U.S. stocks set to follow overseas markets lower

[Guest guest]

Dear list members,

 

It seems the US stock market is off to another rocky week. It was

down over 70 points at the open, but has since rebounded and is now

25 points lower. With the transits turning increasingly adverse in

the SAMVA USA chart this week (with Ve/Ju/Sa period operating),

including:

 

- transit L6 Jupiter in H5 aspect to L8 Saturn in H1 is now within 1°

15' and Saturn is mildly in old age. Hence it is fully exposed to the

malefic energy of Jupiter.

- transit nodes are afflicting all the even numbered houses

- transit L2 Sun in H8 comes into excact conjunction of stationary

nodal axis on March 6, and

- transit L4 Venus in H9 coming within 1° off the exact aspect of L6

Jupiter in H5 on March 7,

 

we should expect further deterioration in coming days.

 

Best wishes,

 

Thor

 

1.

A Monday mess for Wall St. - U.S. stocks set to follow overseas

markets lower, as global retreat

continues.

March 5 2007: 8:44 AM EST NEW YORK (CNNMoney.com)

Wall Street braced for an opening selloff as the international stock

market retreat continued Monday.

 

At 8:42 a.m. ET, Nasdaq and S & P futures, which predict the direction

of stocks at the U.S. open, were sharply lower.

 

Asian markets tumbled, with Tokyo's Nikkei down more than 3.3

percent. Meanwhile Hong Kong's Hang Seng closed off about 4 percent

while the Shanghai Composite index, which was credited with sparking

the selloff in U.S. markets last Tuesday, fell a more modest 1.6

percent, and stocks in Australia retreated more than 2 percent.

 

European markets also opened lower and continued to slide. The dollar

lost ground against the yen but gained against the euro.

 

" Basically, it's follow the leader, " said Peter Cardillo, chief

market economist for Avalon Partners. " Obviously what started in Asia

spread to the weak European bourses. The real nitty-gritty of the

decline is the fear factor that is increasing. "

 

Cardillo said the Dow Jones industrial average could be in a for a

rough day if it falls below the 12,000 level for the first time since

November. It starts the day Monday less than 1 percent above that

psychologically significant benchmark.

 

Cardillo said he could see the U.S. markets, whose major indexes

declined more than 4 percent last week, losing another few percent

this week. But he doesn't expect this selloff to turn into a full-

scale bear market with sharper, long-term declines.

 

" I think we're going to be in for a bumpy ride, but I don't think

we're heading for a correction that could lead to a bear market, " he

said. He said eventually the money being pulled out of Asian markets

needs to find a home, and that some of it could end up in U.S. stocks

to help stabilize markets here.

 

Oil was down, reflecting the weakness in stocks. U.S. light crude

slid $1.06 to $60.58 a barrel in electronic trading.

 

Treasury prices rallied. The yield on the 10-year note fell to 4.49

percent from 4.5 percent late Friday.

 

Blackberry maker Research in Motion (Charts) announced early Monday

that a review of stock options grants will cause it to restate its

financial statements since fiscal 2004.

 

British Airways lost nearly 8 percent in early London trading after a

so-called " open skies " agreement late Friday between the European

Union and the United States that would create more competition on

trans-Atlantic routes crucial to BA's earnings.

 

Make a market drop work for you

U.S. airline stocks could get a lift Monday as the agreement could

allow foreign investors to take larger stakes in U.S. carriers than

currently permitted.

 

Concerns about problems in subprime mortgages, the sector of the home

loan industry serving borrowers with less than top credit, could

batter the market once again Monday.

 

New Century (Charts), the No. 3 lender in the sector, announced after

the close Friday that prosecutors have opened a criminal probe into

trading in its securities. Its shares lost 6.5 percent in after-hours

trading Friday.

 

And Fremont General (Charts), the No. 5 lender in the sector, said it

is in talks to sell its subprime residential lending business. Its

shares fell 17.5 percent after-hours.

 

Great Atlantic & Pacific Tea (Charts), which operates the A & P grocery

chain, agreed Monday to buy rival grocer Pathmark Stores (Charts) for

$1.3 billion in cash, stock and debt.

 

Takeover speculation could affect trading for a number of companies

Monday.

 

Palm (Charts), the maker of the Treo smart phone, is working with

investment bankers to explore its strategic options, according to a

report Monday in the Wall Street Journal. Shares of Palm gained 11

percent in Friday trading on takeover speculation.

 

Wireless provider Alltel (Charts) stepped up efforts to sell itself

to carriers such as AT & T (Charts), Verizon Communications (Charts) or

Sprint Nextel (Charts), according to another report in the Journal.

 

Ford Motor (Charts) could announce the sale of Aston Martin, its

money-losing British luxury sports car unit, for more than $865

million as early as this week, according to a report on Reuters.

 

Private equity firm Blackstone Group has emerged as a leading

contender to buy Chrysler Group, the troubled U.S. division of German

automaker DaimlerChrysler (Charts), according to a weekend report in

the Detroit News. Shares of DaimlerChrysler still lost 2.3 percent in

early Frankfurt trading Monday as part of the selloff.

 

Polo-Ralph Lauren (Charts) and Swiss luxury goods group Richemont

announced a joint venture early Monday to distribute watches and

jewelry through shops of the U.S. company.

 

Quick Vote

Is the stock selloff just a blip or the start of a longer downturn?

 

2.

U.S. Stock Futures Fall, Extending Global Slump; GM Declines

By Andreas Hippin and Michael Patterson

March 5 (Bloomberg) -- U.S. stock-index futures tumbled and shares in

Europe and Asia dropped after a global slump wiped out $1.8 trillion

in world market value last week.

 

General Motors Corp., the world's largest automaker, and Caterpillar

Inc., the biggest maker of earthmoving equipment, led the drop.

Shares of companies whose earnings are most dependent on economic

growth slid before a report that may show service industries, which

account for almost 90 percent of the U.S. economy, expanded at a

slower pace last month.

 

``The market's going to have a difficult time making progress here,''

said Michael Vogelzang, who helps manage $2.4 billion as chief

investment officer of Boston Advisors LLC in Boston. ``We're going to

have slowing earnings growth and the market has a very, very

difficult time making headway when that's the case.''

