Summary Of This Week’s Influences/All Times Listed Are Eastern Standard Time (EST)
- General Influences: The week begins with a new cycle of growth and expansion as Jupiter enters Aquarius. Opportunity knocks in unusual and unexpected ways over the next year. Jupiter in Aquarius could expand your circle of friends and acquaintances by connecting with others who share your beliefs and interests. Saturday’s Full Moon in Cancer shines the spotlight on home and family matters. When the Leo Moon takes center stage Sunday afternoon, it’s time to get out of the kitchen and engage in leisure pursuits. Mercury turns retrograde* Sunday morning until February 1, increasing the potential for miscommunications. It’s time to put the RE prefix in front of everything you do: reconfirm, review, revise, revisit, etc.
(My next post is about this Mercury retrograde cycle. In the meantime, click here for last cycle’s Mercury retrograde post as the suggestions are applicable anytime Mercury is retrograde.)
- Stockmarket: Markets shrugged off the dour economic news last week in light volume holiday trading, preferring to look ahead to the unbridled optimism of the upcoming Jupiter/Neptune alignment. This planetary influence is reflected in the ever growing Obama economic stimulus package. Markets went into full bull mode Friday, despite the fact December’s ISM Manufacturing Index came in at 32.4 – the lowest level since June 1980. This was not surprising, since that was exactly one Saturn cycle ago. Saturn’s contracting energies were particularly pronounced as the planet turned retrograde last week, a lesson Microsoft (MSFT) should understand now.
As 2008 came to a close, Merrill Lynch became part of Bank of America (BAC), National City was acquired by PNC Bank (PNC), and Wachovia is now part of Wells Fargo (WFC). Speaking of banks, it now appears that private equity investor Christopher Flowers is ready to actually buy something (after passing on Bear Stearns and Lehman). Joining Flowers is George Soros, John Paulson (who made a fortune betting against the housing bubble), and Dell (DELL) founder Michael Dell, to purchase IndyMac Bank from the FDIC for $1.3 billion. If the deal goes through it will be the first time unregulated private equity has bought a bank without being a bank holding company. The investors will receive seller financing from the government, along with a loss sharing provision where they will be responsible for less than 30% of IndyMac’s losses. The deal was organized by Steven Mnuchin, Chairman of Dune Capital Management, a former partner of (surprise!) Goldman Sachs (GS).
And GMAC, the finance arm jointly owned by General Motors (GM) and private equity firm Cerberus, got their piece of the TARP along with qualifying for bank status to receive more government goodies.
This week markets appear to be more focused on what’s going on in Washington with the stimulus package than on Wall Street. It’s doubtful the market will be much affected by this week’s hearings, beginning Monday at 2 PM when the SEC’s inspector general testifies before a House Financial Services subcommittee about how the SEC missed Bernard Madoff’s fraud. House Financial Services Committee Chairman Barney Frank holds a hearing Wednesday at 10 AM on how he wants the remaining TARP money to be spent. A hearing will be held Friday at 10 AM on FHA oversight of loan originators.
Markets appear to have a positive bias, especially the first half of the week. Thursday could get choppy and weaker over concerns about Friday’s employment report, which could get shrugged off after an initial lower reaction. However, market sentiment is likely to shift and become choppier as Mercury begins its retrograde period January 11 – just in time for earnings season.
Monday, January 5, 2009
- General Influences: With the Moon VOC** until entering Taurus at 10:46 AM, there’s not a lot of motivation to get back into the weekday routine after the holidays. That’s okay because Moon in Taurus energy likes to take things slow and steady. The Moon harmonizing with Pluto and Venus puts the focus on money matters. A phone call or e-communication early this evening could catch you off guard.
- Stockmarket: Positive trend bias.
Tuesday, January 6, 2009
- General Influences: Put yourself out there as harmonious energies between the Moon and Sun can enhance your reputation among influential people. A potential money making idea could get the Taurus Moon to jump off the couch early this evening.
Stockmarket: Mostly positive, but likely turns negative around 3:00 PM.
- Stockmarket: Mostly positive, but likely turns negative around 3:00 PM.
Wednesday, January 7, 2009
- General Influences: Taurus Moon becomes VOC at 1:05 AM. The morning hours favor handling routine matters or taking easy. It’s time to get busy once the Moon enters Gemini at 1:12 PM. Now’s the time to get on the phone or go out and make your sales pitch! A loved one could feel slighted this evening and need some TLC.
- Stockmarket: Positive bias.
Thursday, January 8, 2009
- General Influences: People tend to need variety to keep their overactive minds occupied when the Moon is in changeable Gemini. This is a nervous type of energy, and the Gemini Moon challenging Uranus this evening could only increase any feelings of restlessness.
- Stockmarket: Negative to choppy/mixed conditions.
Friday, January 9 2009
- General Influences: Gemini Moon becomes VOC at 1:40 AM. With the Moon VOC in Gemini, you might want allow some extra time attending to errands and routine tasks as it’s very easy to get sidetracked in chit chat mingling around the office or the neighborhood. The Sun in Capricorn favorably interacts with Uranus. A unique opportunity might present itself today that could help to enhance your professional reputation. Feelings take front and center when the Moon enters Cancer at 1:14 PM. Tensions might arise with a superior or older person later this afternoon.
- Stockmarket: Improving conditions as morning progresses. Begins to weaken in afternoon, and turn negative approaching the close.
Weekend: January 10-11, 2009
- Saturday: People could be more easily irritated early this morning. The Full Moon in Cancer emphasizes spending time with family and attending to things at home. Issues/events occurring now could resurface around February 1. Cancer Moon becomes VOC at 11:27 PM.
- Sunday: Mercury goes retrograde at 11:44 AM. The Sun harmonizing with Saturn today makes it easy to get your work done so there’s time to play when the Moon enters Leo at 12:41 PM. The Moon opposite Jupiter this afternoon favors recreational activities.
*Planets do not really move backward but appear to from Earth’s vantage point.
**VOC (Void-of-Course) = When the Moon (our emotional barometer) ceases to have any major interactions with the other planets before entering a new zodiacal sign. This time period is best suited for anything where NO ACTION OR SPECIFIC OUTCOME is desired, as actions taken during the VOC period might not turn out as planned.