`Market astrologer` sees possible repeat of 1987 crash - 500 Beiträge pro Seite

[kosto1929]

Star-crossed forecast: Bear slays bull
`Market astrologer` sees possible repeat of 1987 crash
By William Spain, CBS.MarketWatch.com
Last Update: 4:45 PM ET Oct. 10, 2003

CHICAGO (CBS.MW) -- Memo to Taurus: Good luck doesn`t run forever. Try to get out while you can. Don`t make plans for Tuesday.

A tricky planetary set-up -- along with political and economic events and an ongoing slump in the U.S. dollar -- could put an end to the stock market`s recent heavenly performance as early next week, according to one prognosticator who tracks the stars along with stocks.

On Friday, self-proclaimed market astrologer Henry Weingarten warned that Mercury will be at a 90-degree angle to Saturn during a key earnings week. That means investors` recent bullish thinking "will be challenged by realities," including the dollar`s weakness against the euro, a bond auction and a "possible war event," the New York-based forecaster said.

Coupled with a rising full moon that heightens emotions, the Dow Jones Industrial Average could lose 300 or more points by the end of trading Tuesday -- and possibly even a repeat of the crash of October 1987, according to the forecaster.

There "are certain times astrologically when you must act," he said. "If you are aggressive on the long side, you must reverse that between now and Tuesday."

All in the correlation

Weingarten says his specialty is "correlating planetary events with market activity," an approach that has a small following but also plenty of detractors. See his Web site.

In a September 2002 "Stockpickers" feature on CBS MarketWatch, he tagged three equities as near-term outperformers: IBM, Tyco International and penny stock International Hi-Tech Industries.

At the time, IBM (IBM: news, chart, profile) was trading at $73 and change, Tyco (TYC: news, chart, profile) was $15.15 and International Hi-Tech (IHITF: news, chart, profile) was 24 cents.

By Friday`s close, IBM was up 22 cents to $92.67 while Tyco tacked on over 1 percent to $22.05, after touching a 52-week high of $22.05 earlier. International Hi-Tech gained almost 8 percent to 28 cents.

`Out of whack`

"The fundamentals are out of whack," Weingarten continued, notably the price-to-earnings ratios of two companies that reported third-quarter profits this week: Alcoa (AA: news, chart, profile) and Yahoo (YHOO: news, chart, profile). In addition, "there is no job growth, the country is overspending...and we have the same margin levels we had in March of 2000."

While the market risk is greatest until early Wednesday, the longer-term view is hardly encouraging, by Weingarten`s reckoning.

He noted that Saturn will be in Cancer for the next few years. This could hit the strongest remaining pillar of the economy since the Crab is both the birth sign of the country and rules housing.

To back that up, he said that when Saturn was in Gemini -- the astrological sign that rules communications -- "look what happened to the telecoms."

Whenever Mercury is squared with Saturn, which happens several times a year, "it is a yellow-alert day but when it is backed-up by other things happening, it makes it that much more volatile. There have to be both celestial and terrestrial events [at the same time] for a crash."

William Spain is a reporter for CBS.MarketWatch.com in Chicago.

[goodbuy2003]

There " are certain times astrologically when you must act," he said. " If you are aggressive on the long side, you must reverse that between now and Tuesday."

So so, vor Dinstag sollen wir also verkaufen....ich freue mich schon auf die Zahlen ab Dienstag. ...werden bestimmt super...

[kosto1929]

Das befürchte ich auch... Aber mein Entschluß bleibt!

[goodbuy2003]

na ja, wenn ich mir den DOW vom Freitag anschau , dann wurde kräftig ausgeschüttelt...die Lemminge sollen gefälligst die Aktien zu Höchstkursen kaufen..und so lange draussen bleiben, basta

[kosto1929]

Vielleicht kann ich mir auch einen neuen Job suchen, wenn diese Sache in die Binsen geht...



Möglich das ich aus der Sache nicht heile raus komme, dann sage ich mal "Ciao"

Dann werde ich in der Gosse landen!