Summary Of This Week’s Influences:
If you want people to pay attention to your message, say it at the time of the Full Moon. Monday’s Full Moon is “supercharged” as it is a Lunar Eclipse. It’s show time as the eclipse occurs in dramatic Leo. Leo represents leaders, and the world will be paying close attention to what two Solar Leos (President Obama and Treasury Secretary Geithner) have to say this week.
Eclipses are harbingers of major change and their influence tends to last for about six months. With the Moon opposite the Sun conjoining Neptune in Aquarius, events occurring now tend to be confusing and misleading. Neptune energies can be deceitful which is how the administration is behaving by once again postponing release of the banking plan until the Senate approves the stimulus bill. For the USA, Monday’s Lunar Eclipse at 9:49 AM EST indicates that the administration is keeping a lot of information about this banking plan and how much money it will cost secret. The President and his advisors know that if Treasury Secretary Geithner presents the plan before the stimulus is voted on, many Senators of both parties would start to jump ship or want to cut a lot more out of the pork laden bill.
Neptune also symbolizes hope and idealism. This formed the whole basis of Barack Obama’s presidential campaign as the President was born with the Sun in Leo challenging Neptune in Scorpio. Since winning the election, President Obama has done a 180 degree turn and now liberally peppers his speeches with language meant to incite fear in an effort to push the Senators to approve the stimulus bill. Change has indeed reverted to the status quo.
In the eclipse chart, the Moon in Leo in the house representing speculation opposing the Sun and Neptune in the house representing Congress, reflects fluctuating and volatile conditions in the stock market due to the uncertain and erratically charged environment in Washington.
Beyond the stimulus bill and the financial plan, the media will no doubt have a field day over Wednesday’s dog and pony show when the original TARP recipients testify before the House Financial Services Committee. (The Financial Times reports that all the CEOs will take public transportation to DC.) What’s more important to follow is the Treasury’s $67 billion auction Tuesday through Thursday that includes new 3 and 10 year notes and the 30 year bond. If the auction does not go well it’s not a good sign for the Jupiter-sized (close to $500 billion in first quarter 2009) Treasury auctions that will inevitably come in the future to support the stimulus bill and the next generation banking plan. The Federal Reserve could end up as the buyer of last resort at the auctions. Strong Neptune energies tend to raise interest rates.
Monday, February 9, 2009
Positive and strongest early in session but could weaken and turn negative in the afternoon.
Tuesday, February 10, 2009
Choppy/mixed to mostly positive; weakens in afternoon.
Treasury Secretary Geithner is scheduled to testify about the TARP before the Senate Banking Committee at 10 AM. Fed Chairman Bernanke will speak before the House Financial Services Committee at 1 PM on the Fed’s liquidity measures. The Treasury will auction $32 billion of new 3 year notes for the first time since 2007.
Wednesday, February 11, 2009
Volatility increases, creating wild swings in either (or both) directions, but more likely to the downside. Treasury holds a $21 billion auction of 10 year notes, making today’s auction the most telling.
CEOs Lloyd Blankfein/Goldman Sachs (GS), Jamie Dimon/JPMorgan Chase (JPM), Robert Kelly/Bank of NY Mellon (BK), Ken Lewis/Bank of America (BAC), Ronald Logue/State Street Corp. (STT), John Mack/Morgan Stanley (MS), Vikram Pandit/Citigroup (C), and John Stumph/Wells Fargo (WFC) will testify before the House Financial Services Committee at 10 AM.
Thursday, February 12, 2009
Choppy/mixed to negative trend which could be due to rising interest rates.
Treasury holds a $14 billion auction of 30 year bonds.
Friday, February 13, 2009
Choppy to mildly positive. (Bond market closes at 2 PM.)
Related Post: “Aspects Further Stressing the Banking System”