The Dow Jones average continued its spectacular slide last week, ending with the average below 8000 for the first time since 2003.
It's interesting to look at the history of the rise of the DJIA. In November 1972 the average rose about 1,000 for the first time ever. In November 1995 the average closed above 5,000 for the first time, a 400% increase that averages 17% per year. By March of 1999, with Pluto in Sagittarius, the Dow had risen to 10,000, a 25% per year increase, and October 2006 saw the Dow above 12,000 for the first time despite an intervening tech bubble and terrorist attack that weakened the markets.
If we take the average of the Dow Jones index from the 1972 price point of 1,000 to Friday's close at 8,000 we still have an average increase of 19% per year which is extremely reasonable by anyone's standards. The fact that we are considering 8,000 a low point in the market despite this steady and solid increase in the average shows the kind of ridiculous expectations along with the extreme highs of the Pluto in Sagittarius period and its relentless optimism®.
At any rate, over the past few days the Moon has been in Virgo where it is more conservative and favors thrift over investment, and on Friday the Moon approached a conjunction to Saturn, the planet of restriction and negative expectations, driving the mood of investors into a melancholic depression that will have passed by the time the markets open on Monday. By that time the Sun will have moved into Sagittarius where it will conjunct both Mercury and Mars which are already in Sag, and the mood will be much more optimistic.
The New Moon on November 27th is in Sagittarius where it will conjunct Mercury and Mars as I wrote a few days ago, and this combination of planets will provide us with a fiesta of optimism. On that day Uranus will turn direct, and Ray Merriman reports that when the planets change direction they always bring a reversal in the markets, either up or down. But Pluto arrives at 0 degrees Capricorn on the same day, placing us firmly in the challenging economic period that we have all expecting.
Planetary cycles have a global reach, and the Asian and European markets were strong yesterday despite the drop in the US stocks, and I suspect that next week we will see a bit of schizophrenic optimism and depression as the Sagittarius New Moon collides with the brutal realism of Pluto in Capricorn, and Uranus's change of direction brings erratic swings in both directions.
The 27th is the Thanksgiving holiday and the markets will be closed that day, so I suspect that the optimism will prevail over the few days before the holiday. When the markets reopen after the US holiday reality is likely to rule once again and the markets will correct to reflect this.
Thanks D for your proofreading this morning!
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Friday 28th will be especially interesting, since the Moon may just trigger Uranus by squaring it, just before early closing time, 1 PM.
Posting this comment on November 26, so far, you seem prescient. Let's see what transpires after Thanksgiving Day.
I saved this on my desktop to on he 21st to see if this would happen by the time it was the 27th, and this s%@# came true!!!! A BEAR MARKET RALLY ALL THROUGH TO WEDNESDAY!!!...i usually dont buy into this kinda crap but...........wow...like the post above, lets see what happens next week, im curious.....
I've only been looking at big cycles in the market and haven't been tracking the smaller ones. Friday was strong too which might have had something to do with that Sagittarius New Moon. On Monday, we have the Moon, Jupiter and Venus exactly conjunct in Capricorn which I think will be positive for the markets, and we also have the Sun conjunct Mars in Sagittarius, which is very confident. December 3-4 we have the Moon moving into position to conjunct Neptune, resulting in confusion, and Mercury beginning to square Uranus which may cause investors to pull out and stocks to tumble. I'm going to go out on a limb and predict that on the 4th and 5th we'll start to see a market reversal. This is not meant to be financial advice!!!
If this turns out to be accurate, I'm going to start looking at the smaller cycles and see what that looks like. I'm very interested in financial astrology but so far have not really spent much time on it.
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