 

New Century Financial Corp. paced a slump in mortgage companies after

the second-biggest U.S. originator of subprime mortgages disclosed a

criminal probe. Reports last week that showed new-home sales fell in

January by the most in 13 years and the U.S. economy expanded less

than initially estimated last quarter helped push the Standard &

Poor's 500 Index to its worst weekly slide since January 2003.

 

S & P 500 futures expiring in March lost 7 to 1378.80 as of 9:20 a.m.

in New York. Dow Jones Industrial Average futures fell 43 to 12,065.

Nasdaq-100 Index futures slid 11 to 1715.25.

 

S & P 500 futures earlier lost as much as 1.1 percent. Futures pared

their drop as shares of Apple Inc. advanced.

 

Shares in Asia tumbled today, to a level not seen in two months,

while the Dow Jones Stoxx 600 Index slid 1.7 percent in Europe. U.S.

Treasuries rose as the decline in equities fueled demand for the

relative safety of government debt.

 

`Correction'

 

The S & P 500 has gone four years without falling 10 percent from a

recent high. The last percentage drop of more than 10 percent, a

common definition of a market ``correction,'' took place from Nov.

27, 2002, to March 11, 2003.

 

Since that bottom, the S & P 500 has climbed as much as 82 percent. On

Feb. 20, the benchmark set a six-year high, while the Dow average

closed at a record.

 

The Institute for Supply Management's index of non- manufacturing

businesses probably fell to 57 in February from 59 the previous

month, according to the median estimate of economists in a Bloomberg

News survey. Readings above 50 point to growth in these industries.

The report is due at 10 a.m. New York time.

 

The economy grew at an annual rate of 2.2 percent in the fourth

quarter, revised figures from the Commerce Department showed last

week. That compares with a 3.5 percent pace reported on Jan. 31.

 

GM, Caterpillar

 

General Motors fell 46 cents to $30.16. Caterpillar retreated 74

cents to $62.30. Wal-Mart Stores Inc., the world's biggest retailer,

lost 38 cents to $47.81.

 

New Century tumbled $8.29 to $6.36. The second-biggest U.S.

originator of subprime mortgages said the U.S. attorney for the

Central District of California is running a criminal inquiry ``in

connection with trading in the company's securities, as well as

accounting errors regarding the company's allowance for repurchase

losses.''

 

Fremont General Corp. slumped $2.31 to $6.40. The third- largest

provider of subprime U.S. mortgages through brokers said a regulatory

order will require it to stop giving mortgages to people who can't

repay, and it plans to exit the subprime home- loan business.

 

Subprime Lenders

 

Investors are growing skeptical that lenders to the riskiest

borrowers will achieve profit forecasts after more than 20 subprime

lenders were forced to close down or sell assets since the start of

2006, and late payments on mortgages last quarter climbed to the

highest in four years.

 

Lehman Brothers Holdings Inc. today downgraded the mortgage finance

sector to ``neutral'' from ``positive.''

 

Countrywide Financial Corp., the biggest U.S. mortgage lender,

dropped $2.77 to $34.25. American Home Mortgage Investment Corp.

declined $2.17 to $24.

 

Merrill Lynch & Co. fell $1.18 to $80.98. The company since 2005 has

financed two mortgage lenders that subsequently failed and bought a

third, First Franklin Financial Corp., for $1.3 billion.

 

Goldman Sachs Group Inc. retreated $3.17 to $192.50. The Taipei-based

Commercial Times reported the direct investment department of the

biggest U.S. securities firm by market value may join Carlyle Group

in seeking to buy Taiwan's Advanced Semiconductor Engineering Inc.

 

Goldman spokesman Edward Naylor declined to comment on the report in

a phone interview. Carlyle and Advanced Semiconductor Chairman Jason

Chang on Nov. 24 said they intended to jointly buy the chipmaker for

NT$39 per share, valuing the deal at $5.7 billion. Goldman is

advising the buyout firm on the bid.

 

Apple added 28 cents to $85.69. The maker of the iPod music player

and Macintosh personal computers was raised to ``overweight'' from

``neutral'' at Prudential Equity Group LLC.

 

Energy Companies

 

Exxon Mobil Corp. led a drop in energy shares as concern that

economic growth will slow sent crude oil for April delivery down as

much as 2.1 percent to $60.33 a barrel in New York.

 

Exxon, the world's biggest oil company, dropped 98 cents to $69.03.

ConocoPhillips, the third-largest U.S. oil producer, declined 94

cents to $63.99.

 

Research In Motion Ltd. dropped $4.96 to $131.01. The maker of the

BlackBerry e-mail phone said it will restate earnings by about $250

million and said James Balsillie will give up his post as chairman

after a review of its stock-options grants.

 

Palm Inc. declined 45 cents to $17.85. JPMorgan cut its

recommendation on the maker of the Treo e-mail phone to

``underweight'' from ``neutral.''

[Guest guest]

Dear friends,

 

The Dow Jones Industrial Average share price index closed down today.

It declined by 64 points, and is now at 12050, considerably below its

peak value of 12786 reached on February 21.

 

The situation is fast becoming worrisome for the market participants,

which is likely to feed into more declines this week - as predicted

here on the basis of SAMVA USA chart.

 

Best wishes,

 

Thor

 

SAMVA , " cosmologer " <cosmologer wrote:

>

> Dear list members,

>

> It seems the US stock market is off to another rocky week. It was

> down over 70 points at the open, but has since rebounded and is now

> 25 points lower. With the transits turning increasingly adverse in

> the SAMVA USA chart this week (with Ve/Ju/Sa period operating),

> including:

>

> - transit L6 Jupiter in H5 aspect to L8 Saturn in H1 is now within 1�

> 15' and Saturn is mildly in old age. Hence it is fully exposed to the

> malefic energy of Jupiter.

> - transit nodes are afflicting all the even numbered houses

> - transit L2 Sun in H8 comes into excact conjunction of stationary

> nodal axis on March 6, and

> - transit L4 Venus in H9 coming within 1� off the exact aspect of L6

> Jupiter in H5 on March 7,

>

> we should expect further deterioration in coming days.

