Stock market update
A few weeks ago I wrote an article in which I forecast that global markets wouldn’t crash in the early Summer. Well, given the performance of the markets over the last few days, it would appear that I’m already close to being wrong. After all, since writing that article, the Dow Jones is down around seven hundred points.
The prime focus of my forecast was an opposition aspect between Saturn and Uranus, which over the last few days has been triggered by the Sun and Mars. I took the view that this was going to be a very tense and explosive time, but I felt that the impact would be political rather than economic. The rioting in Greece is absolutely consistent with what I forecast, though I clearly underestimated how much this instability would impact on market sentiment.
Matters haven’t been helped by the position of Mercury, the planet of communication, which continues to go backwards – it’s not until May 11 that it starts going forward again.
Yet Jupiter is in a stronger position than Saturn, and this continues to be the case for a few months. At least from the point of view of Western astrology.
As far as Eastern astrology is concerned, it’s a different picture. Using the Eastern Zodiac, a few days ago Jupiter went into Pisces. Although it’s strong in this sign, Saturn is in the opposite sign of Virgo. This created immediate chaos, that was played out on the streets of Athens, with the rioting, mayhem and burnings.
In fact, some Indian astrologers would regard Jupiter as being ‘dead’, because it’s right at the beginning of Pisces, and is yet to find its power.
Still, the Saturn-Uranus opposition is losing its strength, and this should ease some of the global tension. I suspect that the global markets will recover accordingly.
Copyright © 2010 Archie Dunlop
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