Dead Cat Bouncing - Stock Market, Friday October 10, 2008

Wall Street suffered its biggest losses ever this week. Lost around 1874 points and 18 percent of its total value. That's a loss of $2.4 trillion dollars lost in market value. (source: http://money.cnn.com/2008/10/10/news/economy/g7_statement/index.htm). I wonder how much in Capital Gains taxes that is.

The G-7 will meet over the Week-end in order to try to figure out how to try to stop the problems. Markets worldwide are suffering similar losses. I guess that's what it means when Jupiter moves into the 2d House of the Wall Street opening Bell chart. The problems went international as soon as it did. Not what I was hoping for. People are now realizing how the World is interconnected financially and are talking about the "Global Economy" rather than the "National Economy."

Today's Market showed a lot of volatility. My amounts may not be totally accurate. I wrote them down while watching a man on CNN point to a chart and while drinking a beer. According to my bad hand writing and inebriated state the Market started the day by immediately dropping almost 700 points; then immediately went up to 43.89 points above opening levels. By 1:54 it was down 595 points and was up above opening levels by 322 points. By Closing Bell at 4:00 it closed down a "mere" 128 points.

So this forced me to look at what the charts are doing through out the day.

Venus in Scorpio is conjunct the Ascendant at opening Bell for what seems like forever. Venus has been squaring the Nodal Axis with NN conjunct Chiron to the degree and Neptune and the IC. When the Market closes, Aquarius is Rising with this Nodal Stellium in conjunction and with Venus still squaring from H9.

The Saturn-Uranus opposition starts and ends the day angular. At Opening Bell Saturn is up in the 10th House opposing Uranus in the 4th House. Saturn is in its own house and with Aquarius on the IC cusp Uranus rules that house. At closing bell, Uranus is in the 1st House which it rules and opposing Saturn in the 7th house.

Today both Mars and Pluto started the day unaspected by major aspect to other planets. Pluto rules the Opening Bell Chart and is placed in the 2d House of Finance.

The CNN experts say that the volatility shows that the Market may have hit bottom. Buyers are buying some of the better known stocks. A 20 year old called in on the show and asked if this was a good time to get in on the market. I think I had heard on NPR a bit earlier that Citigroup and GE had posted a gain of 10 percent today but haven't checked.

This is what I pulled from CNN News. Numbers would need to be double checked for accuracy:

Opening Bell, 9:30 am: Market drops down to 697 points.

Venus in Scorpio conjunct Scorpio ASC squares Moon 24 Aquarius conjunct Neptune and Aquarius IC.
Mars in Scorpio unaspected in House 12. Pluto in Sagittarius unaspected in House 2.
Saturn - Uranus opposition crosses H10-H4 angles.

10:12 am: Market up 43.89 points

24 Scorpio Rising. Venus has passed up into H12 and is still in conjunction
Mars is still in H12 and making sextile aspect to Virgo MC.
Pluto is unaspected in H2

1:54 pm: Market down 595.13 points

12 Capricorn Rising. Jupiter in conjunction at 15 Capricorn (H1)
Pluto in H12 making sextile aspect to Moon in Aquarius (H2)
Mars 5 Scorpio conjunct MC 7 Scorpio and otherwise unaspected.

3:36 pm: Market up 322.18 points

12 Aquarius Rising conjunct Chiron-NN at 17 Aquarius.
1st House is loaded with Chiron-NN-Neptune-Moon in Aquarius and Uranus in Pisces
Mars has passed into H8 and is aspecting Ascendant
Uranus-Saturn opposition is angular from H1 to H7
Sun-Mercury Rx conjunction is in H8; squaring Jupiter and trining NN

4:00 pm: Market is down 128 points

21 Aquarius Rising conjunct Neptune 22 Aquarius-Moon 28 Aquarius. Venus squares from H9.
Mars (H8) & Pluto (H11) both with wide aspects to Moon.