>

> Best wishes,

>

> Thor

>

> 1.

> A Monday mess for Wall St. - U.S. stocks set to follow overseas

> markets lower, as global retreat

> continues.

> March 5 2007: 8:44 AM EST NEW YORK (CNNMoney.com)

> Wall Street braced for an opening selloff as the international stock

> market retreat continued Monday.

>

> At 8:42 a.m. ET, Nasdaq and S & P futures, which predict the direction

> of stocks at the U.S. open, were sharply lower.

>

> Asian markets tumbled, with Tokyo's Nikkei down more than 3.3

> percent. Meanwhile Hong Kong's Hang Seng closed off about 4 percent

> while the Shanghai Composite index, which was credited with sparking

> the selloff in U.S. markets last Tuesday, fell a more modest 1.6

> percent, and stocks in Australia retreated more than 2 percent.

>

> European markets also opened lower and continued to slide. The dollar

> lost ground against the yen but gained against the euro.

>

> " Basically, it's follow the leader, " said Peter Cardillo, chief

> market economist for Avalon Partners. " Obviously what started in Asia

> spread to the weak European bourses. The real nitty-gritty of the

> decline is the fear factor that is increasing. "

>

> Cardillo said the Dow Jones industrial average could be in a for a

> rough day if it falls below the 12,000 level for the first time since

> November. It starts the day Monday less than 1 percent above that

> psychologically significant benchmark.

>

> Cardillo said he could see the U.S. markets, whose major indexes

> declined more than 4 percent last week, losing another few percent

> this week. But he doesn't expect this selloff to turn into a full-

> scale bear market with sharper, long-term declines.

>

> " I think we're going to be in for a bumpy ride, but I don't think

> we're heading for a correction that could lead to a bear market, " he

> said. He said eventually the money being pulled out of Asian markets

> needs to find a home, and that some of it could end up in U.S. stocks

> to help stabilize markets here.

>

> Oil was down, reflecting the weakness in stocks. U.S. light crude

> slid $1.06 to $60.58 a barrel in electronic trading.

>

> Treasury prices rallied. The yield on the 10-year note fell to 4.49

> percent from 4.5 percent late Friday.

>

> Blackberry maker Research in Motion (Charts) announced early Monday

> that a review of stock options grants will cause it to restate its

> financial statements since fiscal 2004.

>

> British Airways lost nearly 8 percent in early London trading after a

> so-called " open skies " agreement late Friday between the European

> Union and the United States that would create more competition on

> trans-Atlantic routes crucial to BA's earnings.

>

> Make a market drop work for you

> U.S. airline stocks could get a lift Monday as the agreement could

> allow foreign investors to take larger stakes in U.S. carriers than

> currently permitted.

>

> Concerns about problems in subprime mortgages, the sector of the home

> loan industry serving borrowers with less than top credit, could

> batter the market once again Monday.

>

> New Century (Charts), the No. 3 lender in the sector, announced after

> the close Friday that prosecutors have opened a criminal probe into

> trading in its securities. Its shares lost 6.5 percent in after-hours

> trading Friday.

>

> And Fremont General (Charts), the No. 5 lender in the sector, said it

> is in talks to sell its subprime residential lending business. Its

> shares fell 17.5 percent after-hours.

>

> Great Atlantic & Pacific Tea (Charts), which operates the A & P grocery

> chain, agreed Monday to buy rival grocer Pathmark Stores (Charts) for

> $1.3 billion in cash, stock and debt.

>

> Takeover speculation could affect trading for a number of companies

> Monday.

>

> Palm (Charts), the maker of the Treo smart phone, is working with

> investment bankers to explore its strategic options, according to a

> report Monday in the Wall Street Journal. Shares of Palm gained 11

> percent in Friday trading on takeover speculation.

>

> Wireless provider Alltel (Charts) stepped up efforts to sell itself

> to carriers such as AT & T (Charts), Verizon Communications (Charts) or

> Sprint Nextel (Charts), according to another report in the Journal.

>

> Ford Motor (Charts) could announce the sale of Aston Martin, its

> money-losing British luxury sports car unit, for more than $865

> million as early as this week, according to a report on Reuters.

>

> Private equity firm Blackstone Group has emerged as a leading

> contender to buy Chrysler Group, the troubled U.S. division of German

> automaker DaimlerChrysler (Charts), according to a weekend report in

> the Detroit News. Shares of DaimlerChrysler still lost 2.3 percent in

> early Frankfurt trading Monday as part of the selloff.

>

> Polo-Ralph Lauren (Charts) and Swiss luxury goods group Richemont

> announced a joint venture early Monday to distribute watches and

> jewelry through shops of the U.S. company.

>

> Quick Vote

> Is the stock selloff just a blip or the start of a longer downturn?

>

> 2.

> U.S. Stock Futures Fall, Extending Global Slump; GM Declines

> By Andreas Hippin and Michael Patterson

> March 5 (Bloomberg) -- U.S. stock-index futures tumbled and shares in

> Europe and Asia dropped after a global slump wiped out $1.8 trillion

> in world market value last week.

>

> General Motors Corp., the world's largest automaker, and Caterpillar

> Inc., the biggest maker of earthmoving equipment, led the drop.

> Shares of companies whose earnings are most dependent on economic

> growth slid before a report that may show service industries, which

> account for almost 90 percent of the U.S. economy, expanded at a

> slower pace last month.

>

> ``The market's going to have a difficult time making progress here,''

> said Michael Vogelzang, who helps manage $2.4 billion as chief

> investment officer of Boston Advisors LLC in Boston. ``We're going to

> have slowing earnings growth and the market has a very, very

> difficult time making headway when that's the case.''

>

> New Century Financial Corp. paced a slump in mortgage companies after

> the second-biggest U.S. originator of subprime mortgages disclosed a

> criminal probe. Reports last week that showed new-home sales fell in

> January by the most in 13 years and the U.S. economy expanded less

> than initially estimated last quarter helped push the Standard &

> Poor's 500 Index to its worst weekly slide since January 2003.

>

> S & P 500 futures expiring in March lost 7 to 1378.80 as of 9:20 a.m.

> in New York. Dow Jones Industrial Average futures fell 43 to 12,065.

