We predicted the coming of the recession, can we also predict when it will be behind us?
I began predicting a decline in the financial markets when Jupiter (expansion) made a square to Saturn (restriction and the imposition of limitations) back in late 2005 and 2006. At that time I, like other astrologers, began recommending that people get out of the stock market, assuming that Saturn would begin to set limits on the ever-expanding market prices. Still, the stock market remained relatively strong and continued to expand with Jupiter in Scorpio, the sign of investment and other people’s money. In January 2007 I admitted that I had been wrong:
I feel that the stock market remained strong because of the determined optimism of Jupiter’s passage through Scorpio, which rules other people’s money and therefore the stock market, as well as the continued travel of Pluto through Sagittarius and its irrational exuberance. The astrological indicators are relatively benign for 2007. Except for the ongoing opposition of Saturn and Neptune which could disappoint (Saturn) some deluded (Neptune) investors who wear rose colored glasses and the square between Jupiter (expansion) and Uranus (sudden change) which may bring about sudden changes of fortune for all kinds of people, I don’t see anything that will bring about a recession.
However, it’s clear now that the seeds were sown during 2006 for the slowdown of the economy that hit us in 2008. Home prices peaked that year, as did the frenzy of subprime mortgages. However, the strength of the “irrational exuberance” as I called it of Pluto’s travel through Sagittarius made it […]