ASTROLOGY BY JAN WARREN ALLEN

November 21,2008

This week has been unforgettable in the financial markets.  On Wednesday, The Dow Jones Industrial Average dropped 427 points, the S&P 500 lost 52 points and the Nasdaq Composite fell 96 points.

Underlying concerns about the battered financial sector  continued to weigh on the market after Treasury Secretary Henry Paulson said the outgoing administration won't use some of the $700 billion from the Troubled Assets Relief Program to buy debt securities.

Then , on Thursday, U.S. stocks nose-dived into the close, with the S&P 500 Index ending at its lowest level in more than 11 years, after it  appeared unlikely Congress would quickly approve emergency loans for ailing automakers. So on those two days the market lost 10 percent of its value.

This is all reflected the U.S. chart I follow. That is the suggested chart of deceased astrologer David Solte, and is for the signing of the Articles of Confederation which happened on November 15 1777..12:46 PM..York, Pennsylvania.

I have constructed a triple chart. The inner wheel is the natal chart..the middle wheel is the progressed chart, and the outer wheel is for the last full Moon which was on Thursday, November 13th at 21 Taurus 17 (the money sign); falling in the U.S. 3rd and 9th houses axis. Since then we have gotten mixed signals in the media about who should get bail out money, or bridge loans, or who should just be allowed to go bankrupt etc..

Notice that it is only 2 degrees shy of the U.S. Sun at 23 Scorpio 46 (the sign of banks), and goes on to form a T-square to transiting Neptune at 21 Aquarius 30 in the 1st house (the people) . Talk about authorities confusing us in trying to fix this mess!                        

The Sun represents the President, and it is an akward timeframe as President Elect Obama has stayed behind the scenes and has not stepped up to the plate which created a perceived power vacuum.

At the same time, we had transiting Pluto moving up to 29 Sagittarius 33, just 1 minute past the U.S. 11th house cusp, which represents the national purpose of Congress. It is 1 degree past the progressed U.S. south node-opposed to the progressed north node, and goes on to T-square natal Neptune at 28 Virgo 43. More frustration and confusion about how to best fix our financial problems.  

What further reinforces all of this is the transiting nodes at 13 degrees of Leo and Aquarius which form a fixed grand cross to the natal U.S. 3rd and 9th house cusps.

in the midst of all of this financial craziness, on Wednesday and Thursday of this week, transiting Mercury (ruler of the 5th house of financial markets) came up to conjoin the U.S. Sun at 23 Scorpio and then moved up to 25 degrees of Scorpio to reinforce the square to U.S. natal and progressed Jupiter.                          

But today (Friday) we got past that square aspect and Obama finally started to announce his Cabinet choices. When it was announced that New York Federal Reserve chief Timothy Geithner would be named the next Treasury Secretary, Wall Street staged a strong late rally as traders cheered the news. The Dow Jones Industrial Average vaulted 494.13 points (6.54 per cent) to close at 8046.42, ending the week on a positive note after two days of brutal selling.

The Nasdaq composite climbed 66.23 points (5.18 per cent) to 1384.35 and the Standard & Poor's 500 index jumped 47.59 points (6.32 per cent) to end at 800.03.

Buyers became energized Friday in the final hour (just as the Sun was getting ready to go into Sagittarius) after a report by NBC News that President-elect Barack Obama would personally unveil Mr Geithner as the incoming Treasury boss at a news conference on Monday, along with other members of his economic team. That announcement restored a measure of confidence that was sorely neded; especially in light of the news that one trllion dollars was lost this week alone!

Hopefully we have seen the worst of the devestation that Pluto in Sagittarius has wrought over the years, and perhaps with Pluto going into Capricorn for good next week, on the 26th, we can start to get back to practicing sound banking and investment procedures which will definitely result in a safer and more stable financial future.