There's an article today on The Street.com about Henry Weingarten's Astrology Fund. He's a money manager that uses predictive astrology, along with the usual market analysis tools for his high net worth clients. As quoted in The Street, Wingarten says, "We use all the standard fundamental and technical tools, but astrology is most important," says Weingarten. "That's what makes us unique and allows us to capture market surprises most people don't see. It's out-of-the-box thinking."
The article cites his success with trend prediction, as when he advised clients to buy gold back in 2001 -- its value has since risen in the markets up 250%. He recently predicted a downturn to coincide with the Lunar Eclipse on August 28th, and there was a drop of 280 points in the Dow Jones Industrial Average. The Saturn-Neptune opposition is playing a big role that Weingarten calls "reality strikes." The same aspect in 1989 led to the housing crisis, and he's predicting a general market re-pricing in mid-October. If you're interested to learn more about Weingarten, he's written a book called Investing by the Stars: Using Astrology in the Financial Markets.
For a weekly online column about astrology and market trends, check out Raymond Merriman's Market Week on Star IQ. This week he looks at the "Fire Sign Theatre" of the U.S. Federal Reserve, run by an Aries (Ben Bernanke) and a Sagittarius (Henry Paulson) with a live for the moment, devil-may-care about tomorrow attitude.
