Market week- November 3
November 2nd, 2008This is a bear phase. November 4 is the first date of five passages of the very powerful 45-year Saturn-Uranus opposition. But the day before, November 3, is also important, for that is when Venus will “translate” the Saturn-Uranus opposition in a T-square (squaring both). Every “translation” of the Sun or Venus to the Saturn-Uranus opposition of this year has coincided with a serious sell-off in stocks throughout the world.You only know to not expect the normal for the next week. You can anticipate very large price swings.
In Asia and the Pacific Rim, all four indices we follow made multi-year lows early last week. In Japan, the Nikkei fell to 6995 on Tuesday, its lowest level since August 1982. The Hang Seng of Hong Kong plunged to 10,676, a level not seen since 2003.
New yearly lows were also witnessed in Crude Oil and Silver last week. Crude fell to 61.30 last Monday, now down nearly $86.00/barrel from its all-time high of 147.27 back in July.
On personal level, if you were born near 7 to 14 th of any month, you could loose significantly. Aries and Sagittarius are two major signs under work and career changes. Leo and Aquarius may see financial pain.
In conclusion, first three days of the week is extremly negative. This week has Mars - Neptune opposition, Saturn-Uranus-Venus T square simulaneously. Long term bearishness is here to continue. We could also hear abour major job loss/job cuts in markets as Saturn is moving in hard working Virgo.