When Facebook made its initial public offering last month – the second-biggest IPO in history – Jonathan Pearl told his clients not to invest.
Astrologically, he says, it was “a dicey time to begin a new adventure.” An astrologer specializing in financial investment, Pearl publishes an online daily newsletter (starpearls.com), and offers private consultations.
Pearl, 40, grew up in Long Island, N.Y., majored in religion at Williams College in Massachusetts and moved to San Francisco in 1983. A practicing Buddhist, he lives alone near Alamo Square and has a girlfriend who works at the M.H. de Young Museum.
I’m not a psychic. I don’t have a crystal ball. But I use astrology – which in my view impacts people’s outlook, feelings, confidence and fear – to forecast the stock market.
In astrology, there’s a kaleidoscopic kind of network of things going on at all time. Many people know their sun sign, but in real astrology all the planets are important.
I didn’t like the IPO date that Facebook chose. It was right before an eclipse, which is one of the few times of the year something comes out and snatches the sunlight out of the sky. Also, I didn’t like the fact that Venus was retrograde.
Facebook is a social-networking site, and here was Venus – the goddess of love, the beauty and love principle – moving backward in the sky. You want something moving forward, especially if you’re launching an IPO or something important.
Not only did the price tank, but there was a host of problems with the IPO itself. People had problems with orders. It was a mess. From the astrological point of view, their timing was atrocious.
That same month, on the morning of May 2, I told my investment clients to sell everything now and go completely to cash. By May 15, the market had dropped 65 points on the S&P. That’s approximately 650 Dow points. A fairly sharp drop in two weeks.
I got serious about astrology about 10 years ago. I just decided I would go back to the beginning and read every old text – Greek astrologers, medieval astrologers – that I could get my hand on. I became captivated by it and spent years learning it very rigorously.
From 2005 to 2007, I worked as a personal astrologer. It’s a very hard gig. It takes a lot of preparation to do individual readings, and there wasn’t enough demand. So I went from that to market astrology.
In most parts of the country, there’s an extreme bias against astrology. On the one hand you have millions of people reading horoscopes – which is a very basic, kindergarten level of astrology, in my view – but it’s not generally accepted as an actual discipline.
There’s no position at any financial company for an “astrologer/market analyst.” Although I challenge anyone in that field to find someone who, at the beginning of 2008, was able to say, “This year is trouble, and the worst period is August through November.” That was pretty clear from my astrological point of view.
I’m interested in more than just markets. To me, that’s the fascination. I get to see how the planets are impacting the world in a real-time way, to the minute.
Yes, it is the stock market. And you can say it’s fueled by greed. On the other hand, a lot of people were hurt by the dot-com bubble busting, by the 2008 meltdown, by the “flash crash” of May 2010 or by the summer swoon last year. And I would love to be in a position to help people maintain their retirement savings.
I can tell them things to do that other people are not necessarily saying, like “Sell everything May 2, get out now.”
Article courtesy of: San Francisco Gate