Taurus to End a Bull Run; Astrologers Predict Lineup of Planets Will Trigger Slump
Byline: EDMUND TIRBUTT
HEAVENS above! Investors predicting a plunge in property prices, a tumble in technology shares, or ferment in the Far East, may be right after all.
Financial astrologers, who believe market trends are influenced by planetary positions, are predicting no shortage of trauma before the end of May with an end to the long bull run of the buoyant economy.
They say the astrological outlook for May is worse than at any time in living memory in almost all areas of life, from politics to money.
Many people dismiss the idea that astrology can be a guide to the future in any walk of life, let alone personal finance. And no firm of fund managers would own up to believing in any link between work and the movement of the stars.
Nevertheless, Britain's small band of full-time financial astrologers say they make a worthwhile income and are regularly consulted by investment professionals.
They claim to have forecast accurately major events such as the 1987 stock market crash and the recession of the early Nineties.
And those interviewed by Financial Mail last July correctly predicted stock market volatility around the time of the solar eclipse on August 11 (see report opposite).
Astrologers say that in May seven planets will be in Taurus, the sign for property and banking. Uranus, traditionally associated with new technologies and developments as well as sudden disruption, and Neptune, associated with fraud, also take up what are seen as unusual positions that month.
Christeen Skinner, a financial astrologer from Hither Green, southeast London, says: 'It is possible that both property prices and the value of the pound will start to fall and further problems for the banking sector look likely.
'I feel that we may experience a sudden drama such as a technical failure, or even a fraud caused by a hacker, that could bring the banking system to a near halt and have repercussions for markets and sentiment worldwide.
'Internet stocks may suffer shocks and the way Uranus is moving means we could be in for a crash there.
'With a drift away from speculative stocks in new technologies I think there may well be a resounding return to gold and other more traditional commodities.' Skinner also highlights China and South-East Asia as being potential trouble spots this year and feels that Taiwan's economic and political position could be under threat, causing worries for Far Eastern stock markets. …