Money and markets

This is not financial advice

But if it were, I would advise against getting caught up in the current euphoria on Wall Street.  After last year’s 1000 point tumble, stocks were way up yesterday in a big tech rally, and gold hit a new record.  Relief over the bailout plans in Europe and austerity measures in Greece and Portugal stimulated strong optimism yesterday.

Today there appears to be more anxiety, and these gyrations will continue over the next few weeks.

Jupiter and Uranus are nearing their conjunction, and with the planet of optimism and confidence (Jupiter) working closely with the planet of surprise and sudden change (Uranus), this is not a stable time for the financial markets.  Neptune is stationary this month and obscuring our clear vision, and when it turns retrograde at the end of the month it will be more difficult to see our way out of a muddy situation.  Saturn is also stationary, and Saturn’s penchant for rude awakenings could make a sudden end to a very pleasant dream.

If I was giving advice, which I’m not, I would suggest holding on to stocks until after the euphoria subsides in June and then sell before the  Saturn/Pluto cycle begins to realign later in the summer and pops the euphoric bubble.

That is my plan, anyway.

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By |2010-05-13T06:50:22-04:00May 13th, 2010|Money and markets|1 Comment

1987 crash was another “fat finger” event

Last week’s Wall Street roller coaster ride occurred under Mercury retrograde, but I didn’t realize that the crash in October 1987 also occurred under a cloud of technological suspicion.  Like the May 6 event, there were no major news events that could have stimulated the crash, and it seemed to come from nowhere.  Like the May 6 event, it is suspected that technological glitches impaired the normal flow of market trading, making it seem as though a major sell-off was occurring.

Like the May 6 event, Mercury was retrograde.

I’m just saying.  (Here’s a good article about the 1987 crash.)

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By |2010-05-11T17:38:51-04:00May 11th, 2010|Money and markets|3 Comments

Mercury retrograde hits Wall Street

The Dow Jones industrial average had a chaotic day yesterday, crashing more than 1000 points and then careening wildly back up.  At the end of the day the Dow had dropped about 3%.

According to the Washington Post:

Some price swings of stocks defied logic. The shares of  Accenture, a consulting firm, fell from $40 to a single penny and then back to $40 again. Procter & Gamble traded at $54 on the New York Stock Exchange. But at the same time, Nasdaq was reporting that the company’s shares were selling for $39.

These technical glitches (Mercury Rx) in themselves did not cause the panicked sell-off on Wall Street yesterday but the resulting anxiety and unease reflects the current planetary cycles.  As I wrote in Lynn’s Skywatch for May, there is a shortage of the air element which suggests a lack of objectivity.

In addition, Saturn and Neptune have slowed down to a standstill in preparation for their change of direction at the end of the month (Saturn will turn direct and move forward, Neptune will turn retrograde).  The force of both planets is more intense than usual with Saturn creating tests and challenges, and Neptune showering us with confusion and delusion.

To complicate matters further, Jupiter (confidence and optimism) is within range of a conjunction to Uranus (radical change) and both planets are opposite Saturn.  Wild swings of all kinds are common with Jupiter/Uranus combinations, as are incredible new inventions and other brilliant ideas.  Jupiter/Uranus wants to be positive and enthusiastic and resists any effort to curtail one’s freedom, and Saturn puts the brakes on creating resistance and repression.

There’s nothing inherently negative in the planetary cycles right now that suggest another crash or correction is likely – in fact, I’ve been predicting that the Jupiter/Uranus conjunction in May […]

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By |2010-05-07T06:26:21-04:00May 7th, 2010|Money and markets|Comments Off on Mercury retrograde hits Wall Street

Consumer confidence rose in April – what’s next?

It’s not surprising that consumers breathed a collective sigh of relief in April as Saturn, planet of restriction and limitation, retrograded out of reach of the challenging square to Pluto that has been evoking intense feelings of despair since it began last fall.  In addition we’ve seen Jupiter, planet of expansion and confidence, in the sign of Pisces which can be idealistic and hopeful to the extreme.  (To give you an idea how this works, the radio show I did on Jupiter’s entry into Pisces was titled “Santa Claus in Dreamland.”)

Jupiter is moving ever closer to a conjunction with Uranus which will intensify the urge to break free of the desolation and restriction that has kept consumer spending at a minimum over the past six months.  But Saturn, that Celestial Taskmaster, will oppose the other two and enforce the rules and boundaries of common sense.  Anywhere that improvement in the economy is based on fantasy and delusion, Saturn will force us to come back to earth.  However, it is also true that any improvement that is based on a real recovery will continue unabated.

Uranus is the planet of surprise, and it will briefly dip its toes into Aries at the end of May.  By early June, Jupiter will have joined Uranus in Aries and I suspect the economy will be pushing full steam ahead throughout the world for a month or so, until Uranus turns retrograde in early July.

It’s probably too early to celebrate a recovery, particularly if that recovery is based on consumer spending alone.  A healthy recovery in a Pluto in Capricorn world depends upon a solid foundation, which means good job numbers and a healthy savings portfolio.

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By |2010-04-28T15:58:54-04:00April 28th, 2010|Money and markets|Comments Off on Consumer confidence rose in April – what’s next?

Astrological financial update

Venus and Jupiter only conjoin for a day or two, but when the two “benefics” get together it’s usually a very pleasant and optimistic time.  Today they conjoin in Pisces, the sign of mystical wonder and illusion.  Jupiter is particularly strong in Pisces because Jupiter is the traditional ruler of Pisces, so the positive energy should be fairly powerful today.

The financial markets are already reflecting this despite the fears over the amount of debt in Greece: Asian markets closed higher, as did Australia and New Zealand stock indexes.  Pisces rules oil, and oil prices took a big hike.

Following the stock market contraction that correlated with the challenging square from Saturn to Pluto at the end of January, planetary optimism is increasing which will likely bring about another rally in the markets.  The Pisces influence will continue as the Sun and Mercury both move into Pisces, and with them an increased ability to see the world through rose-colored glasses.  This is likely to continue until the beginning of March when Mars slows down before turning direct on March 10, followed by a challenging square of Venus to Pluto that will also slow things down or create reversals in the markets.

Disclaimer: This article is for general interest only and is NOT intended to be used as financial advice!!!

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By |2010-02-15T06:33:55-04:00February 15th, 2010|Money and markets|Comments Off on Astrological financial update
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