> Nasdaq-100 Index futures slid 11 to 1715.25.

>

> S & P 500 futures earlier lost as much as 1.1 percent. Futures pared

> their drop as shares of Apple Inc. advanced.

>

> Shares in Asia tumbled today, to a level not seen in two months,

> while the Dow Jones Stoxx 600 Index slid 1.7 percent in Europe. U.S.

> Treasuries rose as the decline in equities fueled demand for the

> relative safety of government debt.

>

> `Correction'

>

> The S & P 500 has gone four years without falling 10 percent from a

> recent high. The last percentage drop of more than 10 percent, a

> common definition of a market ``correction,'' took place from Nov.

> 27, 2002, to March 11, 2003.

>

> Since that bottom, the S & P 500 has climbed as much as 82 percent. On

> Feb. 20, the benchmark set a six-year high, while the Dow average

> closed at a record.

>

> The Institute for Supply Management's index of non- manufacturing

> businesses probably fell to 57 in February from 59 the previous

> month, according to the median estimate of economists in a Bloomberg

> News survey. Readings above 50 point to growth in these industries.

> The report is due at 10 a.m. New York time.

>

> The economy grew at an annual rate of 2.2 percent in the fourth

> quarter, revised figures from the Commerce Department showed last

> week. That compares with a 3.5 percent pace reported on Jan. 31.

>

> GM, Caterpillar

>

> General Motors fell 46 cents to $30.16. Caterpillar retreated 74

> cents to $62.30. Wal-Mart Stores Inc., the world's biggest retailer,

> lost 38 cents to $47.81.

>

> New Century tumbled $8.29 to $6.36. The second-biggest U.S.

> originator of subprime mortgages said the U.S. attorney for the

> Central District of California is running a criminal inquiry ``in

> connection with trading in the company's securities, as well as

> accounting errors regarding the company's allowance for repurchase

> losses.''

>

> Fremont General Corp. slumped $2.31 to $6.40. The third- largest

> provider of subprime U.S. mortgages through brokers said a regulatory

> order will require it to stop giving mortgages to people who can't

> repay, and it plans to exit the subprime home- loan business.

>

> Subprime Lenders

>

> Investors are growing skeptical that lenders to the riskiest

> borrowers will achieve profit forecasts after more than 20 subprime

> lenders were forced to close down or sell assets since the start of

> 2006, and late payments on mortgages last quarter climbed to the

> highest in four years.

>

> Lehman Brothers Holdings Inc. today downgraded the mortgage finance

> sector to ``neutral'' from ``positive.''

>

> Countrywide Financial Corp., the biggest U.S. mortgage lender,

> dropped $2.77 to $34.25. American Home Mortgage Investment Corp.

> declined $2.17 to $24.

>

> Merrill Lynch & Co. fell $1.18 to $80.98. The company since 2005 has

> financed two mortgage lenders that subsequently failed and bought a

> third, First Franklin Financial Corp., for $1.3 billion.

>

> Goldman Sachs Group Inc. retreated $3.17 to $192.50. The Taipei-based

> Commercial Times reported the direct investment department of the

> biggest U.S. securities firm by market value may join Carlyle Group

> in seeking to buy Taiwan's Advanced Semiconductor Engineering Inc.

>

> Goldman spokesman Edward Naylor declined to comment on the report in

> a phone interview. Carlyle and Advanced Semiconductor Chairman Jason

> Chang on Nov. 24 said they intended to jointly buy the chipmaker for

> NT$39 per share, valuing the deal at $5.7 billion. Goldman is

> advising the buyout firm on the bid.

>

> Apple added 28 cents to $85.69. The maker of the iPod music player

> and Macintosh personal computers was raised to ``overweight'' from

> ``neutral'' at Prudential Equity Group LLC.

>

> Energy Companies

>

> Exxon Mobil Corp. led a drop in energy shares as concern that

> economic growth will slow sent crude oil for April delivery down as

> much as 2.1 percent to $60.33 a barrel in New York.

>

> Exxon, the world's biggest oil company, dropped 98 cents to $69.03.

> ConocoPhillips, the third-largest U.S. oil producer, declined 94

> cents to $63.99.

>

> Research In Motion Ltd. dropped $4.96 to $131.01. The maker of the

> BlackBerry e-mail phone said it will restate earnings by about $250

> million and said James Balsillie will give up his post as chairman

> after a review of its stock-options grants.

>

> Palm Inc. declined 45 cents to $17.85. JPMorgan cut its

> recommendation on the maker of the Treo e-mail phone to

> ``underweight'' from ``neutral.''

>

[Guest guest]

Dear Thor,

 

I've been monitoring the DJIA all day. It's quite amazing to see the effect

in real time. This morning, I thought that Venus on the MEP of H9 will help

this a little as the Mo transits H3, but not too much as was already

starting to separate from 21 at the open bell.

 

Congratulations on the correct assessment!

 

 

Best regards,

 

Vyas Munidas

 

 

-

" cosmologer " <cosmologer

<SAMVA >

Monday, March 05, 2007 4:08 PM

Re: U.S. stocks set to follow overseas markets lower

 

 

Dear friends,

 

The Dow Jones Industrial Average share price index closed down today.

It declined by 64 points, and is now at 12050, considerably below its

peak value of 12786 reached on February 21.

 

The situation is fast becoming worrisome for the market participants,

which is likely to feed into more declines this week - as predicted

here on the basis of SAMVA USA chart.

 

Best wishes,

 

Thor

 

SAMVA , " cosmologer " <cosmologer wrote:

>

> Dear list members,

>

> It seems the US stock market is off to another rocky week. It was

> down over 70 points at the open, but has since rebounded and is now

> 25 points lower. With the transits turning increasingly adverse in

> the SAMVA USA chart this week (with Ve/Ju/Sa period operating),

> including:

>

> - transit L6 Jupiter in H5 aspect to L8 Saturn in H1 is now within 1�

> 15' and Saturn is mildly in old age. Hence it is fully exposed to the

> malefic energy of Jupiter.

