Using Stars to Tab Stock StarsGrace Morris...
Using Stars to Tab Stock Stars
Grace Morris might say that heaven knows what’ll happen to the stock market next. A Chicago astrologer, financial analyst and psychotherapist, she routinely crunches numbers and scours balance sheets.
But she and about 150 others at the Third Annual World Conference on Astro-Economics in Chicago over the weekend also look to the stars.
Morris, for example, said two recent in the Dow Jones industrial index were predicted by eclipses.
“On the solar eclipse of July 22, the market dropped 125 points. Two weeks later, on the lunar eclipse of Aug. 6, the market dropped 95 points,” Morris said. “There’s some proof.”
Forget the fact that Iraq invaded Kuwait just days earlier. (See, Mars was imposing on Pluto to form a stressful pattern.)
Lately, astrological charts point to a bottoming out in the stock market and real estate cycles.
“It’s time to buy now on the lows and sell on the highs in late 1991 or early 1992,” Morris said.
Devotees of astro-economics use birth charts, based on a company’s date of incorporation, and charts of planetary positions to determine buy and sell signals or when a company is ripe for takeover.
Two strong buy recommendations: Texaco Inc. and Coca Cola Co.
“Texaco and Coca-Cola are Virgo companies,” said Morris, cosponsor of the event with Carol Mull of Indianapolis, who publishes the Wall Street Astrologer newsletter. “Jupiter will be in Virgo in September, 1991, so these companies will have good times because Jupiter means expansion.”
“There’s a lot more of this going on that people suspect,” said conference speaker William Eng, a market consultant.
A Banking Metaphor Hobbles
As chairman of the Federal Deposit Insurance Corp., L. William Seidman is constantly having to reassure people about the stability of the nation’s banks in these increasingly uncertain times.
Seidman, whose artificial hip was damaged when he was thrown from a horse earlier this year, showed up on crutches last week for a speech in Los Angeles before Town Hall of California.
As he eased himself up to the podium, Seidman couldn’t resist a wisecrack. “This does not represent the condition of the banking system,” he said.
But Can This Pundit Cook?
John M. Creed is in the restaurant business, but he reads the papers. Creed is chairman of Chart House Enterprises, the San Diego-based company that owns Chart House and Paradise Bakery restaurants. In his third-quarter report, he couldn’t resist a little comment on the news.
“Iraq invades Kuwait; our government is polarized over the budget; everybody is trying to decide if we’re in a recession or not; the real estate market is in the toilet, and George “Read My Lips” Bush is going to raise taxes.”
Where does Chart House fit into this picture? Creed also wrote that “if there is going to be a recession, Chart House plans to use the “LIFO method: We’ll be the last-in, first-out, or maybe we won’t play at all.”
