Weekly Preview MMA Comments for the Week Beginning July 5, 2010 
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| MMA Comments for the Week Beginning July 5, 2010 |
| Written by Raymond Merriman | |
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Please note that there will be no weekly column next week, due to time required to prepare for the webinair on our “Mid-Year Markets Update.” This special webcast will occur at 1:00 PM, Eastern Time, on Sunday, July 11 (solar eclipse). That equates to 7:00 PM for most of Europe (Central European Daylight Time). Reservations can still be made until Friday afternoon, July 9. After that, the reservations window will be closed. In all, we expect a record turnout of attendees from all over the world for this presentation, based on reservations received so far. Review and PreviewOn Tuesday, June 29, the U.S. stock markets broke down. Many other world equity markets broke the next day. Thus ends the uncertainty as to whether the Jupiter-Uranus conjunction period of May through September would lead to excessive speculation in stocks, or a panic sell-off. This dilemma was covered in the annual Forecast for 2010 Book as follows: “The implication (of Jupiter-Uranus in conjunction, in opposition to Saturn and square to Pluto) is that the full extent of the panic, or economic depression (started in late 2008), has not yet been realized. It is still coming. Moreover, it may hit like a tsunami between May 2010 and March 2011.” Instead of the confidence (greed, Jupiter) needed for excessive speculation in stocks (as I thought might first be possible from late May into August), the Jupiter-Uranus conjunction in opposition to Saturn has resulted in a climate of increased fear, and investors are diving head long into the safety of Treasuries now paying less than 3% for a 10-year commitment. On Tuesday of last week, with the Moon in a highly weighted solar-lunar reversal cycle, the DJIA dropped nearly 300 points. The S&P took out its lows of late May, early June. The next day, the DJIA took out its low of June 8 that started its primary cycle. As discussed with readers and subscribers before, as long as that low held, the market could be bullish, especially if it could close above 10,800 in June. If not, this is an older and bearish 50-week cycle, and the market will continue lower and lower until it ends. Now the key to turning this around will require a close above 10,350. In the meantime, the technical and cyclical picture is bearish for equities. Precious metals also sold off sharply last week, especially on Thursday, July 1, when Gold fell nearly $40 and Silver nearly 100 points. Crude Oil also fell sharply last week, while – strangely enough for everyone except a Financial Astrologer – the European and Asian currencies rallied sharply against the U.S. Dollar. Isn’t a weaker dollar supposed to be bullish for precious metals and commodities? Yes, but not when Uranus is strong, because under Uranus, the rules (and new regulations) don’t work. It is all part of this portal into a new reality that started in 2008 and won’t end before 2015. We have to learn to play with a new set of non-rules and new regulations that won’t work (at least not as hyped) in this type of economic and political climate. Short-Term GeocosmicsThe USA markets will be closed on Monday in celebration of Independence Day. That is also the day that Uranus will start its retrograde motion, lasting through early December. Anytime Uranus is stationary and changing directions, the market is vulnerable to either a sudden reversal or a breakdown of support, or both. It broke support last week, so now we wait and see if it can catch and start a new rally, or instead the breakout simply escalates this week as markets enter a new bear market phase. Tuesday, the first trading day after the holiday, could be quite wild. In fact, the whole week may be very volatile because the Moon will end the week in the vacillating sign of Gemini, as it heads for its solar eclipse on Sunday, July 11 in Cancer. But all of this continues to be just a prelude for the fifth and deepest level of the Cardinal Climax, which will occur July 23-August 8. Shortly around the time Saturn re-enters Libra on July 21, we will see how well the Federal Reserve Board can steer this Ferrari of its monetary policy. As mentioned before, late July through mid-September will be a very challenging time for Central Banks, especially the Fed. It is as if Central Bankers (plus some governments) have taken a new Ferrari out for a spin at night, pushing the accelerator down to top speed, only to find it gets stuck at the same moment the headlights go out and a bend in the road looms directly ahead. Longer-Term Thoughts“… political freedom and economic freedom are inextricably intertwined. In a centrally planned economy, the state inevitably infringes on what we do, what we enjoy, and where we live. When the state has the final control on the economy, the political opposition needs the permission of the state to act, speak, and write. Economic control becomes political control…Even when the state tries to steer only part of the economy in the name of ‘public good,’ the power of the state corrupts those who wield that power. Hayek pointed out that the powerful bureaucracies don’t attract angels – they attract people who enjoy running the lives of others. They tend to take care of their friends before taking care of others.” -Russ Roberts. “Why Friedrich Hayek is Making a Comeback,” Wall Street Journal, June 28, 2010. As the stock markets of the world began breaking important support levels last week, it became apparent that investors around the world are losing faith in the economic and political policies of the past 18 months. This may turn out to be a good thing in the long run, because the fixes attempted have all been short-term in nature, and are now seen to be ineffective. It may force leaders to take a longer-term approach, as Japan is now doing under their new leadership. I am of course referring to the misguided belief that government stimulus and spending programs will – almost entirely by themselves – result in a sustainable growth. After two huge stimulus spending bills in late 2008 and early 2009, it is apparent that every dollar spent didn’t result in the promised return of $1.50. All it did was further explode the