Around 2:30pm yesterday, May 6, 2010, Wall Street experienced a scare reminiscent of the stock market crash of 2008. Amidst a day of downwardly sliding stocks, the Dow suddenly plummeted an alarming 998 points in under half an hour. Our ongoing fears that the debt crises (one of which is coming to heated point in Greece, but we'll talk about that later) in Europe would spill over into American investments had been realized. Or had they?
Certain sources have received information that a trading glitch may have triggered the initial decline (marked by a 40% plunge in Procter & Gamble, a commodities mega-corporation considered one of the most solid investments on Wall Street) which sent stockholders into a selling frenzy, abandoning their more volatile assets for safer holdings such as mutual funds.
This activity is a textbook play for Mercury's retrograde cycle; throwing a wrench into the machine that is the American economy matches the classic M.O. of our favorite trickster, Hermes. Amongst three quarters of encouraging economic growth comes a mini-crisis that almost sparks a nationwide panic founded upon a simple miscommunication or computing error.
Keep in mind that electronic forms of communication are highly subject to the woes of Mercury's anti-communicative influence. Just because your messages are contained within your trusty computer-box does not make them invulnerable; in fact, electronic messages often work on a delay, and are much less reliable than face to face communication. Expect Mercury to take every advantage it can in disrupting these forms of communication.
Meanwhile, Greek's economy spirals as it bears the burden of a debt crisis combined with a regional economic downturn. The European Union as well as the IMF have proposed "bailout" measures for the country, but are debating it amongst their respective governing bodies. The people of Greece can only pray that the Moon's travel through Pisces will leave an air of compassion and sensitivity for the less fortunate, inspiring the EU or IMF to come to their aid.
These issues plaguing the Earth's globalized political economy draw strength from an opposition in our sky; Jupiter, ruler of the Gods and symbol of power and growth, opposes Saturn, which represents conventions and boundaries. When power (assuming it intends to grow, as capitalist economies do) clashes with systems and structure, some degree of crisis is inevitable. Political divisions become most apparent, the economy's cash flow diminishes, and a confidence in the system is lost. However, oppositions are not necessarily deconstructive; these two planets may likely come to an understanding to yield change. Therefore, this will be a time for crucial decisive action by Greek leaders. But enough about them... how does it affect us?
As the value of the euro declines against the dollar, America seems to be riding the waves of Jupiter through our Moon, which are both currently moving through Pisces. Jupiter, a ruling planet of the Pisces sign, can foster the rapid growth of the economy as well as bring out a large economy's excessive wastefulness, often manifested as an increasing division between the rich and the poor. As our country still boasts a 9.9% unemployment rate (which beats the hell out of Greece's 20%), hopefully the Moon's transit through Pisces will inspire in us a sympathy for the human condition, and an awareness of the economic and social oppression that many people refer to as "misfortune". Poverty and unemployment are not necessarily synonymous with misfortune, but rather the byproduct of a wasteful economic structure. As Greece's economy flounders and forces economic reform, perhaps we best heed their example and evaluate our own situation to ensure that the same "misfortunes" do not befall us. Pluto (which ironically also tends to incite power struggles) currently rests in Capricorn, telling us to accept the changes, losses, and economic woes, let go of them, and to start planning responsibly for the future.
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