> - transit nodes are afflicting all the even numbered houses

> - transit L2 Sun in H8 comes into excact conjunction of stationary

> nodal axis on March 6, and

> - transit L4 Venus in H9 coming within 1� off the exact aspect of L6

> Jupiter in H5 on March 7,

>

> we should expect further deterioration in coming days.

>

> Best wishes,

>

> Thor

>

> 1.

> A Monday mess for Wall St. - U.S. stocks set to follow overseas

> markets lower, as global retreat

> continues.

> March 5 2007: 8:44 AM EST NEW YORK (CNNMoney.com)

> Wall Street braced for an opening selloff as the international stock

> market retreat continued Monday.

>

> At 8:42 a.m. ET, Nasdaq and S & P futures, which predict the direction

> of stocks at the U.S. open, were sharply lower.

>

> Asian markets tumbled, with Tokyo's Nikkei down more than 3.3

> percent. Meanwhile Hong Kong's Hang Seng closed off about 4 percent

> while the Shanghai Composite index, which was credited with sparking

> the selloff in U.S. markets last Tuesday, fell a more modest 1.6

> percent, and stocks in Australia retreated more than 2 percent.

>

> European markets also opened lower and continued to slide. The dollar

> lost ground against the yen but gained against the euro.

>

> " Basically, it's follow the leader, " said Peter Cardillo, chief

> market economist for Avalon Partners. " Obviously what started in Asia

> spread to the weak European bourses. The real nitty-gritty of the

> decline is the fear factor that is increasing. "

>

> Cardillo said the Dow Jones industrial average could be in a for a

> rough day if it falls below the 12,000 level for the first time since

> November. It starts the day Monday less than 1 percent above that

> psychologically significant benchmark.

>

> Cardillo said he could see the U.S. markets, whose major indexes

> declined more than 4 percent last week, losing another few percent

> this week. But he doesn't expect this selloff to turn into a full-

> scale bear market with sharper, long-term declines.

>

> " I think we're going to be in for a bumpy ride, but I don't think

> we're heading for a correction that could lead to a bear market, " he

> said. He said eventually the money being pulled out of Asian markets

> needs to find a home, and that some of it could end up in U.S. stocks

> to help stabilize markets here.

>

> Oil was down, reflecting the weakness in stocks. U.S. light crude

> slid $1.06 to $60.58 a barrel in electronic trading.

>

> Treasury prices rallied. The yield on the 10-year note fell to 4.49

> percent from 4.5 percent late Friday.

>

> Blackberry maker Research in Motion (Charts) announced early Monday

> that a review of stock options grants will cause it to restate its

> financial statements since fiscal 2004.

>

> British Airways lost nearly 8 percent in early London trading after a

> so-called " open skies " agreement late Friday between the European

> Union and the United States that would create more competition on

> trans-Atlantic routes crucial to BA's earnings.

>

> Make a market drop work for you

> U.S. airline stocks could get a lift Monday as the agreement could

> allow foreign investors to take larger stakes in U.S. carriers than

> currently permitted.

>

> Concerns about problems in subprime mortgages, the sector of the home

> loan industry serving borrowers with less than top credit, could

> batter the market once again Monday.

>

> New Century (Charts), the No. 3 lender in the sector, announced after

> the close Friday that prosecutors have opened a criminal probe into

> trading in its securities. Its shares lost 6.5 percent in after-hours

> trading Friday.

>

> And Fremont General (Charts), the No. 5 lender in the sector, said it

> is in talks to sell its subprime residential lending business. Its

> shares fell 17.5 percent after-hours.

>

> Great Atlantic & Pacific Tea (Charts), which operates the A & P grocery

> chain, agreed Monday to buy rival grocer Pathmark Stores (Charts) for

> $1.3 billion in cash, stock and debt.

>

> Takeover speculation could affect trading for a number of companies

> Monday.

>

> Palm (Charts), the maker of the Treo smart phone, is working with

> investment bankers to explore its strategic options, according to a

> report Monday in the Wall Street Journal. Shares of Palm gained 11

> percent in Friday trading on takeover speculation.

>

> Wireless provider Alltel (Charts) stepped up efforts to sell itself

> to carriers such as AT & T (Charts), Verizon Communications (Charts) or

> Sprint Nextel (Charts), according to another report in the Journal.

>

> Ford Motor (Charts) could announce the sale of Aston Martin, its

> money-losing British luxury sports car unit, for more than $865

> million as early as this week, according to a report on Reuters.

>

> Private equity firm Blackstone Group has emerged as a leading

> contender to buy Chrysler Group, the troubled U.S. division of German

> automaker DaimlerChrysler (Charts), according to a weekend report in

> the Detroit News. Shares of DaimlerChrysler still lost 2.3 percent in

> early Frankfurt trading Monday as part of the selloff.

>

> Polo-Ralph Lauren (Charts) and Swiss luxury goods group Richemont

> announced a joint venture early Monday to distribute watches and

> jewelry through shops of the U.S. company.

>

> Quick Vote

> Is the stock selloff just a blip or the start of a longer downturn?

>

> 2.

> U.S. Stock Futures Fall, Extending Global Slump; GM Declines

> By Andreas Hippin and Michael Patterson

> March 5 (Bloomberg) -- U.S. stock-index futures tumbled and shares in

> Europe and Asia dropped after a global slump wiped out $1.8 trillion

> in world market value last week.

>

> General Motors Corp., the world's largest automaker, and Caterpillar

> Inc., the biggest maker of earthmoving equipment, led the drop.

> Shares of companies whose earnings are most dependent on economic

> growth slid before a report that may show service industries, which

> account for almost 90 percent of the U.S. economy, expanded at a

> slower pace last month.

>

> ``The market's going to have a difficult time making progress here,''

> said Michael Vogelzang, who helps manage $2.4 billion as chief

> investment officer of Boston Advisors LLC in Boston. ``We're going to

> have slowing earnings growth and the market has a very, very

> difficult time making headway when that's the case.''

>

> New Century Financial Corp. paced a slump in mortgage companies after

> the second-biggest U.S. originator of subprime mortgages disclosed a

> criminal probe. Reports last week that showed new-home sales fell in

> January by the most in 13 years and the U.S. economy expanded less

> than initially estimated last quarter helped push the Standard &

> Poor's 500 Index to its worst weekly slide since January 2003.

