As my bio states on the “About” page, I’m not a registered investment adviser and any financial advice dispensed here is for entertainment purposes. Got that?
Having repeated my boilerplate for the Securities and Exchange Commission, I want to say that if there were ever a time to move out of stocks and into cash, this is it.
Even with the recent uptick in the U.S. dollar, I’m not sure that dollars are the place to keep your cash, but that’s another post. (See “The Word at UAC in Denver: The Dollar is Toast.”)
The Aug. 16 eclipse at 26 degrees of Aquarius looks very bad for Wall Street, not the least because it squares the natal Sun of the New York Stock Exchange chart. The Neptune conjunct Moon in Aquarius in the second house of resources and opposing the Sun in the eighth house of other people’s money suggests dissolution and deception down on the corner of Broad and Wall.
Perhaps the group that my financial friends call the “Plunge Protection Committee” has run out of tricks to keep the market aloft. A number of commentators including Jim Kunstler have compared today’s economy to the Wile E. Coyote cartoon where it takes him a while to figure out that he’s run off the cliff.
Nobody says it better than Jude’s Threshold in this post.
Market maven Ray Merriman notes there is a nice Venus/Jupiter trine on Aug. 16, but he doesn’t think it offsets the powerful Sun oppose Neptune in the eclipse chart. You’ll find his market commentary for this week here.
This is not a forecast for short-term traders, mind you. The trines between Jupiter and a bevy of planets in Virgo could keep the market above 11,000 well into October. Savvy traders always follow Merriman. This call to cash is for the rest of us, those of us who don’t want our 401(k)s to get trimmed by a third by yearend.