I don’t know about you, but all of a sudden I want to buy a new car. I’ve been looking online, in magazines, in the newspapers – thrilled at the prospect of something shiny and new in the driveway. This is particularly curious because I have a car that I LOVE – it’s a cool shade of green, nice and luxurious, and it goes great with all of my clothes.
I was telling Rich I couldn’t figure out why all of a sudden I wanted a new car, and then I noticed that every five minutes there is a new car ad on television. Yes, I AM that susceptible to marketing!
Today marks the return of General Motors to the trading floor of the New York stock exchange. The conservative press is minimizing the importance of the initial public offering today by General Motors which is selling stock in the company for the first time since it went bankrupt in 2008 as Pluto moved into Capricorn, but so far over $20 billion in stock shares have been sold, bringing the US Treasury’s share of GM stock down to 33% from over 60%.
With Venus and Jupiter both changing direction today and tomorrow, be prepared for reversals of fortune in financial markets. It’s difficult to predict whether GM’s success will lead to lasting optimism in the markets, but stocks are way up today over the excitement of the return of General Motors. This euphoria may be induced by today’s challenging square between the Sun and Neptune, which has a tendency to bring out our most fervent fantasies.
I have been predicting that once the “Cardinal Drama” of planetary alignments was behind us, which it is at this time, the general economy would begin to improve. This may not be true for everyone at once, and Pluto (destruction and rebuilding) will be in Capricorn (governmental and financial structures) for a long time. It will be quite a while before the dust of the economic collapse of the past two years will settle. In the meantime, before you go out and buy a car remember the danger of debt, and try not to be sucked in by clever advertising schemes!



posted November 18, 2010 at 5:50 pm
Lynn,
So the worst is behind us, and now it is a good time to buy a car?
Are you on drugs or just working for the government? Even for an astrologer, that has got to be the stupidest comment I have
heard from you, but perhaps many more to come…
posted November 18, 2010 at 9:46 pm
billgbg, How sad that you have nothing better to do! Maybe you were on drugs while reading the above, or maybe you need a refresher course on how to read?
posted November 19, 2010 at 3:53 am
billgbg is obviously a troll in need of attention.
posted November 19, 2010 at 7:20 am
You wrote: “It will be quite a while before the dust of the economic collapse of the past two years will settle”.
So you are blaming OBAMA for the economy collapse? Strange because my spirit guide and angels told me that the economy started sliding AROUND THE WORLD long before Obama even announced to run for President!
Now I have to consider the source of this article and take everything in you report with a pinch of salt!
posted November 19, 2010 at 7:32 am
I don’t think Bill read the post, or if he did my irony was lost on him. The post was about the delusion that marketing can create, and the point in the last paragraph is that even though the economy may be turning around we are a long way from being able to indulge ourselves with this kind of frivolous behavior.
posted November 19, 2010 at 8:06 am
PK, I agree that the slide has been happening for a while. I do believe Lynn is correct in saying that the collapse has been the most pronounced in the last two years as the scope of the problem has caught up with us. I don’t, however, see this as blaming Mr. Obama.
for the most part, I find Lynn to be very careful and thoughtful about the information she posts. even the celebrity stuff is interesting from a “compare and contrast” point of view.
poor billbgb, no life outside of mummy’s basement.
keep up the good work Lynn, no matter how silly the occasional troll comment, You are always professional and polite. a good upbringing always shows ;->
posted November 19, 2010 at 3:16 pm
Hi Lynn,
Someone once told me that the thing you need the least is the thing that you’ll see advertised the most. Think about it…who needs a car, cell phone or fast food?
Love to all!
Mar
posted November 20, 2010 at 6:13 am
PK is another one who obviously hasn’t read anything I’ve written. Anyone who follows this blog knows that I’m a big supporter of Obama. The collapse began in the summer of 2008, two years ago. Obama didn’t take office until January of 2009, 15 months ago. Get with the program, PK!
posted November 20, 2010 at 12:26 pm
I’ll be driving my current junker until it dies. I hope it lasts long enough for me to pay it off. But it’s fun to look at new car commercials. The one with the brat who says his parents should buy a cooler car so they aren’t so lame is funny.
posted November 20, 2010 at 1:25 pm
Regarding the collapse and when it began. The Democrats have had the majority in congress since 2006 as I recall. Isn’t the President and the majority of congress Democrat now? What program should we get with?
posted November 20, 2010 at 2:29 pm
The preferred flavor of Kool Aid has changed. No doubt. But the side effects of sugar overload are consistent and well documented.
posted November 20, 2010 at 11:31 pm
I love the new commercial that just came out this week. It stars Dick Cheney telling you Sarah Palin is not qualified to be President! The grim reaper lives again!! Lets just make Cheney the pres. that way we can be sure of world domination or the end of life as we know it? I ‘ m just sayin,,well it’s one idea I just wanted to throw out there!
posted November 21, 2010 at 12:45 pm
Ice cubes with that kool aid?
posted November 29, 2010 at 1:11 am
Wait a minute. I just heard Obama babbling about how GM has paid back the loans and is out of the fire financially etc. etc. It turns out that according to CBS, they got 50 billion $ and have paid back only 7.4 billion $. Then the CEO says it will take years to pay back.
http://www.financeandmarkets.net/initial-public-offering.html
posted November 29, 2010 at 5:53 am
Jehnavi, I don’t know where you got this information but the IPO on Thursday raised over $20 billion which reduces the federal stake in GM significantly and the administration expects the treasury to be paid back by mid-2012.