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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Cheeky Kid who wrote (51790)9/9/2000 12:52:15 AM
From: Jorj X Mckie  Respond to of 63513
 
Great, end of subject.



To: Cheeky Kid who wrote (51790)9/9/2000 3:36:43 AM
From: Cheeky Kid  Read Replies (1) | Respond to of 63513
 
thestreet.com

SNIP:

"If I take information about astrology to the scientific community, they don't want to know anything about it," said Arch Crawford, who offers technical and astrological advice in his newsletter Crawford Perspectives. "But if I take it to Wall Street, they'll use it."


SNIP:
(Crawford says his readers include many fund managers, some of which handle as much as $50 billion -- but who are as yet reluctant to come out of the astrological closet.)

************************

No wonder many get burned in the market. Nothing based on fact, based on fallacy. I think it's time for people to see if their money managers use astrology to manage their retirement funds. In my opinion this is totally absurd.



To: Cheeky Kid who wrote (51790)9/9/2000 4:13:52 AM
From: Cheeky Kid  Read Replies (1) | Respond to 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.

- - - - -

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?"