Wednesday, March 26, 2008

Hedges are back

American markets were down about 1% today as more bad economic numbers came in. This market obviously has a pretty thin skin these days for that sort of thing. That Venus conjunction with the New Moon chart was AWOL today as the Moon-Saturn square dictated the grim mood. I think the market has one more up day in it this week, and the ingress of the Moon into Jyeshta occurs tomorrow with benefic Jupiter high in the sky.

Bombay looks negative for Thursday as the transiting Moon falls under the aspect of natal Ketu in the BSE chart. Tokyo has already started lower.

The Euro continued its winning streak week as it rose past $1.58 as investors again sought hedges against a falling greenback and inflation. Look for more gains tomorrow.

Oil and Gold both had big gains today. Both will continue to come back towards their pre-March 18th levels this week. Tomorrow will be similar to today's action as gains could be over 2%.