Summary Of Last Week’s Influences:
As stated in last week’s Forecast and elaborated on in more detail in the Sagittarius New Moon cycle post, the influence of Jupiter conjoining Uranus in Pisces and favorable aspects between Mercury in Capricorn, Venus in Scorpio and Pluto in Capricorn kept the market upward bound. Venus rules banks, and the financial sector was a big gainer last week. Capricorn rules government and Pluto and Scorpio rule debt. The government sold its remaining shares in Citigroup (C), and AIG reached agreement with the government to repay its loan to the NY Fed and the government will begin selling AIG shares in 2011. Meanwhile Bank of America (BAC) restarted some foreclosures.
The indices closed up for the week, with the Nasdaq at 2,637.54 closing at its highest level since December 31, 2007 while the S&P 500 closed at 1,240.39 – a level not seen since September 13, 2008. The indices began the week slightly shook up by remarks made by Federal Reserve Chairman Ben Bernanke in an interview on 60 Minutes. Although Wall Street was overjoyed Monday evening when President Obama announced he had reached a tax cut deal with Republican leaders, both events increased long-term Treasury yields.
I mentioned last week that China dot.com stocks are reprising the internet bubble of the late 1990s, and so is Chinese day trading. Despite the surge in value of most Chinese internet IPOs that debut in New York last week, the Shanghai Composite is down 10% from its November 8 high. A U.S. Embassy cable from March 15, 2007 posted on WikiLeaks quoted Vice Premier Li who will be the next leader of China in 2013, admitting that China’s GDP figures are “man made.” China’s “official” rate of inflation for November was reported yesterday and came in at 5.1% and producer prices at 6.1% which means inflation could be running even higher than reported. Either way, trouble ahead in China translates to trouble ahead for the U.S. stock market. If China doesn’t raise rates to cool things down it will stir inflation fears. If China does raise rates and things start to slow, U.S. multinationals operating in China will experience slower sales growth. YUM! Brands (YUM) said rising wages are increasing the cost of doing business in China and expects its costs in 2011 to increase 10% or higher.
Fridays are ruled by Venus (money; banks). Venus also rules the kidneys. Saturn conjoining Treasury Secretary Timothy Geithner’s progressed Sun in Libra* can increase the potential to develop ailments that can be aggravated from increased work responsibilities. Geithner was born with Mars (inflammation) in Libra which can increase the tendency to face health issues connected to the kidneys. Mercury and Mars had squared Geithner’s natal Mars in Libra this week and as Mercury turned retrograde Friday, Geithner was hospitalized to have a kidney stone removed.
Summary Of This Week’s Influences:
The S&P ending where it closed on Friday, September 13, 2008 coincides with Monday’s First Quarter Moon in Pisces at the same degree as the September 15, 2008 Harvest Full Moon when Lehman Brothers collapsed (see the New Moon post for more info). Hospitals, drugs, prisons, oil, scandals, fraud and suicides are themes that could be prominently in the news now.
While the Moon’s conjunction to Jupiter and Uranus can increase the euphoria, the bubble can get pricked as Mercury conjoins Mars while Mars conjoins Pluto in Capricorn. President Obama announced the tax cut deal the day after Mercury conjoined Pluto. Now as the Senate is scheduled to vote on the bill Monday, Mercury (legislation) retrograde repeats its conjunction to Pluto (taxes).
Tuesdays are ruled by Mars, the planet of action and assertiveness. The Moon will be in Mars-ruled Aries then, squaring Monday’s conjunctions of Mercury and Mars to Pluto. Events can become heated and contentious as there’s a strong desire to exert power and control over others, especially by governments (Capricorn). The FOMC statement will be released at 2:15 PM. It is likely that a more vocal dissent amongst members will emerge from the behind the scenes that will surface at a later date.
A London court hearing is scheduled for WikiLeaks spokesperson and editor-in-chief Julian Assange Tuesday who is being held without bail on charges of having sex with two women after they withdrew their consent which is considered a criminal act under Swedish law. (Interestingly, the charges against Assange were initially brought forward when Mercury last turned retrograde on August 20 and revoked the following day before the investigation was reopened by the Swedish prosecutor September 1.)
Beyond Assange, the whole WikiLeaks issue illustrates the U.S. needs to exert greater control over access to government documents and tighten online security. While the leaks are embarrassing to the U.S., mostly they provide confirmation on issues long suspected such as China’s economic data. The U.S. government and corporate America are also not prepared for cyberattacks which will rapidly increase when Uranus moves into Aries in March as cyberspace (and outer space) become the new battlefields.
Thursdays are ruled by Jupiter, the day the Sun in Jupiter-ruled Sagittarius squares Jupiter in Pisces. Conditions are greatly exaggerated, with a bias tending to the upside. Leaders (Sun) overpromise and overspend as these energies are inflationary. The Sun squaring Uranus (exact Saturday) tends to bring about surprises and unexpected and even defiant behavior from leaders. People born with the Sun square Uranus such as Iran’s Ahmadinejad, North Korea’s Kim Jong-il, and Julian Assange command center stage for their unique, eccentric and rebellious behavior are more likely to be prominent in the news now. (Likewise, there could also be people prominent in the news this week born with the Sun square Jupiter.)
The Moon will be in Venus-ruled Taurus Thursday and afternoon and Friday, the day of the week ruled by Venus. The Moon in Taurus puts banks in focus on quadruple options expiration day.
Putting it all together, the planetary influences this week are likely to result in large moves that take the market unexpectedly beyond the boundaries in either direction, increasing volatility as the current bullish sentiment could hit some turbulence.
Monday, December 13, 2010
Tuesday, December 14, 2010
Wednesday, December 15, 2010
Improving conditions as day progresses.
Thursday, December 16, 2010
Positive trend bias.
Friday, December 17, 2010
Choppy/mixed to positive.
*A mathematical calculation that moves the planets forward in time as a method of prediction.
Timothy Geithner: August 18, 1961 time unknown New York City