Sally Cheyne McDonald
Astrologer, Lecture, Writer
@1999
Look for some bombs to drop on Wall Street soon. Most of us are familiar with the astrological patterns setting up; namely the eclipse’s of July 28th and August 11th. Prior to those ominous signals, there are several other astrological signs pointing toward a Wall Street devastation Those who are familiar with the Silby chart for the US are familiar with the 27 Capricorn degree of Pluto in the 2nd house opposing Mercury in the 8th house. The chart for the NYSE shows Neptune in the 2nd, opposing Saturn in the 8th. Both of these planets are in late degrees of cardinal signs. Mars travels its retracement pattern over those degrees, opposed by Jupiter (the bubble that burst.) We are not without red astro flags all over the sky
Look for dramatic drops in the “tulip” companies, namely the Internet stocks, when Saturn squares Uranus in 2000, in fact look for downright fraud in the good ole Corporate US of A. If you stay with the Internet companies, research their horoscopes before investing. There are but a few worth buying on serious market dips.
There are however, more than one or two techniques for measuring the stock market and they all point to a major correction. The fall could come all at once or a slow escape of air from the stock market bubble. Perhaps we are in a period of time that no harsh effects will ensue from current overvaluation, then again it might be time to pay the piper. With the eclipses on the horizon, I am of the opinion it will be the piper.
There is a current pattern that is very similar to the pattern leading up to the 1987 crash. July 7th is the 55th calendar day after the all time high on May 13th, and that matches up with other crash waves. If the Dow can make a new high without a lagging SPX on June 23rd, then the crash may not happen until after the July 28th eclipse, but if it cannot make that high, July 7th appears to be a major decline.
I don’t suggest what people should do with their money, but I do express my opinion on observable trends. I also know that anyone, who takes their profits now, will be able to buy back into the market at reduced prices. I’ve heard it said “invest in Europe and trade in the US.”
I would like to offer an interesting quote from the New York Times from September 5, 1929. The gentleman quoted was Professor Irving Fisher of Yale University. He was a leading economist in the 1920’s and acknowledged as a stock market expert: “ There may be a decline in stock prices, but not anything in the nature of a crash. We are living in an age of increasing prosperity and consequent increasing earning power of corporations and individuals. This is due in large measure to mass production and inventions such as the world never before has witnessed. The rapidity with which worthwhile inventions are brought out is the result of the tremendous research laboratories of our great technology companies. Applications of these inventions to business means greatly enhanced earning power. This is a new and tremendously powerful factor in the business world and one which never before existed.” The Dow Jones fell 47% in less than ten weeks from the date of that quote. It certainly gives one food for thought.
As astrologers, we know history repeats itself. An interesting note to add to the many interesting notes for the year 2000, take a look at the new and full moons of January 1900. January 1, 1900 was a new moon at 10 degrees Capricorn. A full moon on January 15, 1900 at 25 degrees Cancer and on January 31, 1900 and new moon at 10 Aquarius. Now turn your attention to July 2000, and the three eclipses we have that month. July 1, 2000 a new moon and solar eclipse at 10 degrees Cancer. July 16, 2000, a full moon and lunar eclipse at 24 degrees Capricorn, and July 31, 2000 and new moon solar eclipse at 8 degrees Leo. Notice the nearly exact oppositions to the January 1900 positions. This looks to me as if we are going into a reaping cycle, reaping what we have sown. I’ll write more on that later.
Sally Cheyne McDonald
Astrologer, Lecture, Writer
@1999
Reprinted with Permission
SPECIAL NOTE: When I wrote this column for the Equinox in London in 1999, it wasn’t a premonition of 9/11 or I would have said so.