Monday, November 10, 2008

Asia rallies; US slips


US stocks failed to hang on to gains made earlier in the day in Asia on the heels of China's stimulus package. The Dow closed down abotu 1% to 8870 and the SPX ended the day at 919. In India, The Sensex was up 5% to 10,536 while the Nifty climbed to 3148.

One notes that the shift in sentiment may have been related to the changing Moon nakshtra from Saturn-ruled Uttara Bhdrapada to Mercury-ruled Revati. Saturn is aspected by benefic Jupiter, while Mercury occupies the often troublesome nakshatra of Swati. Tomorrow, the Moon enters Ashwini during the North American trading day.