Business - Reuters
Thu Jan 22, 4:01 AM ET
Stargazer: Spring Rally, Trouble Ahead
By Elizabeth Lazarowitz
NEW YORK (Reuters) - As the Dow Jones industrial average shoots
toward 11,000, stock investors can be forgiven for a certain degree
of star-gazing with their portfolios.
But each year, as Capricorn turns to Aquarius on the astrological
clock, research analysts and economists are joined by a different
kind of soothsayer in making yearly stock picks.
According to financial astrologer Arch Crawford, a springtime rally
is in the stars for stocks this year, but 2004 may not be all clear
skies for U.S. markets.
The market is going to pull back here for two, three, possibly
four weeks, and then rally into the March-April period," Crawford
said at a panel discussion on Tuesday in New York. "That will
probably be the high of the year."
Crawford, who uses a combination of technical analysis and planetary
cycles to predict the direction of financial markets, has been
putting out a monthly newsletter since 1977 and maintains a phone
hotline for stock tips. About 2,000 people, including top Wall
Street hedge fund managers, subscribe to the newsletter at $250
Trouble is brewing for stocks as Venus crosses the face of the
sun for the first time since the 1880s, Crawford told the audience
at a panel discussion hosted by the Society for the Investigation
of Recurring Events, or SIRE, which studies cyclical changes in
the economy and financial markets.
That will happen between June 4-6, Crawford said, and it is "not
To make matters worse, Saturn will pass through the spot where
the sun was located on the astrological charts at both the time
President Bush was born and when the United States was formed,
I read that as probably a hit to the honor of, and the faith in,
the United States," Crawford said. "It will probably
be very bad for the dollar and very good for gold."
Crawford is also tracking the "Mars-Uranus cycle," an
indicator that he said has corresponded with every stock market
crash in the past 100 years.
That portion of the cycle will last from mid-August into March
2005, Crawford said. "We expect there will be another stock
market crash during that period."