Saturday, July 4, 2009

Optimism or Pessimism??

We are still experiencing the second passage of the 13-year Jupiter Neptune conjunction. It is coming up to its peak on 10th July 2009. This means that investors are in a fog, waiting for something to either confirm their greatest hopes that the economic recovery is unfolding, or their greatest fears that the improving markets and economic conditions of the past four months have been nothing but an illusion. Right now it appears that the hopes (Jupiter/Neptune) and fears (Saturn/Uranus) are about equally balanced.

By the time we reach mid-September, or at the latest, November 2009, we will once again have to face the hard realities are Saturn is in opposition to Uranus and coming up to square Pluto. This doesn’t mean failure and disappointment are inevitable. But it does mean that people around the world will expect to see real signs of economic progress, instead of just hot air. They will expect numbers – and not just words – to have some substance. The USA reported almost half a million job losses in June – and remember, that is the reported figure which always ends up being much lower than the actual one. Unemployment is at 9.5% in the USA and this trend is consistent with transiting Saturn (loss) in Virgo (work) an astrological condition in effect from September 2nd 2007 until October 29th 2009. The good news is that we are approaching the end of that transit of Saturn through Virgo. The less good news is that Saturn will then move into a waning square hard aspect with Pluto from November 2009 until August 2010. The jobs picture may start to bottom, but the debt problem indicated by Pluto is likely to worsen.

In January 2010, Obama is due to announce his decision about whether to re-appoint Ben Bernanke as the head of the Federal Reserve or to choose someone else. It is at that point when we will see who has the real power in the USA. With Mercury in opposition to Pluto in the USA’s solar return, and the Jupiter-Neptune conjunction being squared by Moon in Scorpio, I think we will see a power struggle like we have not seen in a very long time. Expect a lot of leaks in the press that portray certain leaders in a negative light. It may be a dangerous time for people in top positions, especially those who are controlling public and private monies.

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