The News from UAC: Don’t Write Off Detroit Just Yet

General Motors may have lost $3.25 billion in the first quarter, but financial astrologer Ray Merriman thinks GM and other U.S. automakers can get back in the fast lane with hybrids and electric cars.

Merriman told the United Astrology Conference in Denver that he’s optimistic about the prospects for vehicles that use alternative sources of energy such as GM’s concept car, the Volt, a plug-in hybrid. “Detroit is stepping to the forefront. …It’s change or die,” said Merriman in his May 17 presentation on green investing opportunities.

Merriman bases his forecast on his theory that once Uranus moves out of Pisces and into Aries in 2010, new forms of energy will become commercially viable replacements for gasoline. While many in the astrological community have focused on the relationship between the planet Neptune and crude oil, Merriman thinks energy is ruled by Uranus.

It’s interesting that GM’s Volt is currently scheduled to come on the market in 2010, just as the innovative planet of Uranus in moving into the pioneering sign of Aries. So tell those real estate brokers in Grosse Pointe and other upscale Detroit suburbs where hundreds of homes are up for sale that Motown may not become a ghost town after all. The Motor City just has to hang in there for a couple more years, if Merriman’s predictions are right.

It’s worth noting that Merriman could be guilty of looking at Detroit’s future with rose-colored glasses because he lives in the area, but the business press is also anticipating the release of GM’s revolutionary Volt. Here’s an article about GM’s green push that’s on the cover of this week’s BusinessWeek.

Merriman admits that other countries in Europe and Asia are ahead of the U.S. in developing alternative energy systems, but he says, “it seems America is finally catching on.” Once Americans get on board the green bandwagon, the entire mindset of the planet will change and “outstanding investment opportunities” will present themselves, according to Merriman.

The fear of an impending crisis currently gripping the planet is due to a series of oppositions between Saturn and the outer planets that began unfolding in 2001, Merriman says. That’s when Saturn opposed Pluto. Next up was the Saturn/Neptune opposition of 2006-2007. Then it’s on to this year’s Saturn/Uranus opposition, which will continue until 2010.

In previous periods in history when there has been a triple Saturn opposition (1827-34, 1862-75, 1965-72), U.S. and British stocks posted a 46% decline by the end of the period, Merriman said. 

He zeroed in on the so-called Cardinal Climax, a powerful T-square where Pluto in Capricorn is the midpoint of an opposition between Saturn in Libra and Uranus in Aries, which culminates on Aug. 1, 2010. While he didn’t specify exactly what kind of event he is expecting, he said, “We may crack, but we won’t break. The storm can lead to a stronger structure to go forward. …Creation always wins over destruction.”

In the meantime, as I noted in an earlier post, Merriman is expecting crude oil to hit a high of $144 a barrel, give or take $8, possibly in the coming week, as Jupiter in Capricorn sextiles Uranus in Pisces. However, he expects oil to decline by $30 to $40 a barrel by the fall.  “Our addiction to crude oil is killing us, but new energy sources are coming….Innovation is taking us into a brighter future.”

Sounds like there may be a few potholes along the way.

To read more about Merriman’s forecast, click his name on my blogroll.     

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