ASTROLOGY BY JAN WARREN ALLEN
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SEPTEMBER 14, 2008
Last week I wrote about how the U.S. chart I follow..for the signing of the Articles of Confederation..November15, 1777..12:46 pm ..York Pennsylvania has revealed the financial troubles we have experienced so far. Now that we are past the aspects that tied into the government taking over Fannie May and Freddie Mac, there was another dire aspect in play today. So I have constructed a triple chart-the inner ring is the U.S. natal chart-the middle ring is the progressed chart - and the outer ring is for the Full Moon earlier today (the 15th) at 22 Pisces 54 which set off a new crisis. As we see the Full Moon forms a T-square to progressed Mercury (rules the 5th house of speculation) at 22 Gemini 50. This resulted in a stunning makeover of the Wall Street landscape that sent stocks falling precipitously today with the Dow Jones industrials losing 500 points in their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
The pullback, which erased about $700 billion in shareholder wealth, occurred across much of the globe as investors absorbed Lehman's bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for $50 billion in stock. While those companies' situations had reached some resolution, the market remained anxious about American International Group Inc., which is seeking funding to shore up its balance sheet. A faltering of the world's largest insurance company likely would have implications far beyond that of Lehman, already the largest U.S. bankruptcy in terms of assets.
The swift developments that started on Sunday are the biggest yet in the 14-month-old credit crisis that stems from now toxic subprime mortgage debt. For the first part of Monday's trading, the market was falling, but in a largely orderly fashion as investors seemed to draw some relief from the resolution of Lehman's problems. As the session wore on, and there was no word about AIG, the market suffered another bout of fear that the credit crisis will continue to devastate the financial sector. Selling accelerated in the final hour and then took on more momentum as stock indexes broke through lows set in July — an ominous sign for some traders.
Besides that transiting Jupiter at 12 Capricorn 37 still conjoins natal U.S. Mars, which goes on to oppose the progressed U.S. Sun at 12 Cancer 32 (homes) in the 5th house of speculation. So the home mortgage debacle is still ongoing and this in turn ties into the unemployment and inflation numbers going up.
The effects of this full Moon works for two weeks, but in the meantime, the Sun comes up to 26-28 Virgo this weekend September 19-22 in the 7th house to conjoin U.S. natal and progressed Neptune (oil) at those degrees and go on to square transiting Pluto (nuclear affairs) at 28 Sagittarius 30 which sits on the progressed U.S. south node and 11th house cusp. I don't even like to think what this might manifest as; but it could correlate to more bad financial news, as well as an escalation of the the confusing North Korean and Iranian situation.
At the same time, (this weekend) transiting Saturn at 14 Virgo 05 comes up to square U.S. Uranus at 14 Gemini 05, also in the U.S. 4th house. Hopefully we won't have any earthquakes or any other unexpected upheaval and turmoil to deal with. So stay tuned folks, as it surely won't be a boring week ahead!