federal deficit, and give a temporary relief to the panic of late 2008, and creating a temporary bull market in stocks lasting about 13 months, into April 26, 2010 (just before the May 2010 period that we referred to in this year’s Forecast Book as the start of the next dangerous phase of the current economic cycle). Up until May, the leaders of the world were enamored with this belief in the magic of increased government spending (“stimulus bills”). Now much of the world is reversing in the opposite direction because they see that hasn’t worked as promised. As stated by J. Anthony Boeckh, in his excellent book titled “The Great Reflation” (John Wiley & Sons, 2010), “In a debt supercycle, the gap between expectations and reality becomes enormously exaggerated. Not surprisingly, the end comes as a sudden shock. It is as though termites are eating away at the support beams of your house. You don’t notice anything until the structure (Saturn) gives way.” The new key word now is “austerity,” and getting the exploding national (and world) deficits under control. It is all Pluto-in-Capricorn themes. But the kind of intensive austerity measures being propagated by the International Monetary Fund are just as dangerous as the out-of-control spending behavior of the United States. But both fit equally well with the historical political and economic themes that have occurred in the past under the waning phase of the Saturn-Pluto cycle (2001-2020). The IMF wants debtor nations not just to stop spending, but also to raise taxes, which has virtually no hope of growing the economy of debtor nations. To the contrary, such policies will probably plunge those nations - and the world – into a major depression. Of course, that is the usual outcome during this phase of the Saturn-Pluto cycle, at the same time we enter the 80-90 year Cardinal Climax. This configuration last happened also in 1928-1934. So what should be done? I think CNBC market commentator Rick Santelli may have had it right last week. He is one who correctly called this financial debacle long before it happened, and now screams the solution as: “STOP THE SPENDING! STOP THE SPENDING! STOP THE SPENDING!!!” Dr. Peter Morici of Smith School of Business may also have it right when he stated last week, “President Obama’s policies are not creating conditions for businesses to hire.” And the headline of Friday’s Employment reports blared out: “Job Losses Are the Latest Sign Recovery Losing Steam.” So what happened, and why aren’t these policies working for more than 13 months?
The key is to get people back to work. The 9.5% unemployment number is completely misleading as more and more people are dropping out of the labor force, making this terrible number look only half as bad as it really is. But the only sector hiring people and growing their labor force is the government itself (even excepting the temporary census workers). If you want to increase productivity, you need the small business and manufacturing sectors to hire people. But they aren’t going to do that until their tax situation is clarified. This is one of the remedies for the downside of the Saturn-Pluto cycle too. But can leaders of the world humble themselves enough to restructure their policies that might lead to growth and the end to this cycle of economic fear? Many are. But not all, unfortunately. |
Announcements
The “Forecast 2012” webcast will take place on Sunday, February 19, starting at 1:00 PM EST (that’s 6:00 PM GMT or 10:00 AM PST). Via the modern technology of our webinar host, you can log onto this presentation on current markets (both long-term and short-term outlooks) and the political-psychological climate for 2012, in the comfort of your home or office. All you need is a computer with speakers. You can hear the speech and see the live presentation and slide show, complete with the charts as they are being discussed, on your computer screen. The cost for this special event is $45.00. If you are interested in being part of this unique live webcast, just register at the MMA Website (www.mmacycles.com) and scroll down the opening screen for the announcement. Or drop us an email (ordersmma@msn.com) or fax (248-538-5296), or call us at 1-248-626-3034. Instructions to log into this event will be sent upon making reservations. Reserve early (before February 17), for space will be limited.
Many of you have asked about DVD’s or CD’s on the “Forecast 2012 Mini-Congress on January 21 in Amsterdam that I participated in. On the program were also three other excellent speakers on the subject: Irma Schogt of Schogt Market Timing in Amsterdam, plus world renowned astrologer Katen Hammaker-Zondag (specialist in the future of the Euro zone and Euro currency) and Antonia Langsdorf, of Cologne, Germany, who wrote “The Eye of the Storm,” a best-selling rendition about the year 2012 from the point of view of Mayan schools and astrologers. These recording will soon be available through Irma Schogt. We will announce when they will be available, probably within the week. You check in with us next week, or contact Irma directly at www.markettiming.nl.
If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you may be interested in our Weekly or even Daily Market reports with position trading and aggressive trading recommendations. It is the only way I keep in touch with traders on a daily or even weekly basis, as I no longer offer personal consultations. These reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Dollar/Yen cash and Yen futures, Euro-Yen cash, T-Notes, Crude Oil, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Gold and Silver. Both reports provide trading strategies and recommendations for position traders as well as for shorter-term aggressive traders. Subscription to the daily report also includes the weekly report. For more information, go to http://www.mmacycles.com/services, or call our offices at 1-248-626-3034. These reports are extremely valuable to those who trade ETF’s (Exchange Traded Funds). In the words of one of our subscribers: “I am really pleased with your recommendations through the Daily and Weekly Trade Recommendations. I have used them to trade gold and silver stocks in my IRA. In the last eight years I increased my account from $60,000 to $712,000 (now $850,000). Thanks for your excellent publications.” - Bryden C., Small Business Owner, Illinois.
