I predicted at the beginning of this year that Obama’s popularity would start to wane some time around the end of July and into August. Only today, I read in the press that an opinion poll suggests that his popularity is beginning to diminish.
I predicted that the economic crisis was only at the beginning in March when world stock markets hit record lows. However, I did say that there would be considerable volatility and that there would be money to be made for those who are risk-takers and who really understand the markets. There have been several rallies over the last three to four months and stock markets have risen considerably.
Much of this volatility and false optimism is due to the Jupiter/Neptune retrograde conjunction period. The second of its three passes of this 13 year cycle was completed on July 10th. Indeed most of the world equity markets bottomed between July 8th and 13th, coinciding exactly with the powerful geocosmic cycle.
In other sectors, Gold and Silver continued their rallies as I predicted. However, we have yet to see the substantial increases that I see for Gold. This is more likely to happen towards the end of 2009 when the waning square of Saturn and Pluto takes effect.
The problem with the Jupiter/Neptune conjunction is that is can be incredibly optimistic and altruistic without any evidence of reality to support such faith. It seems like the “irrational exuberance” that Alan Greenspan referred to some years back is coming back to the fore. The problem with Saturn in opposition to Uranus is that it can be very harsh and cynical and makes people very fearful so it is difficult for them to maintain a sense of hope and optimism about the future.
There are two polarities taking place: on the one hand, you have the Jupiter/Neptune people who are in their own little world thinking that everything is going to be just fine. All we have to do is “think it” and “believe it” and it will be so.
On the other hand, you have the Saturn/Uranus crowd who are more sceptical and negative thinking. Where is the middle ground? At the moment, there doesn’t seem to be one as both sides are becoming increasingly polarised.
This is evident in the financial markets right now. The equities crowd sees signs of economic recovery. Some companies are reporting profits again, the rate of unemployment is reducing and many economic reports show the economy is beginning to turn around.
However, the precious metals group shows deep concerns about the possibility of inflation returning, as well as the prospect of another economic shock to the world financial system. To them, this economic recovery is nothing more than a “dead cat bounce” in a longer-term economic contraction. Just because the rate of decline is supposedly not as steep as it was a few months ago, jobs are still being lost, businesses are still going bankrupt, homes are still being foreclosed.
In conclusion, I would advise that despite the cautious optimism of Jupiter and Neptune, and the assurances of various heads of state and financial institutions, this is not a time to be very speculative with your money. It is a time to consider ways of hedging your current investments and protecting your assets.