The Occult On Wall Street: The Art Of Financial Astrology

zodiac

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

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  • http://www.ContraControl.com/ Zenc

    Of course, it has the upside that the more people who believe in it, the better it works.

    • Kevin Leonard

      Kind of like peer-reviewed research.

  • Simon Valentine

    moon says “i go around you, earth”
    earth says “i keep you around, moon”
    human says “which team is winning?”
    prince says

    • Simon Valentine

      don’t ask for Newton.
      he’s dead.

  • BuzzCoastin

    research has shown that human financial activities
    are the same as those of monkeys
    when monkeys play with money
    money is a technology that induces madness

  • anechoic
  • kowalityjesus
  • emperorreagan

    I assume that many players in the financial market have strategies that are akin to the person who has a special pattern they follow for slot machines.

    The only difference is the position relative to the house. If you’re an investment banker, the house is on your side whereas if you imagine you’re gaming the slot machines you’re trying to beat the house.

  • alizardx

    More than one study suggests that random choices of investments work better for making money than the ‘informed’ choices of financial “experts”.

    I’ve often thought that a VC fund (call it Dartboard I) choosing business plans at random to fund might outperform the competition.

  • DeSwiss

    Everything is electro-magnetic. Everything. :-|