NewsScope for July 23, 2002
Crisis of Confidence on Wall Street
Friday the Dow took a 390-point dive, capping of a dismal week of corporate accounting
and earnings woes. For the week overall investors lost a staggering $750 billion
as the major markets reached lows not seen since 1998 and 1997. The market slump
has jolted people's worlds, as capitalism itself is being broadly questioned.
an astrological perspective, such deep questioning of essential core values is
what the planet Pluto is all about. Pluto's slow orbit of 248 years means that
when it hits a critical degree or area, the intense transformations it engenders
tend to take an excruciatingly long time before the process is completed. Pluto
has been transiting through the U.S. Second House since 1997. (Editor's note:
WolfStar uses a Scorpio
Rising chart for the United States.)
Second House refers to values, both financial and metaphysical. Pluto's passage
here begins with a breakdown phase, leading to severe loss of personal income.
Ultimately, new attitudes toward property and material possessions must be developed.
Over the last two years Pluto's breakdown phase was activated by Saturn's opposition
from the Eighth House of corporate affairs.
Pluto has never before been in the U.S. Second House, Saturn visits there regularly,
every 30 years. Saturn's passage likewise has corresponded to severe financial
downturns, including the crashes of 1929 and 1987. As mentioned last week, the
market is probably hitting a short-term bottom now since transiting Jupiter is
opposed the U.S. Pluto. Still, in the long term, Pluto's presence in the Second
House remains a potent force. Pluto here insists on a collective attitude adjustment
about our overly materialistic society.
August 1 expansive Jupiter
enters Leo, marking the beginning of a one-year passage through the
sign associated with royalty, celebrities and heroes. Jupiter in Leo highlights
whatever shines brightly, and carries great dignity,
magnificence and splendor. When Jupiter enters Leo, confidence returns, and new
superstars emerge to lead others along a quest for a better and more beautiful
Jupiter forms challenging aspects to other planets, the path to success is challenged
by other views, other interests. Jupiter advances rapidly to form an opposition
in Aquarius, which happens to be exact on the ominous date of September
11. The Jupiter-Neptune polarity highlights the Leo-Aquarius axis, and by extension,
the critical problems of the New Age, the Age of Aquarius.
astrologer Ray Grasse's exciting new book Signs of the Times, the
Age of Aquarius is described as a polarity between Leo and Aquarius. Leo honors
the individual, and boosts the king or dictator, the Hollywood star or the CEO.
Aquarius works for a systems approach, which in the global village means building
democracies, alliances, networks and social equality.
in Aquarius is hopelessly idealistic for its cause, whatever that might be. Jupiter
in Leo is ready to pursue the hero's path in whatever form is available. This
axis when active frequently corresponds to Middle East turmoil, as the democratic
society of Israel confronts the autocratic societies of its Arab neighbors. In
the U.S. this polarity is particularly relevant as it shapes up during the election
season. CEOs, movie stars and Senators can become heroes or scapegoats overnight.
Jolie and Billy Bob
Raider star Angelina
Jolie and her husband of two years Billy
Bob Thornton are going their separate ways, having reached the point
of "irreconcilable differences." In an interview with US
magazine, Jolie says she hasn't seen Billy Bob since June 3, the day before her
birthday when he left her alone with their recently adopted son to tour with his
Jolie was born with beautiful Venus rising in the domestic sign of Cancer (June
4, 1975; 9:09 am; Los Angeles, CA), a placement that gives great love for home
and family relations. However, this Venus is exactly square Uranus, promising
that her relationships tend to be unreliable because whatever is new and unusual
holds more attraction than the tried and true.
Bob Thornton (August 4, 1955; Hot Springs, AR; time unknown) has six planets in
creative Leo, all squaring Saturn, which gives a constant need to prove himself.
The easygoing Sun-Jupiter conjunction can relax for awhile, but with a tight Mars-Saturn
square, the underlying irritation to accomplish something really big is always
Bob's Venus is conjunct Uranus, giving him the same need for highly stimulating
and even bizarre relationships as Angelina. Then his Uranus is perfectly aligned
with her Venus-Ascendant. These Venus-Uranus links created a spontaneous love
affair, characterized by bizarre love rituals and plenty of exciting Hollywood
gossip. However, they split* just as suddenly as they bonded, exactly as transiting
Uranus hit his Uranus and her Ascendant-Venus.
as transiting Saturn was exactly conjunct her Juno, the marriage asteroid. See
June 19, 2001 for more on Ms. Jolie.
readings are available from Michael WolfStar.