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 ...
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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