Wednesday, July 21, 2010
How's our money?
In about an hour Saturn will leave Virgo and upon immediately entering Zero Libra will up the grind with Uranus (zero Aries) and also begin judo kicking Pluto.
Of course Jupiter is already taking swings at Pluto and next week Mars gets in the mix. This will impact us everywhere but we continue to hash out business/government and money. Interestingly, today as Saturn ups the tension, Obama will sign the Wall Street Reform bill. The thrashing out and passing of this bill ties in to the Saturn/Uranus oppositions of the last two years (final one next week). Of course, it sounds fine on paper (sort of) but I think there are many Americans who wonder, "Sure it says reform, but is it?". Coincidentally, today Ben Bernanke is scheduled to testify before congress and present the Fed Reserve's semiannual report. Are we heading for a double dip recession? What will extending unemployment do to the economy? (if that gets signed) and what is our interest rate future? All of those will be discussed. Check out Cspan for more on it.
If you have not gone over to Ray Merriman's weekly report, I strongly encourage you to give him a read. Here's a snippet
On July 23-24, Jupiter will go stationary retrograde, in exact square to Pluto. Pluto rules debt and the potential of loss through destruction (i.e. drought, for example), and Jupiter exaggeration. On Monday, July 26, Saturn will make its fifth and final opposition to Uranus, a 45-year cycle that coincides with sudden, unexpected events and a possible crisis. Uranus with Saturn also rules things like earthquakes, tornadoes, hurricanes, and natural acts of destruction when Pluto is also involved – as it is in this case. I would love to tell you with confidence that this means the market will be wildly up or down. But with Uranus, you never know which, and oftentimes it is both in a short amount of time, as we have already witnessed as of late. Anyone who thinks they really know, simply doesn’t know. There are far too may scenarios possible to make this a high confidence trading environment. Sometimes the most valuable thing an analyst can advise is step aside, avoid the risk, and wait it out. But no one wants to pay to hear that.
So let me say it really simply. We are entering a time band of perhaps the most powerful geocosmics signatures of a lifetime. We’ve never seen anything quite like what we are about to witness in the next month. So we don’t really know what to expect, except the unexpected. Normally we might think the Saturn-Uranus opposition would be a crash, and it might be. The previous four times in this series, it has correlated with a crest (not a trough), and after three of those times, the DJIA fell over 1500 points within the next 3-6 weeks. If you want to trade, you have to be nimble and ready to reverse quickly, perhaps on an almost daily schedule. If you cannot handle the stress of risk, stay out and watch this cosmically historical pattern unfold, and watch with amazement at the types of human activities and financial market movements that will likely unfold – assuming they don’t do the unexpected and absolutely nothing of note happens.
Please go here at Merriman Market Analyst