STAR INVESTING
Astrologers, psychics divine ’18 stock moves
If you’re convinced that the “normal” techniques for calling the market just aren’t cutting it anymore, you might consider the paranormal.
Psychic intuition and planet-based predictions get dismissed as hopelessly flaky fare on Wall Street, but that hasn’t stopped a slew of astrologers, spiritualists and old-school soothsayers from weighing in on what 2018 has in store for investors.
“Uranus has the habit of breaking the status quo and all the rules,” advises Olga Morales, founder of Astrology for Gann Traders, a group that uses the zodiac to guide investments.
“Therefore, we’ll see Saturn (governments) trying to control the revolutionary spirit of radical Uranus,” Morales told The Post.
Translated into investor speak, that means stocks could get bumpy even as market regulations get scaled back by President Trump and the Republicans — at least, according to the planetary cycles.
Henry Weingarten, whose New York-based Astrologers Fund promises its clients a “stellar performance,” says this year’s surge in the Dow was all about Trump and the planets — and that they’re aligned for more gains to come.
“That 25-percent increase is primarily due to Trump and his horoscope,” Weingarten declared during a Web seminar he hosted the day of the winter solstice.
“Last year, he was under double Jupiter,” Weingarten said of Trump. “This year, he’s under Jupiter/Neptune. The sky’s the limit.”
Still, the planet-minded stock picker admits, “we may have a sell in April, and maybe a little sooner.” In commodities, Weingarten says he’s “long copper for both fundamental reasons and astrological reasons.”
While some monetary oracles look to the stars, others have visions that are financially focused.
Laura Day, who doesn’t like to be called a psychic, says she works with firms, traders, and occasionally investment novices to channel the future of specific companies and markets. “I literally see things,” she told The Post. “Often I’ll see world events coming up that [clients] would have no other way to predict.”
One topic that keeps coming up is bitcoin — and Day sees a future for the digital currency.
“I personally would not write off that market,” Day said. “Because of what’s happening politically in our world, the concept is one that endures.”
On the whole, market forecasts from astrological and psychic sources don’t appear to have fared any better than those from more traditional methods of number-crunching and dart throwing.
And last year, it should be noted, the biggest banks missed major events that roiled the markets, including Trump’s election, Brexit, and Dow 20,000.
Next year, Goldman Sachs predicts the S&P 500 could rise to 2,850 points, while the Bank of Montreal sees 2,950, thanks to the Trump tax cuts and higher corporate profits
Meanwhile, Wall Street soothsayers — whether normal or paranormal — seem to agree about the outlook for the non-investing average Joe.
“The everyday person who works for a paycheck is the person who it looks like is going to have the hardest time,” Day predicts.