especially
Houston and Las Vegas."
And remember: with a name like Weingarten, it has to be good. So says
I, Henry Weingarten.
4. "We are likely to see more of the same -- wide swings in stocks that
disappoint with earnings. The market will continue to be schizophrenic.
A handful of stocks will do well and a great number will do poorly.''
Alan Ackerman, Fahnestock market strategist
HW: I believe investors are schizophrenic, not the market.
"Inflation is a material risk in the outlook that needs to be taken
seriously."
Richmond Fed President Al Broaddus repeats Oct. 21 speech
HW: You can say that again!
"JUST TOO HIGH"
New York Federal Reserve President William McDonough On US Current
Account Deficit
HW: Agreed. Continue to globally diversify out of US based assets.
5. READER: I have been expecting a precipitous fall in the Stock
Market for the last year or two. Having done my own analysis of historical
patterns, trends, and valuations, I came to the same conclusions that you
have via Astrology.
HW: Yes, coming sooner or later.
READER: (1) the market is expected to crash 2000 points in November
(2) You expect gold stocks to go up when the real crisis occurs BUT (3)
you don't expect a further increase in gold stocks after October until
sometime next year. It doesn't appear to be consistent......
HW: Different models are not always consistent. We may or may
not be right about November. Maybe it drops only 500 points, maybe only
1000. Our original 1999 gold target of $325 was met in October; we
then raised it. But perhaps our original forecast was right. Perhaps
it will be exceeded. We will know shortly.
READER: You warned the Dow would be somewhere around 8000 by year end.
What should we look for as far as the S&P 500 is concerned?
HW: The equivalent decline. Certainly below 1200, and eventually
it could drop much further.
READER: How does Stox.com and Dchte compare in risk to IHI? Is Stox.com
less or more risky than Dchte?
HW: Good questions. There are a number of ways to define risk.
One value way is the book value of the company. By this measure,
IHI is clearly the least risky as its stock is trading at less than 2 X
book and owns substantial real assets. Stox.com is an Internet/network
company past the start up stage with strong contracts and hence a future
revenue stream. DCHTE is a start up hydrogen energy company, with its hydrogen
sensor business a future steady source of revenue stream that alone could
easily justify twice its current stock price. If you are worried
about risk, you should not be buying either of these two. If you
like high risk/high reward speculative investments, you should buy BOTH.
READER: SRI company? I also have difficulty in buying a stock that's
killing people, but they know longer hide behind the lie. Its now a persons
choice free of smoking mirror tactics. Could you please let me know if
I pulled the trigger to soon on IBM bought at 91.
HW: DCH Technology is a very SRI-Socially Responsible Investment in
its employment policies and its environmental impact. I agree as
to MO, which is why I didn't buy it myself, but just pointed it out.
Re: IBM: I think almost all tech stocks going down this month, so I
would sell by Monday close, or put a stop in at $94 and then not worry.
READER: I'll bite, with my ruler Neptune being approached within three
degrees by the Moon and Mercury and sharing the seventh house with the
Sun and Venus, Saturn separating by three degrees from Pluto in the sixth,
what can I take from surfing the whisper number that others cannot?
HW: That is not the astrological configurations I referred to, which
may be why you don't surf whisper numbers.
READER: What do you mean when you say Saturn is going to Square Uranus
in November.
HW: We expect a repeat of what happened the last time in July: Technology
stocks (Uranus) Down (Saturn).
READER: What happened with IHI?????
HW: It is taking longer than we expected, but we believe it is coming
along (albeit slow...ly). See our latest IHI
post.
READER: I have read your comments on bonds. Is now as good a time as
any to purchase zeros in my 3 year old's custodial account?
HW: I would wait for the Fed Move or whenever Bonds exceed 6.40%.
READER: You mentioned that Asian markets will be the wave of the 21st
century. Would it be more profitable, when the time comes, to jump
in there rather than back into an S&P index fund?
HW: Most likely, but just preparing our 2000-2002 forecasts now. WSNW
subscribers report forthcoming.
READER: A big congratulations re DCHT.
HW: Thank you, but I believe that this first 100% is JUST the
very beginning of the move.
READER: The market should soon hit upward resistance but well above
your 10K for the end of October. Also the shorts on GE, Yahoo and American
Express have been short term "problems". I am holding my own shorts,
though they have me by the short.... As of this writing,I expect a European
rate hike next week and then fears will raise about the Fed. But this market
will rally on any glimmer. It has yet to panic. It only gets close to 7000K
if there is major panic. What's the panic going to be about?
HW: So far the big boys are successful in guiding the market to their
year end target of 9500. How about a REALITY sighting? That
could do it and might happen if we had less chlorine in the public water
system. :)
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