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New York is full of
people who make big decisions about billions of dollars. To the person on the
street, these decisions look rational, like something that's part of a bigger
But the course of
true investing never did run smooth, and there are some traders who look to the
stars to tell them what to do. Financial astrologers like Karen Starich say
traders know they're up against a lot of rich, smart people.
"They want to
have that edge," she says. "They want to know what the future
$237 annually for her newsletter, which 300 traders subscribe to for news of
what will happen to the stock prices of companies, or even bigger, to the
Federal Reserve. She sees dark times ahead in the Fed's horoscope.
"They now have
Saturn squared to Neptune, which is really bankruptcy," Starich explains.
money. But when Saturn shows up in a chart, it indicates restriction. So for
the Fed, that means the "fiscal cliff is here, and there’s no place to go
except to print more money or unravel these financial institutions,"
Of course, a lot of
Wall Street traders, and others, don't want it to be known that they're relying
on anything other than their own talent. Arch Crawford, a financial astrologer
who actually got his start on Wall Street as a stock analyst at Merrill Lynch,
recalls one subscriber asking for his newsletter in "brown paper
Crawford warns his
2,000 subscribers particularly against the dangers of Mercury in retrograde, a
time when the planet appears to be going in reverse across the sky. The
phenomenon, which happens three times or more a year, indicates a month when
communications will be screwed up. He warns his subscribers never to start
anything new during that time. He points to the fact that Knight Capital
launched a new software program in August, when Mercury was in retrograde, and
the brokerage firm nearly went out of business. He also notes that most major
market glitches have happened while Mercury was in retrograde.
people would say yes. Financial astrologers don't say they have all the
answers. They say instead that they see a range of possibilities. Human action
can change them. As Shakespeare once wrote, "our faults lie not in our
stars, but in ourselves."
About the author
Heidi N. Moore is the New York bureau chief and Wall Street
correspondent for Marketplace, where she reports and writes about the culture
of banks, companies, financing and markets.
WHAT? Really? On Marketplace? I said all that (and more) while listening to
Heidi Moore's piece on the radio; and I used to think she had a least a
triple-digit IQ. She actually sounded sympathetic to the bozos who purvey this
nonsense. Sounds like she reads her horoscope everyday - that tells us
something, I suppose. Why not do some real reporting - who are the idiot
traders who use astrologers (or psychics, or read chicken bones, or whatever);
perform a little public service, Heidi, and give your listeners some useful
insights. Or, challenge the scam-artists - is there really any actionable
information in "warns his subscribers never to start anything new"
when Mars in retrograde (...3 or 4 months out of the year!); maybe something
like - don't take on any new clients, or don't start analyzing a new stock,
This is sad; very,
very sad, IRONIC…..IMAGINE POOR EASTERN EUROPEANS LOOKING AT THIS L
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