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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (57015)	2/27/2002 5:05:51 AM
From: Skeet Shipman	Read Replies (2) of 94695

ARCH CRAWFORD - BEWARE OF LATE MARCH - "a very dangerous T-Square." In early September 2001, Crawford told his readers to get out of stocks, warning the market may crash by Oct. 5. Stocks sank to three-year lows by Sept. 21, in the wake of the devastating Sept. 11 attacks on the World Trade Center. Now Crawford is a market grizzly of the extreme kind. He warns investors the bear market ravaging Wall Street is here to stay for years. That's partly due to the unprecedented bull run in the 1980s and 1990s and stocks are likely to be pushed to bear market P-E ratios, he said. The market is ready for a fall near the quarter's end, Crawford said. The reasons: it marks the fiscal year's end in Japan, which many see as teetering on the edge of financial disaster, and the stars are not aligning well. "We PREDICT some kind of MELTDOWN as we approach the quarter's end, March 27-31!," Crawford wrote in a recent newsletter. "Mars conjoins the Saturn opposing Pluto while Mercury squares them all, completing a very dangerous T-Square." cbs.marketwatch.com

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