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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Cheeky Kid who wrote (51790)9/9/2000 4:13:52 AM
From: Cheeky Kid  Read Replies (1) of 63513
 
cnnfn.cnn.com

SNIP:
But Mannarino is also friends with Henry Weingarten, financial astrologer and director of the Astrologers Fund Inc. The fund, which is holding its annual market forecast in New York on May 18, is a private money manager with a little under $5 million in assets that uses astrology as its main analysis tool.

SNIP:
Should we be surprised that people are looking to the stars for market direction? Probably not. When the Nasdaq performs like a charter member of the Flying Wallendas, some investors may feel the need for all sorts of help.

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SNIP:
His advice to those seeking financial guidance from the heavenly bodies is as straightforward as the law of gravity.

"The last thing you want to do is put your portfolio in the hands of an astrologer," Krupp said. "If you use astrology to invest in the stock market, you're doing so as an act of faith, not as an act of astute rational analysis.


..."The after-the-fact prediction is the stock-in-trade for the astrologer," Krupp said. "How long have I heard people saying the tech stocks were overvalued?"
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