by Lynn Hayes Please note that the URL of this blog has changed and update your bookmarks. The Initial Public Offering (IPO) of Facebook stock occurs at 11 am today, May 18 2012. This is considered such a momentous offering that Mark Zuckerberg rang the opening bell at the New York Stock Exchange today. Venus, governing the accumulation of money and values, has just turned retrograde which often creates a reversal in the common thinking around the stock market. When Venus began to slow down in anticipation of its retrograde turn the stock market began its downward slide (other Venus retrograde periods have seen increases, so it has more to do with a change in viewpoint than a particular direction the markets take). We also have Saturn getting ready to change direction in late June. That is over a month away, but Saturn has already slowed down and will travel only a degree or so before it turns direct on June 25th. Saturn is the planet that provides us with a reality check. It does not suffer fools gladly, nor does it reward excessive optimism and speculation. There is plenty of optimism floating around because the Sun has just conjoined Jupiter, the planet of optimism and good fortune. Astrologer Grace Morris suggested that timing the IPO to begin after 10:45 am would put the Sun/Jupiter conjunction in the 10th house (representing the public exchange). But Jupiter is not always as beneficent as it may appear. Jupiter can cause us to become complacent and overreach, especially since Leo is rising on the ascendant of the IPO chart. The Leo ascendant is perfect for the kind of bigger than life event this IPO has become. And the Moon in Taurus right at the Midheaven, the peak of the chart, favors activities of finance and securities. Still, the planetary energy is ripe for disillusionment with Neptune, the planet of hopes and dreams, in a challenging square to the Nodes of the Moon which point the direction to our fate. This is a combination of factors that can be quite treacherous in an electional chart for a new business venture. I am not a financial adviser! But if I were, I would probably stay clear of the Facebook IPO. Disclaimer: I am not a financial adviser and this post represents merely my comments based on the astrology of the IPO. It should not be construed as financial advice of any kind.
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Considering that half of the Facebook population is still in grade school, I don’t expect its stock to do much.
Glad to hear from you Lynn.
yes, sometimes jupiter isn’t just about abundance–especially if one gets caught up in excess and greed as the down side of jupiter’s qualities… too much of a good thing syndrome. the IPO opening/timing feels off to me too. on paper using the kabbalistic cycles–you would expect it to be good since we are looking at the Wheel of Fortune path–a jupiter hour on venus day. in this case, with venus retrograde, it feels off. more like easy come, easy go, i’d say.
i’ve been really feeling this venus retrograde hard….that might be making me biased, but i’d pay attention to that anyways for myself and pass on the stock.
it was the NASDAQ opening bell
Thanks for the clarification Cristian.
Have so missed you. I check in everynight and no Lynn! Wild and crazy times for so many of us. Whomever said this “path”costs you not less than everything ” got that right. My second Saturn almost killed me but 2012 is just making me laugh. Hang on and really find your soul. You take good care Lynn. You are so valuable to us and more importantly. ..to yourself. The true secret.
I’ll second that! Bless you, Lynn.
Thank you! I have a post brewing about what’s been going on behind the scenes. :)
Geez, you write your commentary AFTER the fact that Facebook shares fell flat … some astrologer you are.
Actually this post was written at 10:30 am, before the stock began trading. So actually I hit the nail right on the head. Word on the Street is that the only reason the shares didn’t tumble is because the institutional traders kept it afloat.
I vouch for Lynn’s timing. She posted before it started to trade, and certainly before Facebook did its faceplant.
I’m interested in observing how it also affects Morgan Stanley, and banks at large, since they were the ones who handled the IPO. Same as it ever was, even now.
Heh. Called it right this time, if I do say so myself.
Boy, did you nail it!