Summary Of Last Week’s Influences:
The Moon represents our emotional needs and what makes us feel secure, and has twelve ways to express these energies.
With last Monday’s Lunar Eclipse in theatrical Leo, Treasury Secretary Geithner was supposed to announce the Administration’s Financial Stability Plan (the new name for the TARP). But at the last minute President Obama decided to postpone Geithner’s announcement until Tuesday in order to keep Congress focused on passing the stimulus plan.
By the time Geithner gave his speech at 11:00 AM the next day, the Moon had entered Virgo. If there’s one thing that drives the Moon absolutely crazy in this sign it’s a lack of details! And the sliver of detail that did emerge was enough to make the indices go into cardiac arrest. Mention “stress test” and both human bodies and banks start feeling anxious. (Eclipses in Leo can literally represent matters of the heart, and Virgo rules health.)
Then the Moon moved into Libra Thursday and Friday. As the sign representing balance, fairness and diplomacy, it was becoming blatantly obvious that what was not fair and completely missing from the stimulus bill, the Financial Stability Outline, and Congressional hearings was a plan from the Administration to stem the tide of foreclosures by keeping people in their homes where financially feasible. The DJIA was down almost 250 points just after 3:00 PM Thursday before a story came out on Reuters that the administration was working on a plan to “subsidize” mortgages. With the Sun conjoining Neptune in Aquarius, the market was willing to put hope into a potential rumor or vague idea to push the indices (except the Dow) into the green.
To close the week in true Libra fashion, the House and then the Senate late Friday night passed the $787 billion compromise version of the stimulus bill.
Summary Of This Week’s Influences:
Obama’s key advisors were doing the Sunday morning talk show circuit to dial down the huge hype the Administration had themselves created over the stimulus package. The Moon in Scorpio this weekend helps to bring what’s been kept under wraps to the surface, whether its David Axelrod admitting the stimulus will “take time” to take effect, or Senator Burris admitting that former Illinois governor Rod Blagojevich’s brother asked him to raise campaign money for the governor during the time he was deciding who to appoint to fill the Senate seat vacated by President Obama.
The stock market this week is likely to be choppy and unsettled which could be due to a lack of clear direction from the Administration. Strong Jupiter influences Tuesday and Wednesday can create larger market moves.
Monday, February 16, 2009
Stock market closed for President’s Day. President Obama kept saying he wanted Congress to pass the stimulus bill in time for him to sign on President’s Day. Now the President has decided to sign the bill tomorrow when he will also give a speech on the economy.
Tuesday, February 17, 2009
Choppy/mixed to positive trend bias. However, Mars conjoining Jupiter today can create rapid and larger market moves in either or both directions. In a general sense, this planetary alignment is a confidence booster, especially with the Moon in Jupiter-ruled Sagittarius today. Geopolitically it can create explosions and uprisings by militant factions. Uranus in Pisces challenging the USA’s natal Mars in Gemini at this time can create explosive situations of all types, along with increased military involvement.
As the largest planet in our solar system, Jupiter does everything in a big way, and Jupiter in Aquarius and its planetary ruler Uranus scientifically and technologically innovative and out to break records. So it is fitting that President Obama will sign the nation’s biggest spending bill ever today at the Denver Museum of Nature & Science.
Mars represents manufacturing and mechanical engineering, and today is the deadline for Chrysler and General Motors (GM) to submit their viability plans to pseudo “car czars” Geithner and Larry Summers. As I wrote in a three part post on the automakers, March seems to be more of a crucial time for Detroit then right now.
Wednesday, February 18, 2009
Choppy/mixed; negative trend bias, but could see improvement in mid afternoon. President Obama is scheduled to announce the Administration’s housing plan in Phoenix.
Fed Chairman Bernanke will address the National Press Club at 12:30 PM EST. The Fed has been a major bubble enabler, so it’s highly symbolic that Bernanke’s boyhood home in South Carolina was just sold after foreclosure. (And who knew Ben waited tables growing up at South of the Border!) At 2:00 PM the Minutes from the January 28 FOMC meeting will be released.
Thursday, February 19, 2009
Choppy/mixed to positive trend bias in morning, which could weaken and turn negative as caution and fear sets in the afternoon.
Friday, February 20, 2009
Options Expiration. Choppy/mixed conditions improve as day progresses. This could be due to the possibility of some type of deal or alliance proposed or agreed upon.