Lots to cover in this post. Let’s get right to it.
THE GAMESTOP STOCK HEADLINES
I’ll let Wikipedia provide the one-sentence summary: “In January 2021, a short squeeze of the stock of American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.”
Onto the details.
On January 28, GameStop’s stock reached $483 per share (on January 4, a share could be purchased for $17.25). By February 2, GameStop shares lost 60 percent of their value. By February 9, shares plummeted 86 percent from their January 28 high. Per CNBC, “hedge fund Melvin Capital Management lost 53% in January” as a result of this short squeeze.
This case of severe stock market whiplash wasn’t terribly surprising to me, given the astrological climate.
As I explained in my January 7 blog post, 2021 will be dominated by a persistent square (90-degree) aspect between Saturn in Aquarius and Uranus in Taurus. I wrote:
“… in my eyes, this Saturn-Uranus square indicates major (Uranus) economic (Taurus) restructuring (Saturn) as we embrace a new world (Aquarius).”
This square will peak (AKA: be exact) at three different times in 2021:
- February 17
- June 14
- December 24
Although the aspect is active all of 2021 (and until November of 2022), the time periods listed above are when we can expect “Saturn square Uranus” themes to reach a boiling point.
As I explained in that same January 7 post: “given these two planets’ slow speeds, I will keep an eye on those dates — with a three-week window on either end” (the GameStop stock short squeeze falls within the ‘dates to watch’ of that first peak).
I want to explain why this event, in particular, epitomized Saturn in Aquarius.
[Read more…] about All the Astrological News That’s Fit to Print: The Stock Market, Democrats, Republicans, Donald Trump, and A Sneak Peek at 2024