>

> S & P 500 futures expiring in March lost 7 to 1378.80 as of 9:20 a.m.

> in New York. Dow Jones Industrial Average futures fell 43 to 12,065.

> Nasdaq-100 Index futures slid 11 to 1715.25.

>

> S & P 500 futures earlier lost as much as 1.1 percent. Futures pared

> their drop as shares of Apple Inc. advanced.

>

> Shares in Asia tumbled today, to a level not seen in two months,

> while the Dow Jones Stoxx 600 Index slid 1.7 percent in Europe. U.S.

> Treasuries rose as the decline in equities fueled demand for the

> relative safety of government debt.

>

> `Correction'

>

> The S & P 500 has gone four years without falling 10 percent from a

> recent high. The last percentage drop of more than 10 percent, a

> common definition of a market ``correction,'' took place from Nov.

> 27, 2002, to March 11, 2003.

>

> Since that bottom, the S & P 500 has climbed as much as 82 percent. On

> Feb. 20, the benchmark set a six-year high, while the Dow average

> closed at a record.

>

> The Institute for Supply Management's index of non- manufacturing

> businesses probably fell to 57 in February from 59 the previous

> month, according to the median estimate of economists in a Bloomberg

> News survey. Readings above 50 point to growth in these industries.

> The report is due at 10 a.m. New York time.

>

> The economy grew at an annual rate of 2.2 percent in the fourth

> quarter, revised figures from the Commerce Department showed last

> week. That compares with a 3.5 percent pace reported on Jan. 31.

>

> GM, Caterpillar

>

> General Motors fell 46 cents to $30.16. Caterpillar retreated 74

> cents to $62.30. Wal-Mart Stores Inc., the world's biggest retailer,

> lost 38 cents to $47.81.

>

> New Century tumbled $8.29 to $6.36. The second-biggest U.S.

> originator of subprime mortgages said the U.S. attorney for the

> Central District of California is running a criminal inquiry ``in

> connection with trading in the company's securities, as well as

> accounting errors regarding the company's allowance for repurchase

> losses.''

>

> Fremont General Corp. slumped $2.31 to $6.40. The third- largest

> provider of subprime U.S. mortgages through brokers said a regulatory

> order will require it to stop giving mortgages to people who can't

> repay, and it plans to exit the subprime home- loan business.

>

> Subprime Lenders

>

> Investors are growing skeptical that lenders to the riskiest

> borrowers will achieve profit forecasts after more than 20 subprime

> lenders were forced to close down or sell assets since the start of

> 2006, and late payments on mortgages last quarter climbed to the

> highest in four years.

>

> Lehman Brothers Holdings Inc. today downgraded the mortgage finance

> sector to ``neutral'' from ``positive.''

>

> Countrywide Financial Corp., the biggest U.S. mortgage lender,

> dropped $2.77 to $34.25. American Home Mortgage Investment Corp.

> declined $2.17 to $24.

>

> Merrill Lynch & Co. fell $1.18 to $80.98. The company since 2005 has

> financed two mortgage lenders that subsequently failed and bought a

> third, First Franklin Financial Corp., for $1.3 billion.

>

> Goldman Sachs Group Inc. retreated $3.17 to $192.50. The Taipei-based

> Commercial Times reported the direct investment department of the

> biggest U.S. securities firm by market value may join Carlyle Group

> in seeking to buy Taiwan's Advanced Semiconductor Engineering Inc.

>

> Goldman spokesman Edward Naylor declined to comment on the report in

> a phone interview. Carlyle and Advanced Semiconductor Chairman Jason

> Chang on Nov. 24 said they intended to jointly buy the chipmaker for

> NT$39 per share, valuing the deal at $5.7 billion. Goldman is

> advising the buyout firm on the bid.

>

> Apple added 28 cents to $85.69. The maker of the iPod music player

> and Macintosh personal computers was raised to ``overweight'' from

> ``neutral'' at Prudential Equity Group LLC.

>

> Energy Companies

>

> Exxon Mobil Corp. led a drop in energy shares as concern that

> economic growth will slow sent crude oil for April delivery down as

> much as 2.1 percent to $60.33 a barrel in New York.

>

> Exxon, the world's biggest oil company, dropped 98 cents to $69.03.

> ConocoPhillips, the third-largest U.S. oil producer, declined 94

> cents to $63.99.

>

> Research In Motion Ltd. dropped $4.96 to $131.01. The maker of the

> BlackBerry e-mail phone said it will restate earnings by about $250

> million and said James Balsillie will give up his post as chairman

> after a review of its stock-options grants.

>

> Palm Inc. declined 45 cents to $17.85. JPMorgan cut its

> recommendation on the maker of the Treo e-mail phone to

> ``underweight'' from ``neutral.''

>

[Guest guest]

Dear Vyas,

 

Thank you for the kind words.

 

So far, we are only at the beginning of this move.

 

In relation to that, it is really interesting to hear the talk on Wall

Street. All the major money managers and strategists say the bull

market in U.S. stocks will continue - despite the recent big decline.

They are also advising their clients stocks are cheap and that they

should buy. If the SAMVA USA chart is correct, and these guys are all

wrong, they are really giving their clients some very bad advice.

 

Best wishes,

 

Thor

 

 

 

SAMVA , " Vyas Munidas " <muni> wrote:

>

> Dear Thor,

>

> I've been monitoring the DJIA all day. It's quite amazing to see the

effect

> in real time. This morning, I thought that Venus on the MEP of H9

will help

> this a little as the Mo transits H3, but not too much as was already

> starting to separate from 21 at the open bell.

>

> Congratulations on the correct assessment!

>

>

> Best regards,

>

> Vyas Munidas

>

>

> -

> " cosmologer " <cosmologer

> <SAMVA >

> Monday, March 05, 2007 4:08 PM

> Re: U.S. stocks set to follow overseas markets lower

>

>

> Dear friends,

>

> The Dow Jones Industrial Average share price index closed down today.

> It declined by 64 points, and is now at 12050, considerably below its

> peak value of 12786 reached on February 21.

>

> The situation is fast becoming worrisome for the market participants,

> which is likely to feed into more declines this week - as predicted

> here on the basis of SAMVA USA chart.

