Money and markets

Video: Astrology and Financial Markets

Thanks Elsa for this interesting video featuring financial astrologer Henry Weingarten as well as psychic readers of various types. (Also see the article in Sunday’s New York Times on the same subject.)

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By |2008-11-23T17:21:25-04:00November 23rd, 2008|Money and markets|Comments Off on Video: Astrology and Financial Markets

Pluto Rx and the market goes wild

Pluto turns retrograde April 2 heading back towards Sagittarius, and already the stock market surges.

Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.

I said before that the last pass of Pluto through Sagittarius would bring one last wave of optimism, and here it is, right on schedule.

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By |2008-04-02T00:26:00-04:00April 2nd, 2008|Money and markets|Comments Off on Pluto Rx and the market goes wild

‘A Nation of Enrons”

This was in my inbox today. Those of us who follow astrology will not be surprised to read from the Motley Fool that the corporate culture is collapsing under the influence of Pluto (breakdown and transformation) in Capricorn (business, achievement, capitalism):

Half a decade ago, the entire nation was shocked when award-winning “innovator” Enron turned out to be little more than a cash-shredding pyramid scheme. The crucial failing for investors was Enron’s use of opaque, “mark-to-market” accounting. The problem comes when the market is batty (or doesn’t exist), so you instead mark your assets to a model, especially one that’s wrong, either because you made an error or because you based it on exceedingly generous assumptions.

In the end, we learned that Enron’s accounting was pretty much mark-to-fairy-tale, with the company booking enormous gains from assumed future profits on schemes (like bandwidth trading) that sounded great, but had little chance of producing anything besides headlines.

You might think we’d learned our lessons about fantasy accounting after Enron, but you would be wrong. Things actually got worse. The infection moved to the comfy-sounding “homeownership” market. Against a star-spangled, feel-good backdrop touting the “American Dream,” our recent mark-to-model mania tripped up a lot more than one big company. In fact, it swept through the entire banking world. (Bear Stearns (NYSE: BSC) is not the first to choke on lousy, poorly modeled mortgage-backed securities “income,” and I’ll eat a Miami condo if it’s the last.)

read more…

I’ve been reading articles about the slowdown of big mega retailers, and I’m wondering if the coming transformation of the corporate world might bring about the return of independent business (when Uranus in Aries squares Pluto in Cap 2010-2013). Perhaps it’s just wishful thinking, but it […]

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By |2008-03-28T20:08:00-04:00March 28th, 2008|Money and markets|Comments Off on ‘A Nation of Enrons”

Billions of dollars down the drain

The United States has a history of valuing money over people. Pluto in the US (Sibley) chart is in the second house of financial wealth and resources, and the compulsive (Pluto) need to acquire could be its undoing. Transiting Pluto is square the Midheaven of the US chart, and this event will reverberate in Pluto’s natal house which in this case is the second house.

Not only are we spending billions of dollars in Iraq, but we’re also now spending billions of dollars to bail out failing banks, money that of course will be repaid by the taxpayers. And since Bush’s tax cuts have cut the tax rate of the wealthiest Americans, that burden will be shouldered by what is left of the middle class. This commentator says:

[T]he Fed might be fighting yesterday’s war, when the problem seemed to be a liquidity crisis. The Fed first lowered interest rates to facilitate borrowing. No luck; long-term rates were immovable. It then made funds available to credit markets for very short periods on attractive terms. No luck; credit markets remained frozen. So now we have the offer of $200 billion of high-quality assets to replace those of lesser quality. Tune in after a few weeks to find out if this has significantly eased credit markets, or merely created a bit of euphoria in stock markets.

Meanwhile, the Fed’s critics are saying that the enemy is no longer liquidity, but the threat of insolvency. We have already had billions in write-offs, and hundreds of billions more of such “marking to market” is coming. So steep will these write-downs be that the banks will find they are bust – what they owe to depositors and creditors exceeds the value of their shriveled assets. Unless they can get more capital, say the […]

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By |2008-03-21T10:46:00-04:00March 21st, 2008|Money and markets, Politics|Comments Off on Billions of dollars down the drain

The Funny Thing About Uranus and the Markets

(Please refrain from scatological jokes here!) On Monday the stock market rose over 400 points, the biggest single day rise since 2002, confirming the predictions of noted astrological money expert Ray Merriman who, noting the falling markets at the New Moon which was conjunct Uranus on Friday, predicted for this week:

For this week, Venus will enter Pisces March 12, followed by Mercury doing the same March 14. More Pisces. More confusion and uncertainty. This is followed by Venus starting its translation to the Saturn-Uranus opposition, starting with its opposition to Saturn on March 15, and culminating with its conjunction to Uranus on March 28. The roller coaster may pause this week, but more steep slopes could be ahead March 15-28. Of course with the new moon conjunct Uranus this past Friday, a sudden and sharp rally is also possible, for it can be counted on for one thing: it does what most people do not expect.

The one thing you can expect from Uranus is the unexpected, making it impossible to make astrological predictions when Uranus is involved. The New Moon/Uranus conjunction was in Pisces where it is idealistic and compassionate but with a tendency towards delusion. The rise in the markets came about due to a huge infusion of cash (transiting Jupiter (expansion) forming a sextile to Uranus and the New Moon) from the Federal Reserve, acting with the European Central Bank, the Bank of Canada and the Swiss National Bank. I’ve read enough conspiracy theory to be very concerned when this kind of global banking cartel begins working to control the world’s financial markets, particularly as Pluto begins its travels through Capricorn, the sign of banking, financing, and large corporations.

The philosophy behind most conspiracy […]

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By |2019-05-11T07:33:04-04:00March 12th, 2008|Money and markets|Comments Off on The Funny Thing About Uranus and the Markets
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