Letter to investors
From: Ninette Denise Uzan [mailto:nduzan@viking-fund.com] 
Sent: Sunday, October 14, 2007 4:46 PM
To: ALL 
Subject: ALERT-Stock market TOP
Importance: High
Throughout my career, I had the perilous responsibility of predicting the direction of different markets globally. This has been achieved primarily through macroeconomic and fundamental research, all the while considering investor sentiment.
But as Lord Meynard Keynes insightfully noted “Markets may remain illogical longer that we may remain solvent” – I include technical analysis to validate my work, a precious key in determining market timing.
These hard won insights into equities, currencies and commodities have been exclusively available to my private investors and attentive friends.
 As of Friday October 12th, 2007, I am alerting everyone on my address list, of a MARKET TOP.
Since the probability is extremely high (>85%) that my technical system is right, while my macro and fundamental studies are flashing an overbought and irrational market, I feel compelled to tell you of an impending reversal in the stock market.
While most of my recognition came from buying gold back in 1999 or Corn and wheat in 2006, some of you may recall my dire warnings of the Nasdaq top shortly before  March of 2000, and my bearish Real Estate forecast in the summer of 2005, and what followed.
My system had a sell on the Nasdaq on March 24th, 2000 and on the SP 500 cash on September 1st, 2000.
As of Friday, both the SP 500 cash and the Dow Jones Industrial index are showing historically similar SELL signals.
 What this means to you is, you should get out of the stock market entirely, NOW.
Unless you buy enough puts to cover the entire value of your portfolio – and that costs money – you will not be safe. Do not take into consideration the capital gains tax you might incur, and don’t get fooled by the FED’s latest intervention, just get out and preserve your capital.
My advice is free - consider it as a generous gift… (Though potentially priceless, this is worthless if not acted on).
You might not remember me, or me you, but your email was in my address book, that makes you the beneficiary of my alert.
However, please do not call me for explanation, even though my retirement is scheduled soon, my time and attention is still fully committed to managing my fund and partnerships.
With the hope this will save you money and anguish,
Sincerely,

Ninette Denise Uzan