Market crash coming?
I can't believe this is the first I'm hearing about it, but apparently there is something called the Cardinal Climax looming at the beginning of August the precedes the end of the world by 2 years. Apparently this is similar to the planetary formation that preceded Black Monday and therefore we can expect a massive stock market crash. I mean, crap, even Hewitt Heiserman is panicked and talked to astrologist investor Arch Crawdord about it last March. This exchange is gold:We want to talk about the upcoming Cardinal Climax, which you say puts stocks—and perhaps humanity—in jeopardy. But first, explain to Seeking Alpha readers how you invest? Certain planetary alignments put people under extra stress. And one way this stress manifests itself is in financial markets. After all, financial markets are a mix of fundamentals and emotion. Since astrologic events affect our emotions, I find it profitable to study the planets.
Tell me more.
It is common knowledge that when there is a full moon, there are more car accidents and other forms of aggressive behavior. Since financial markets partly reflect our hopes and fears, these markets are prone to mood swings. If you can anticipate these mood swings, you gain an edge over investors who focus solely on interest rates, growth forecasts, debt loads, and other traditional yardsticks.
I have examined every substantial move in the Dow Jones Industrial Average since 1896, and I find that when planets are at difficult angles, then owning stocks and commodities is riskier.
Just one more darn thing to worry about...and I wish I knew the tone with which that "Tell me more" was delivered. Anybody else hear about this?