Investing by the Stars: Employing Astrology in the Economic Markets
From the country’s leading monetary astrologer and key advisor to money managers, traders, and private investors–a man who employed astrology to predict the 1990 Tokyo marketplace crash–comes this unusual guide that shows how to buy and/or sell stocks based on astrology, use birthdates of various stock markets to make decisions, integrate astrology with conventional industry analysis, and a lot more. 20 illustrations.
List Cost: $ 24.95
Cost: $ 29.94
DO NOT WASTE YOUR MONEY!,
After reading his book, following his web site and e-mail service and taking his advice for over a month, I lost thousands of dollars INVESTING BY THE STARS. The methods credited in this book are failures.
One serious disappointment is this book contains absolutely no information that the reader can apply to market timing.
Another major disappointment is Weingarten uses this book as a platform to brag about all of his supposed accomplishments at past market timing.
This book is a feeble attempt to justify the use of astrology as a market timing tool and an obvious attempt to enrich Weingarten’s pocket and ego without providing any useful data to the reader.
Weingarten is slick and makes his market timing skills sound bigger than life. Reality proves just the opposite; here are just a few of his Mar through Jun 1997 failures based on astrology and this list constitutes a clear majority of his biggest predictions for 97 (i.e. he is wrong far more often than right.)
(1) Weingarten claimed 3/11 would be the high for 1997 at 7085. Fact is: the DJIA has made several new highs.
(2) For many weeks, he predicted the DJIA would drop to 5200 by June 97 but here we are at the 7800 level mid June. That’s 2600 point off.
(3) On 4/21, Weingarten e-mailed subscribers predicting the Dow would fall 1000 points in the next 15 days to 5703. Fact is: a 10% correction ended on Apr 14 then the Dow rose almost straight up to new highs at 7200 by May 5.
(4) Again on 5/16, he predicted the Dow would drop from 7320 to 6240 in the next 15 days. Fact is: the Dow pulled back a couple hundred points and recovered those losses to finish the month slightly off recent new highs at 7331.
(5) Weingarten then predicted the market could slide 250 or more points or even crash on May 14, 21 and 22. The DJIA gained 12 points on the 14th; it fell a mere 12 points on the 21st; and lost a whole 32 points on the 22nd.
(6) Again on 5/21, he proclaims 7350 the top. Fact is: the DJIA continued to make new highs and on May 27 closed at 7383.
(7) Still insisting the market is heading down, again on 6/12, Weingarten proclaims 7640 the top. The DJIA closed that day at 7711 and moved up to another record of 7782 on June 13. The market will fall sometime, but how much money will be lost in the meantime by following his wrong predictions?
(8) Since Dec 96 and based on astrology, Weingarten claimed Disney was destined to have poor earnings and would be a $40 stock by June. Fact is: Disney has traded from the upper $60′s in Dec to a recent high of $85 and has twice reported solid earnings. And sadly enough, he incorretly claims as of 6/13 this recommendation is profitable. Fact is: he has preached shorting Disney while the stock has moved over $20 against his recommendation making this trade a very big loser.
(9) Weingarten boasts that astrology shows most major technology stocks have made their 1997 highs in the 1st quarter, specifically Intel and Microsoft, and that he sees big declines in technology earnings for the year.
(9a) At the beginning of Mar just prior to a 10% correction in the DJIA, Compaq was $80 in late May $110; Dell was $72 in late May $113; Gateway was $59 in late May $74; IBM was $145 in late May $179; Intel was $145 in late May $169; and Microsoft was $99 in late May $126. All of these major technology bell weathers have reported great earnings and have all achieved significant new all time highs. On 5/30 Intel warned of a 2nd quarter earnings situation but Compaq, Dell and Gateway have said their 2nd quarters look good.
(9b) On 4/18 even after announcing great earnings, Weingarten recommended shorting Microsoft at $100. Microsoft shot up to new all time highs at $126 without falling below $100.
(9c) On 4/22, Weingarten recommended shorting IBM at $140. On 4/30 IBM was $160 and had not closed below $140; but he recommended shorting it again. In the next 4 weeks, IBM went on to make a new all time high at $179 and did not once close below his $160 short.
Even an incompetent fool continually making ignorant proclamations will at some time be right. Someday Weingarten will be right and can write another book musing about his great vision and wisdom and maybe the proceeds will replace the money he has lost in the markets.
Sadly, INVESTING BY THE STARS is a book that fails to provide the reader with any useful material. It reads like a book written by Henry’s mother extolling his questionable virtues and skills. Following his web site recommendations for a few months has proven his book a waste of money.
My recommendation, save your time and money by finding other reading material. A COMIC BOOK WOULD BE MORE ENLIGHTENING, WORTHWHILE AND USEFUL
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|UNDERSTANDING FINANCIAL ASTROLOGY,
This book is written by an Internationally recognized financial astrologer who over time has predicted correctly some of the most major events that have occurred such as the Asian crisis of 1997 which had dramatic affects on world sharemarkets.I personaly also subscribe to his email service and have found it invaluable.Mr Weingarten has always said that astrology along with fundamentals and technicals drive markets and he suggests people make their own decisions. By incorporating his system I have become a more successful trader and welcome a second book.
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|An outsiders review of Investing,
I would like to extend my appreciation of Henry Weingarten’s book, “Investing by the Stars.”
The book combines factual financial information with astrology, which adds a fascinating philosophical perspective to an otherwise mundane profession. In these days of computerized research and financial programs, his unique approach situates the often perilous trade of Investing within the high reaches of the cosmos. Thankfully, from the perspective of this lay reader, the book was quite an interesting read.
I recommend this book to both serious investors and friends of Astrology!
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