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Astrology and the markets: Pure nonsense?

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Andromeda, again. by makelessnoiseWhere do I turn next? The experts don't seem to have a clue about our economy and where it is headed. Well then, let's look at the stars.

If you've never heard of such a thing, it sounds pretty crazy. But there is actually a community of investors out there that believes that reading the stars is the key to profiting in the stock market.

I'm not one of them, but it's fun to tap into their insights every now and then. Here is the latest:

The planet Pluto moved into Capricorn this past fall just in time for Freddie, Fannie and AIG to collapse. Capricorn is a sign of discipline. It is a disruptive force that is wreaking havoc from central banks to stock markets all over the world. Capricorn has the effect of looking at things objectively, without emotion and looking at reality the way it is -- not the way we want it to be.

For the past 15 years Pluto was moving through Sagittarius, a sign of expansion, growth, over extension, and over optimism. This could help to explain the way world economies grew helter skelter with the whole world getting over-extended and over-burdened with excessive debt. It was a "devil-may-care" attitude on the part of Wall Street and individuals as well. Now with the bursting of the bubble, the chickens have come home to roost.

Pluto will be going through the U.S. chart 8th house of mystery, death and rebirth. The last time this happened was in 1776!

Do you foresee big changes coming? Do you think the stars can help us decide how to invest?

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Symbol Lookup
IndexesChangePrice
DJIA-17.2410,433.71
NASDAQ-6.832,169.18
S&P 500-0.591,105.65

Last updated: November 25, 2009: 09:25 AM

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