The Passive Aggressive Bell

The Market tanked more than 600 points today in reaction to the downgrading of the U.S. Credit Rating. President Obama spoke and said that the reason for the downgrading was not because the U.S. cannot pay her bills, it's because of the lousy politics. We're blaming this mostly on the Tea Party. They're a great place to start but I can think of a few more folks who could take the blame as well. With Saturn in Libra in the first house of the chart it makes sense that politics could be involved. Certainly placing blame is.

Opening Bell
Aug. 8, 2011 9:30 am New York, NY

Sun 16 Leo; Moon 13 Sagittarius; ASC 27 Virgo; MC 26 Gemini; NN 23 Sagittarius

Hey, Sun in Leo. Those who bought gold are cashing in.

There are two ugly signatures here.

I've seen before that Mercury-Venus conjunctions often accompany crashes in the Stock Market. I suspect that is just because these two rule the Markets together and show that people are more likely to make trades on those days. Right now we're in an extra long conjunction of Sun-Venus and Mercury is moving Retrograde. This conjunction will last for pretty much the rest of the month.

Also of concern is the Mars-Pluto opposition. Mars is at 4 Cancer opposing Pluto 6 Capricorn. Mars is generally pretty disruptive when in the sign of Cancer because the combination of Mars in Moon ruled sign generally signals volatility. Mars is also out of bounds and will continue to be out of bounds for most of the rest of the month.

Mercury Stations Direct around Aug. 26. Mars drops down below the Ecliptic around Aug. 21.

Right now, Mars is opposing Pluto and this opposition is layered over the 4th-10th House angles of the chart with Pluto in the 4th House. What a great time to pull the rug out from under Wall Street's feet. Saturn is roughly squaring that from the 1st house and Uranus from the 7th House. So, the angles are loaded and someone's shifting the poles.

With Virgo Rising Mercury currently rules the Opening Bell charts. And then Venus will rule the Opening Bell Charts. And as I said these guys are going to be in conjunction for a while. They will be opposing Neptune-Chiron in Aquarius/Pisces. This will affect the 5th and 11th Houses.

Chart leader is Mercury Rx placed in the 12th House. An announcement from a secret enemy.

Jupiter's hanging out in the 8th House in Taurus and the Moon and NN are in Sagittarius in the 3d House. The Moon is fast at 14 degrees 09'. The rich are getting richer. This is just one big pony ride for some folks.