Astrology guides some financial traders
Wednesday, September 19, 2012 - 14:39 Spencer Platt/Getty Traders work on the floor of the New York Stock Exchange. New York is full of people who make big decisions about billions of dollars. To the person on the street, these decisions look rational, like something that's part of a bigger plan. But the course of true investing never did run smooth, and there are some traders who look to the stars to tell them what to do. Financial astrologers like Karen Starich say traders know they're up against a lot of rich, smart people. "They want to have that edge," she says. "They want to know what the future is." Starich chargest $237 annually for her newsletter, which 300 traders subscribe to for news of what will happen to the stock prices of companies, or even bigger, to the Federal Reserve. She sees dark times ahead in the Fed's horoscope. "They now have Saturn squared to Neptune, which is really bankruptcy," Starich explains. Neptune represents money. But when Saturn shows up in a chart, it ...
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Seeing the futures: Astrology guides some financial traders
Wednesday, September 19, 2012 - 14:39 Spencer Platt/Getty Traders work on the floor of the New York Stock Exchange. Marketplace for Wednesday, September 19, 2012 Kai Ryssdal: Financial markets are (as you know if you've been paying attention the past four years) scary places. Not only is it hard to sort out what's going on between the news and the stock charts and the politics of economies here and overseas, but there's real money on the line. Retirements and college funds and nest eggs. So, for guidance, some traders have started to look up. All the way up. Our New York bureau chief Heidi Moore explains. Heidi Moore: New York is full of people who make big decisions about billions of dollars. To the person on the street, like Nancy Kaschel, these decisions look rational. Nancy Kaschel: I would presume it's part of a bigger plan -- a structured idea of how to make money. But some on Wall Street look beyond stock charts to astrological charts. They follow financial astrology: it's like ...
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Tom Wheeler, Former Lobbyist and Obama Loyalist, Seen as FCC Frontrunner
Tom Wheeler, a well-regarded venture capitalist and former cable and wireless industry lobbyist, is the frontrunner to be the next chairman of the Federal Communications Commission, according to top telecom analysts and D.C. policy sources. Wheeler, who is currently managing director at D.C.-based firm Core Capital Partners, is a longtime Obama loyalist. During Obama’s first presidential campaign, he and his wife Carol spent six weeks in Iowa, where they worked the phones and knocked on doors for the candidate. Wheeler also raised hundreds of thousands of dollars for Obama’s two presidential campaigns, according to the Center For Responsive Politics. Wheeler recently received a major boost when several prominent former Obama administration officials wrote a letter to the president supporting his candidacy. “Tom has had an impressive career in the telecommunications and high-tech field that makes him eminently qualified for this position,” the officials wrote. “He understands ...
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Stocks Rise Sharply, Led by Gains in Technology
(NEW YORK) — Technology stocks roared back Wednesday, driving the Standard & Poor’s 500 and Dow Jones industrial average to record highs. The industry has lagged the broader market this year, but surged after network communication company Adtran reported earnings that were double what Wall Street analysts expected. That boosted optimism that businesses will increase spending on technology equipment. Chipmakers Micron and Intel jumped, as did other network equipment makers like Cisco and JDS Uniphase. Stocks were also up on an optimistic reading of the Federal Reserve Bank’s latest minutes. Technology stocks rose 1.8 percent, the most of the 10 industry groups in the S&P. That’s a big change from tech’s weak performance this year. The group is up just 4.7 percent, trailing the S&P’s gain of 11.3 percent. “Tech has performed so poorly, it’s oversold and warrants some interest here,” said Scott Wren, a senior equity strategist at Wells Fargo Advisors. “If the economy ...
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Glass Lewis urges MetroPCS shareholders vote down T-Mobile USA deal
NEW YORK - Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against its proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to offer a sweeter deal.
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