Copies of the printed version of Forecast 2012 are still available. There will be no additional printings, so when they are gone, they are gone. This year’s book is 200 pages – our largest ever – and packed full of information about the economy, USA Presidential election, social and economic trends, and of course, financial markets with their all-important three-star critical reversal dates (the one and two-star reversal dates are covered in the MMA Cycles Report, as well as weekly reports). For further information, please go to the front page of our web site at www.mmacycles.com, Or call us at 1-248-626-3034.
The E-Book version of the Forecast 2012 Book is now out as well in two different formats. The first is our own version, which contains both the text and the calendar-ephemeris for 2012. The cost for this is $55.00, or $35.00, depending on whether you also ordered the printed version too. The second is through Apple iTunes, which covers iPhone 4 and 4S, and the iPad, and also Amazon.com Kindle. The cost is $39.99. It does not contain the advertisements or the planetary calendar and ephemeris in the back. You can now order it if you have an email address registered via one of these 9 countries (USA, UK, Australia, France, Canada, Italy, Portugal, Slovenia, and Spain). Just go to iTunes, and then “Library,” then “Store,” then in the field titled “Search,” type in “Forecast 2012” or “Raymond Merriman” (without quotation marks). Or, go to http://itunes.apple.com/us/artist/raymond-merriman/id408289861?mt=11.
“After reading the annual Forecasts and subscribing to MMA Cycles for the past ten years, I can say that Ray Merriman's forecasts are uncannily accurate and indispensable for the preservation of wealth. Nothing else I've seen compares. It is without a doubt the best perspective on the big picture, not just bits and pieces of the picture.”
W.W., Investor and Teacher, Indiana.
Our new 2012 MMA Catalogue is now out!! You can download this catalogue directly at http://www.mmacycles.com/index.php?option=com_docman&task=cat_view&gid=41&Itemid=63.
Events:
February 19, 2012: “Forecast 2012 Worldwide Webcast!!!” This is our annual speech to viewers the world over. It will be the latest update on Raymond Merriman’s annual Forecast Book. Utilizing the study of cycles and geocosmic factors, this speech will focus on the current state of the economy, political situation in Washington, DC, and in particular, the financial markets, including: the U.S. stock market, interest rates, the U.S. Dollar, Gold, and Silver. This will be a telecast of the live presentation taking place at the Michigan Education Conference Center in Troy, Michigan on Square Lake Road. The webcast and speech will start at 1:00 PM, EST and last two hours. Cost to participate in the webcast, or to attend in person in Troy, is $45.00. Go to http://www.mmacycles.com/catalogue/multimedia/forecast-2012-live-webcast-february-19,-2012!!!/ for more information.
March 1 and 3, 2012: Hong Kong. “Forecast 2012” on Thursday, March 1, and a full day intensive on “Financial Market Timing” on Saturday, March 3, with emphasis on Gold, Silver, Currencies, and Equity Markets for 2012. Organized by Earlthorn.Com at the Excelsior Hotel, Causeway Bay, Hong Kong. Contact Teresa Wong at 852-2529 1211 (phone), or by e-mail at earlthorn@hknet.com. A special 90-minute private meeting with MMA Subscribers will follow the workshop on March 3. You must reserve your space for this meeting with MMA.
March 9-11, 2012: The 12th Annual Balkan International Conference, Belgrade, Serbia. Featuring a pre-seminar workshop with Raymond Merriman. For further information on this fantastic gathering, contact www.keplerunited.org. +381-11-267-31-92 or email info@keplerunited.org.
April 19 and 21, Boulder, Colorado. “Forecast 2012” with Raymond Merriman, plus a workshop on “Financial Market Timing,” focusing on equities and precious metals. Sponsored by ROMA. For more information and registration, contact dralagifts@msn.com. Once again, a private meeting for MMA subscribers will follow the workshop.
May 24-29, 2012: UAC!!! The world’s largest astrological conference. Taking place at the New Orleans Marriott Hotel. Go to www.uacastrology.com. There will be an awesome Financial Track, featuring some of the top Financial Astrologers and researchers in the world. There will be private meeting for MMA on Friday or Sunday evening on the top floor of the Marriott.
June 23: Amsterdam. A special 5-hour workshop on “The Gold Market: Forecasting the Price of Gold” Details to be announced shortly, but mark your calendars for an exciting event in one of the world’s most exciting cities at the most exciting time of the year: the first Uranus-Pluto square!
August 2-6, 2012: Midwest Astrology Conference, in Ann Arbor, MI, Holiday Inn. Pre-seminar workshop on Financial Astrology, Thursday, August 2, with Raymond Merriman. More details soon.
September 14-15, 2012: San Diego: Lecture on world economy and national election, and then a workshop on Financial Market Timing. More details shortly.
details soon.
Disclaimer and statement of purpose:
The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language.
This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures will likely affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycle’s analyst looking at the military, political, economic, and even financial markets of the world.
It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.
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