Yesterday, I was at my day job, and while I was pulling a picture of the charging bull down on Broadway around the corner from the New York Stock Exchange, I had a eureka! moment. Even though I’ve been covering financial markets for 30 years and been following astrology for nearly 40, I had never made the connection before.
The bull, which is slang for a trader who believes stocks are rising, is also the symbol for Taurus, which is the Sun sign of the New York Stock Exchange. The Big Board was born May 17, 1792 at 10 a.m. in New York City under a buttonwood tree not far from the existing exchange at Broad and Wall streets and around the corner from where the iconic bull statue is on Broadway.
Don’t ask me about the bear, slang for those who believe equities are headed for a downturn. It will probably take another 30 years to figure out the astrological reason for that.