The Telegraph claims that a surprising number of mainstream investment bankers make decisions based on astrology. Can you envision this growing into a quasi-religious cult?
Donald Bradley’s method of foreseeing changes in the market involved assigning a numerical value to the position of the planets and stars and plotting the values on a graph. The peaks and troughs of that line should, in theory, plot “turns” in the fortunes of stocks, bonds and commodities. It sounds utterly mad, but the model has been described by market watcher Peter Eliades as “eerily accurate”.
I wanted to do a statistical analysis of his method and use it if it worked,” says Crawford. Back in the library, Crawford found records of the Dow Jones going back to 1885 and a book outlining the details of planetary positions. After comparing the two, he was impressed.
So Crawford began using astrology alongside his technical analysis. Over the years, Crawford found his predictions working out so well that, in 1977, he set up business as a full-time astrological adviser. He’s since been named “Wall Street’s best-known astrologer” by Barron’s.
Today around 2,000 traders from the United States, Britain, Australia and Japan pay to receive his subscription newsletter. He says, “I’ve got major traders from all the Wall Street companies.” And Crawford’s not the only one. The newsletter of Michigan “astro-finance consultancy” MMA Cycles claims 7,000 subscribers. Commodities trader Henry Weingarten charges up to $1,000 a session at his New York Astrology Center.
In Britain, soothsayers such as Christeen Skinner offer the same service to City traders, entrepreneurs and private investors. According to the Financial Times, financial astrology is “growing in popularity and complexity”.
Read the rest at the Telegraph