Guest guest Posted December 17, 2008 Report Share Posted December 17, 2008 Dear friends, The US central bank has reduced its interest rate almost to 9 per cent, sparking a rally on the stock market. The question is how durable this rally will be. U.S. Stocks Rally, Led by Banks, as Fed Cuts Rate to Record Low By Whitney Kisling Dec. 16 (Bloomberg) -- U.S. stocks rallied and the Standard & Poor’s 500 Index climbed to a five-week high after the Federal Reserve cut its benchmark interest rate to a record low and said it will employ “all available tools” to revive the economy. Citigroup Inc. jumped 11 percent and JPMorgan Chase & Co. rose 13 percent after the central bank said it “stands ready to expand” purchases of mortgage-backed securities. Goldman Sachs Group Inc. surged 14 percent after its first quarterly loss as a public company was smaller than some analysts’ estimates. Boeing Co. and Intel Corp. added more than 7.2 percent as all 10 industry groups in the S & P 500 increased at least 2.2 percent following the Fed’s announcement. The S & P 500 added 5.1 percent to 913.18, its highest close since Nov. 10. The advance put the benchmark index above its average level during the past 50 days for the first time since September. The Dow Jones Industrial Average gained 359.61 points, or 4.2 percent, to 8,924.14. The Russell 2000 Index of small companies increased 6.7 percent. The Fed cut its target rate for overnight loans between banks to a range of zero to 0.25 percent. The Fed’s decision came after simultaneous recessions in the U.S., Europe and Japan dragged the S & P 500 down almost 45 percent from its 2007 record and sent benchmark indexes from Brazil to Bangkok into bear markets. http://www.bloomberg.com/apps/news?pid=20601087 & sid=atjRtu5oBDX0 & refer=worldwide In the SAMVA USA chart (Perpetual Union), transit Jupiter as 6th lord of financial stability has recently entered its sign of debilitation, Capricorn and the 7th house. As such, its indications are vulnerable to transit afflictions. Presently, Jupiter is in infancy and hence very weak, but it is not receiving any affliction. However, transit 4th lord Venus is now exactly conjunct transit Rahu at 16° Capricorn. Moreover, 2nd lord Sun and 3rd lord Mercury are transiting the 6th house of financial stability. Shortly, 10th lord Mars will also enter the 6th house. This would suggest concerns about financial stability are pronounced, characterised by a sense of weakness or helplessness. Indeed, it seems that policy makers are running out of options and will be hard pressed to come up with more stimulus to revive lending if this action is not successful in reviving lending in the economy. One concern is that the transit nodes are settling into stationary orbit at 15° 30' and in early February transit Jupiter will become conjunct the nodal axis while the Jupiter sub-period is still operating. At that time, things are likely to become quite worrisome concerning the financial stability. Fortunately, the Saturn sub-period begins on February 17, 2009, ending the Jupiterian trend and beginning a new one involving Saturn's indications. This 30 month long period is expected to be charaterised by a slow economic recovery - with some obstacles along the way when the transits turn difficult. Best wishes, Thor Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 17, 2008 Report Share Posted December 17, 2008 correction: The US central bank has reduced its interest rate almost to 0 per cent. SAMVA , Cosmologer <cosmologer wrote: > > Dear friends, > > The US central bank has reduced its interest rate almost to 9 per cent, sparking a rally on the stock market. The question is how durable this rally will be. > > U.S. Stocks Rally, Led by Banks, as Fed Cuts Rate to Record Low > By Whitney Kisling > Dec. 16 (Bloomberg) -- U.S. stocksrallied and the Standard & Poor's 500 Index climbed to a five-week high after the Federal Reserve cut its benchmark interest rate to a record low and said it will employ " all available tools " to revive the economy. > Citigroup Inc. jumped 11 percent and JPMorgan Chase & Co. rose 13 percent after the central bank said it " stands ready to expand " purchases of mortgage-backed securities. Goldman Sachs Group Inc. surged 14 percent after its first quarterly loss as a public company was smaller than some analysts' estimates. Boeing Co. and Intel Corp. added more than 7.2 percent as all 10 industry groups in the S & P 500 increased at least 2.2 percent following the Fed's announcement. > The S & P 500 added 5.1 percent to 913.18, its highest close since Nov. 10. The advance put the benchmark index above its average level during the past 50 days for the first time since September. The Dow Jones Industrial Average gained 359.61 points, or 4.2 percent, to 8,924.14. The Russell 2000 Index of small companies increased 6.7 percent. > The Fed cut its target rate for overnight loans between banks to a range of zero to 0.25 percent. The Fed's decision came after simultaneous recessions in the U.S., Europe and Japan dragged the S & P 500down almost 45 percent from its 2007 record and sent benchmark indexes from Brazil to Bangkok into bear markets. > http://www.bloomberg.com/apps/news? pid=20601087 & sid=atjRtu5oBDX0 & refer=worldwide > > In the SAMVA USA chart (Perpetual Union), transit Jupiter as 6th lord of financial stability has recently entered its sign of debilitation, Capricorn and the 7th house. As such, its indications are vulnerable to transit afflictions. Presently, Jupiter is in infancy and hence very weak, but it is not receiving any affliction. However, transit 4th lord Venus is now exactly conjunct transit Rahu at 16° Capricorn. Moreover, 2nd lord Sun and 3rd lord Mercury are transiting the 6th house of financial stability. Shortly, 10th lord Mars will also enter the 6th house. This would suggest concerns about financial stability are pronounced, characterised by a sense of weakness or helplessness. Indeed, it seems that policy makers are running out of options and will be hard pressed to come up with more stimulus to revive lending if this action is not successful in reviving lending in the economy. > > One concern is that the transit nodes are settling into stationary orbit at 15° 30' and in early February transit Jupiter will become conjunct the nodal axis while the Jupiter sub-period is still operating. At that time, things are likely to become quite worrisome concerning the financial stability. Fortunately, the Saturn sub-period begins on February 17, 2009, ending the Jupiterian trend and beginning a new one involving Saturn's indications. This 30 month long period is expected to be charaterised by a slow economic recovery - with some obstacles along the way when the transits turn difficult. > > Best wishes, > > Thor > Quote Link to comment Share on other sites More sharing options...
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