>

> Best wishes,

>

> Thor

>

> SAMVA , " cosmologer " <cosmologer@> wrote:

> >

> > Dear list members,

> >

> > It seems the US stock market is off to another rocky week. It was

> > down over 70 points at the open, but has since rebounded and is now

> > 25 points lower. With the transits turning increasingly adverse in

> > the SAMVA USA chart this week (with Ve/Ju/Sa period operating),

> > including:

> >

> > - transit L6 Jupiter in H5 aspect to L8 Saturn in H1 is now within

1�

> > 15' and Saturn is mildly in old age. Hence it is fully exposed to the

> > malefic energy of Jupiter.

> > - transit nodes are afflicting all the even numbered houses

> > - transit L2 Sun in H8 comes into excact conjunction of stationary

> > nodal axis on March 6, and

> > - transit L4 Venus in H9 coming within 1� off the exact aspect of L6

> > Jupiter in H5 on March 7,

> >

> > we should expect further deterioration in coming days.

> >

> > Best wishes,

> >

> > Thor

> >

> > 1.

> > A Monday mess for Wall St. - U.S. stocks set to follow overseas

> > markets lower, as global retreat

> > continues.

> > March 5 2007: 8:44 AM EST NEW YORK (CNNMoney.com)

> > Wall Street braced for an opening selloff as the international stock

> > market retreat continued Monday.

> >

> > At 8:42 a.m. ET, Nasdaq and S & P futures, which predict the direction

> > of stocks at the U.S. open, were sharply lower.

> >

> > Asian markets tumbled, with Tokyo's Nikkei down more than 3.3

> > percent. Meanwhile Hong Kong's Hang Seng closed off about 4 percent

> > while the Shanghai Composite index, which was credited with sparking

> > the selloff in U.S. markets last Tuesday, fell a more modest 1.6

> > percent, and stocks in Australia retreated more than 2 percent.

> >

> > European markets also opened lower and continued to slide. The dollar

> > lost ground against the yen but gained against the euro.

> >

> > " Basically, it's follow the leader, " said Peter Cardillo, chief

> > market economist for Avalon Partners. " Obviously what started in Asia

> > spread to the weak European bourses. The real nitty-gritty of the

> > decline is the fear factor that is increasing. "

> >

> > Cardillo said the Dow Jones industrial average could be in a for a

> > rough day if it falls below the 12,000 level for the first time since

> > November. It starts the day Monday less than 1 percent above that

> > psychologically significant benchmark.

> >

> > Cardillo said he could see the U.S. markets, whose major indexes

> > declined more than 4 percent last week, losing another few percent

> > this week. But he doesn't expect this selloff to turn into a full-

> > scale bear market with sharper, long-term declines.

> >

> > " I think we're going to be in for a bumpy ride, but I don't think

> > we're heading for a correction that could lead to a bear market, " he

> > said. He said eventually the money being pulled out of Asian markets

> > needs to find a home, and that some of it could end up in U.S. stocks

> > to help stabilize markets here.

> >

> > Oil was down, reflecting the weakness in stocks. U.S. light crude

> > slid $1.06 to $60.58 a barrel in electronic trading.

> >

> > Treasury prices rallied. The yield on the 10-year note fell to 4.49

> > percent from 4.5 percent late Friday.

> >

> > Blackberry maker Research in Motion (Charts) announced early Monday

> > that a review of stock options grants will cause it to restate its

> > financial statements since fiscal 2004.

> >

> > British Airways lost nearly 8 percent in early London trading after a

> > so-called " open skies " agreement late Friday between the European

> > Union and the United States that would create more competition on

> > trans-Atlantic routes crucial to BA's earnings.

> >

> > Make a market drop work for you

> > U.S. airline stocks could get a lift Monday as the agreement could

> > allow foreign investors to take larger stakes in U.S. carriers than

> > currently permitted.

> >

> > Concerns about problems in subprime mortgages, the sector of the home

> > loan industry serving borrowers with less than top credit, could

> > batter the market once again Monday.

> >

> > New Century (Charts), the No. 3 lender in the sector, announced after

> > the close Friday that prosecutors have opened a criminal probe into

> > trading in its securities. Its shares lost 6.5 percent in after-hours

> > trading Friday.

> >

> > And Fremont General (Charts), the No. 5 lender in the sector, said it

> > is in talks to sell its subprime residential lending business. Its

> > shares fell 17.5 percent after-hours.

> >

> > Great Atlantic & Pacific Tea (Charts), which operates the A & P grocery

> > chain, agreed Monday to buy rival grocer Pathmark Stores (Charts) for

> > $1.3 billion in cash, stock and debt.

> >

> > Takeover speculation could affect trading for a number of companies

> > Monday.

> >

> > Palm (Charts), the maker of the Treo smart phone, is working with

> > investment bankers to explore its strategic options, according to a

> > report Monday in the Wall Street Journal. Shares of Palm gained 11

> > percent in Friday trading on takeover speculation.

> >

> > Wireless provider Alltel (Charts) stepped up efforts to sell itself

> > to carriers such as AT & T (Charts), Verizon Communications (Charts) or

> > Sprint Nextel (Charts), according to another report in the Journal.

> >

> > Ford Motor (Charts) could announce the sale of Aston Martin, its

> > money-losing British luxury sports car unit, for more than $865

> > million as early as this week, according to a report on Reuters.

> >

> > Private equity firm Blackstone Group has emerged as a leading

> > contender to buy Chrysler Group, the troubled U.S. division of German

> > automaker DaimlerChrysler (Charts), according to a weekend report in

> > the Detroit News. Shares of DaimlerChrysler still lost 2.3 percent in

> > early Frankfurt trading Monday as part of the selloff.

> >

> > Polo-Ralph Lauren (Charts) and Swiss luxury goods group Richemont

> > announced a joint venture early Monday to distribute watches and

> > jewelry through shops of the U.S. company.

> >

> > Quick Vote

> > Is the stock selloff just a blip or the start of a longer downturn?

> >

> > 2.

