Financial astrology

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Financial astrology (also known as business astrology, economic astrology, and/or astro-economics) is the practice of relating the movements of celestial bodies to events in financial markets. The use of astrology in financial markets is not consistent with standard economic or financial theory, but might be considered heterodox economics.

The practice of financial astrology carries the implicit belief that astrology is valid and influences human behavior. The scientific community considers astrology to be a pseudoscience.

Application[edit]

Financial astrology is sometimes applied in the following ways:

  1. Predicting major economic trends as they relate to certain cycles, specifically on the cycles of outer planets
  2. Helping an investor find the best industry to be in for a particular period of time based on major planetary configurations
  3. Identifying the best stocks to own during a particular time period
  4. Identifying the best date and time to buy or sell a stock
  5. Correlating the Astrological aspect to the movement of stock market in day trading.

Financial astrologers of note[edit]

  • Evangeline Adams in 1929 predicted that the stock market would continue to rise in price. On Labor Day, September 2, she told a reporter for radio station WJZ that "the Dow Jones could climb to heaven." The next day the Dow Jones reached a record high, then fell dramatically, not reaching that level again until November 1954.[1][2]
  • Arch Crawford "...studied physics and math at the University of North Carolina, but left without a degree to work as a research assistant to Robert Farrell, the long-time Merrill Lynch technical research chief. In 1963, Mr. Crawford discovered his metier when he read an article in The Wall Street Journal on investors who used heavenly events to guide commodities buying. In his spare time, Mr. Crawford began serious research into the subject, looking for connections between astrological goings-on and the prices of stocks, copper and gold...In the unruly world of alternative finance, Mr. Crawford is as buttoned-down as they come, meeting fellow market-cycle enthusiasts for cocktails and forecasting at the Princeton Club, delivering painstaking addresses on astrological methodology to the Market Technicians Association. 'But there's always a bunch in the back of the room,' he acknowledges, 'growling that I'm a travesty of justice.' Asked if they would ever consult his hot line, a dozen traders and analysts had the same firm reply, Yes, all agreed - but from a pay phone." [3]

"Archibald Crawford, an investment newsletter writer in New York City, believes the heavens dictated the start of the bull market in 1982. And now he's expecting some momentous happenings in the galaxy to signal an eventful close in the weeks ahead. Among the powerful events in the sky, Mr. Crawford says, there will be a solar eclipse on the fall equinox and five planets will be lined up in a tight conjuntion for six days. 'We'll be in for a decline,' he declares, adding that celestial events 'call what is going to happen, and then a real event comes along and acts as an 'apparent' cause'. Whatever the causes of great market moves, the stars may be as good as any." [4] "Arch Crawford's The Crawford Perspectives from New York has made some uncanny market calls. In early August he said: 'Our long-term sell signal is set in stone. Be out of all stocks by August 24th, from which point we expect a horrendous crash.' August 24 marked the Dow high of 2722." [5] "In fact, over the past five years, the timing advice of only one market-timing newsletter among several dozen timers tracked by Hulbert Financial Digest has outpaced the simple strategy of buying and holding the Vanguard Index 500 fund, which mimics the S&P 500. The big claim to fame of that letter, Crawford Perspectives, and it's editor, Arch Crawford, is having called the crash of 1987 with total precision. Crawford also forecast the start of the 1997 correction--February 18--to the day."[6]

References[edit]

  1. ^ Miller, Nathan (2004). New World Coming: The 1920s and the Making of Modern America. Da Capo Press. ISBN 0-306-81379-3.  Chapter 17 Wall Street Lays an Egg p.365
  2. ^ The American Experience "The Crash of 1929". The American Experience. WGBH. 2008. 
  3. ^ Matthews, Anne, [1], ‘’The New York Times’’, March 12, 1995
  4. ^ Garcia, Beatrice E. (August 10, 1987). "How Much Power is Left in the Bull?" The Wall Street Journal
  5. ^ Davis, Dick (October 21, 1987). "Some market analysts saw the crash coming" The Miami Herald, Business News, page 4B
  6. ^ Schiffres, Manuel (July 1997). "The Lure of Market Timing" Kiplinger's Personal Finance Magazine pages 36-41.

Further reading[edit]