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

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
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