Friday, March 28, 2008

Down again

American markets lost 1% again today as investors saw no reason to buy stocks in the current climate of uncertainty. It seems that the deeper negativity contained in the applying Sun-Mars square is overwhelming positive sentiment of the Venus-Uranus conjunction. Tomorrow looks like another battle as the tr Moon is in aspect with Ketu which is normally a bearish influence. But the Venus-Uranus perfects, so it's hard to think all the action will be negative. Still I think we'll finish down for the day.

Bombay did finish a little lower yesterday as I thought it might, but not very an appreciable amount. The BSE should fare well for most of the day, although some decline is more likely toward the close.

The Euro didn't do much today. Tomorrow looks like a negative start in Europe but with some recovery by the afternoon EST. We should close again near $1.58 but probably a little lower.

Oil rose 1% today and although Gold only held steady. I think Oil is looking stronger of the two tomorrow and should add to its gains this week. I'm not sure that gold will rise, however.