Jeff Pierce's  Instablog

Jeff Pierce
Send Message
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
All About Trends
My blog:
My book:
zentrader newsletter
  • Financial Astrology: JPM Earnings Report 0 comments
    Oct 14, 2012 9:06 PM | about stocks: JPM, XLF

    By Karen Starich

    JP Morgan's earnings report tomorrow will most likely bring no new surprises, but should we beware of the profits? I would not be overconfident about the banks here as there could be some reversal or exposure of the banks accounting quirks and debt value adjustments on October 15th-17th. Saturn has moved into Scorpio now which will bring a shift of inexorable pressure on the big banks to reform their banking practices and attitudes.

    (click to enlarge)

    On October 10th Jaime Dimon made comments during his discussion with the Council on Foreign Relations that the banks are strong and America is weak. The truth may be the opposite and we could start to see some revelations to that effect in the near future.

    The Fiscal Cliff

    Who ever coined that term? There is no such cliff, and any concept of default will most likely be avoided on or near December 26th. Just as Dubai mysteriously bounced back from it's economic collapse (no one seems to accurately know how the GDP is accounted for there, and companies have no obligation to submit accurate accounts to their banks , or anyone). So, America will also mysteriously bounce back from this economic setback and move on with or without the big banks in 2013.

    The following is by Karen Starich, who uses astrology to forecast events in the financial markets. Please join our free webinar on October 17th where I will be discussing the astrology of the coming elections, the "fiscal cliff", and economic opportunities for 2013.

    Related Financial Astrology Posts:

    Financial Astrology: Happy Columbus Day!

    Financial Astrology: State of the Markets Into 2013

    QE3 Was A Blatant Misuse Of Power

    Stocks: JPM, XLF
Back To Jeff Pierce's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.