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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: stockman_scott who wrote (39780)8/5/2001 10:46:33 AM
From: Jim Willie CB  Read Replies (3) of 65232
 
Louie Navellier thinks April4 was bottom
in new August letter he talks of the June earnings pre-announcement season when 100's of companies warned
stocks reacted negatively, but a stealth rally was unfolding
largecaps and midcaps were punished
but smallcaps started to rally
conclusion: money is not leaving the stock market
no general pervasive stock market bailout abandonment
breadth is expanding
many stocks have bottomed out, now on road to recovery

with JUNK BONDS recovering, we have 1 of 3 requirements present
the Mauldin-Yardeni criteria:
junk bonds recover, mfg cap util rises, NAPM prices rise

Louie likes midcaps in particular and is overweighted generally with them
he thinks earnings will slowly improve
he continues to like energy issues
esp since they have been taken down

the only tech stock spotted on his list is EMLX

I like Louie, but he is a slippery sneaky sob
in the past I have found he speaks on tv in opposite fashion regarding certain stocks versus his own newsletter
in 1999 he was selling a stock I held, but talked it up on CNBShit
very bright guy, great mind, prudent risk handler
he made over 20% in 2000 in his stocks
he is doing fine in 2001 with energy and healthcare now

thought I would share Louie's "bottom has been seen" call
/ jim
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