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BEWARE LATE MARCH
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.''
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