> > U.S. Stock Futures Fall, Extending Global Slump; GM Declines

> > By Andreas Hippin and Michael Patterson

> > March 5 (Bloomberg) -- U.S. stock-index futures tumbled and shares in

> > Europe and Asia dropped after a global slump wiped out $1.8 trillion

> > in world market value last week.

> >

> > General Motors Corp., the world's largest automaker, and Caterpillar

> > Inc., the biggest maker of earthmoving equipment, led the drop.

> > Shares of companies whose earnings are most dependent on economic

> > growth slid before a report that may show service industries, which

> > account for almost 90 percent of the U.S. economy, expanded at a

> > slower pace last month.

> >

> > ``The market's going to have a difficult time making progress here,''

> > said Michael Vogelzang, who helps manage $2.4 billion as chief

> > investment officer of Boston Advisors LLC in Boston. ``We're going to

> > have slowing earnings growth and the market has a very, very

> > difficult time making headway when that's the case.''

> >

> > New Century Financial Corp. paced a slump in mortgage companies after

> > the second-biggest U.S. originator of subprime mortgages disclosed a

> > criminal probe. Reports last week that showed new-home sales fell in

> > January by the most in 13 years and the U.S. economy expanded less

> > than initially estimated last quarter helped push the Standard &

> > Poor's 500 Index to its worst weekly slide since January 2003.

> >

> > S & P 500 futures expiring in March lost 7 to 1378.80 as of 9:20 a.m.

> > in New York. Dow Jones Industrial Average futures fell 43 to 12,065.

> > Nasdaq-100 Index futures slid 11 to 1715.25.

> >

> > S & P 500 futures earlier lost as much as 1.1 percent. Futures pared

> > their drop as shares of Apple Inc. advanced.

> >

> > Shares in Asia tumbled today, to a level not seen in two months,

> > while the Dow Jones Stoxx 600 Index slid 1.7 percent in Europe. U.S.

> > Treasuries rose as the decline in equities fueled demand for the

> > relative safety of government debt.

> >

> > `Correction'

> >

> > The S & P 500 has gone four years without falling 10 percent from a

> > recent high. The last percentage drop of more than 10 percent, a

> > common definition of a market ``correction,'' took place from Nov.

> > 27, 2002, to March 11, 2003.

> >

> > Since that bottom, the S & P 500 has climbed as much as 82 percent. On

> > Feb. 20, the benchmark set a six-year high, while the Dow average

> > closed at a record.

> >

> > The Institute for Supply Management's index of non- manufacturing

> > businesses probably fell to 57 in February from 59 the previous

> > month, according to the median estimate of economists in a Bloomberg

> > News survey. Readings above 50 point to growth in these industries.

> > The report is due at 10 a.m. New York time.

> >

> > The economy grew at an annual rate of 2.2 percent in the fourth

> > quarter, revised figures from the Commerce Department showed last

> > week. That compares with a 3.5 percent pace reported on Jan. 31.

> >

> > GM, Caterpillar

> >

> > General Motors fell 46 cents to $30.16. Caterpillar retreated 74

> > cents to $62.30. Wal-Mart Stores Inc., the world's biggest retailer,

> > lost 38 cents to $47.81.

> >

> > New Century tumbled $8.29 to $6.36. The second-biggest U.S.

> > originator of subprime mortgages said the U.S. attorney for the

> > Central District of California is running a criminal inquiry ``in

> > connection with trading in the company's securities, as well as

> > accounting errors regarding the company's allowance for repurchase

> > losses.''

> >

> > Fremont General Corp. slumped $2.31 to $6.40. The third- largest

> > provider of subprime U.S. mortgages through brokers said a regulatory

> > order will require it to stop giving mortgages to people who can't

> > repay, and it plans to exit the subprime home- loan business.

> >

> > Subprime Lenders

> >

> > Investors are growing skeptical that lenders to the riskiest

> > borrowers will achieve profit forecasts after more than 20 subprime

> > lenders were forced to close down or sell assets since the start of

> > 2006, and late payments on mortgages last quarter climbed to the

> > highest in four years.

> >

> > Lehman Brothers Holdings Inc. today downgraded the mortgage finance

> > sector to ``neutral'' from ``positive.''

> >

> > Countrywide Financial Corp., the biggest U.S. mortgage lender,

> > dropped $2.77 to $34.25. American Home Mortgage Investment Corp.

> > declined $2.17 to $24.

> >

> > Merrill Lynch & Co. fell $1.18 to $80.98. The company since 2005 has

> > financed two mortgage lenders that subsequently failed and bought a

> > third, First Franklin Financial Corp., for $1.3 billion.

> >

> > Goldman Sachs Group Inc. retreated $3.17 to $192.50. The Taipei-based

> > Commercial Times reported the direct investment department of the

> > biggest U.S. securities firm by market value may join Carlyle Group

> > in seeking to buy Taiwan's Advanced Semiconductor Engineering Inc.

> >

> > Goldman spokesman Edward Naylor declined to comment on the report in

> > a phone interview. Carlyle and Advanced Semiconductor Chairman Jason

> > Chang on Nov. 24 said they intended to jointly buy the chipmaker for

> > NT$39 per share, valuing the deal at $5.7 billion. Goldman is

> > advising the buyout firm on the bid.

> >

> > Apple added 28 cents to $85.69. The maker of the iPod music player

> > and Macintosh personal computers was raised to ``overweight'' from

> > ``neutral'' at Prudential Equity Group LLC.

> >

> > Energy Companies

> >

> > Exxon Mobil Corp. led a drop in energy shares as concern that

> > economic growth will slow sent crude oil for April delivery down as

> > much as 2.1 percent to $60.33 a barrel in New York.

> >

> > Exxon, the world's biggest oil company, dropped 98 cents to $69.03.

> > ConocoPhillips, the third-largest U.S. oil producer, declined 94

> > cents to $63.99.

> >

> > Research In Motion Ltd. dropped $4.96 to $131.01. The maker of the

> > BlackBerry e-mail phone said it will restate earnings by about $250

> > million and said James Balsillie will give up his post as chairman

> > after a review of its stock-options grants.

> >

> > Palm Inc. declined 45 cents to $17.85. JPMorgan cut its

> > recommendation on the maker of the Treo e-mail phone to

> > ``underweight'' from ``neutral.''

> >

>