Stock market optimism continues a little longer
The conjunction of Jupiter to Uranus is still creating optimism in the markets that defy the news: “U.S. stocks closed higher Monday as investors were encouraged by earnings from Citigroup and a measure of home-builder confidence that topped expectations.” (read more here…)
Jupiter is the planet of confidence, and in tandem with Uranus it seeks sudden changes and liberation from negativity. The combination of these two planets is not the most realistic time in the world, and we are seeing this manifesting in the market, which rebounded today based on supposed confidence from home builders after an index reported today that builder confidence is up. The National Association of Home Builders chief economist interjected the voice of reason, saying “it could be another couple of years before the industry returns to normal.” There are signs of recovery, and that we have turned the corner as I’ve been reporting here. But the fundamentals are not strong enough yet to create real movement in the value of equities.
Mars is in Scorpio now, the sign of shared values and other people’s money (and therefore investments and the stock market), and Mars is moving into alignment to trine both Jupiter and Uranus. This should be a pretty positive week for the financial markets, although the retrograde movement of Venus will keep things from moving too far, too fast.
October is often a down month for the Dow, but after the intense planetary cycles of this summer investors are ready for a return of happy exuberance. They are likely to continue to find it until Mercury enters Scorpio on October 21st and begins to analyze the financial situation a little more thoroughly.
Overall, though, I continue to feel that we have turned the […]
