QUESTION: Martin,
I couldn’t help but notice that the forth blood moon will occur on Sept 28 2015. This seems to coincide with your 2015.75 turning point. Any thoughts?
ANSWER: Our model has not taken astrology or events such as the Blood Moon into account. They may be markers, which have been correlated to events, but I personally do not believe that they are the CAUSE of events.
It is still part of human nature to seek a cause and effect to reduce complexity to a single event. Clearly, Babylonian astrology was the first organized system of astrology, which rose during the 2nd millennium BC. This was obviously a major research project that sought to correlate events on earth to the heavens. Even the Three Wise Men of the Nativity who traveled for the birth of Jesus were Zoroasters from Persia who studied the heavens. The appearance of a comet was the birth or death of king. This coincides with the birth of Jesus, as it was with the death of Julius Caesar, depicted on this coin of his nephew Augustus confirming to the people that Julius Caesar was divine.
There is speculation that astrology of some form appeared in the Sumerian period in the 3rd millennium BC, since there are isolated references to ancient celestial omens dated to this period as well. Recent discoveries of Hammurabi Law Code revealed it to be copied in part from Sumerian law. The Legal Code of Ur-Nammu (ca. 2100BC) is the oldest known, written law code that predates Hammurabi’s law code by about 300 years. Martin Schøyen, a Norwegian collector of manuscripts, compiling over 13,000 documents, provided translation for this legal code.
The history of scholarly celestial divination is therefore attributed to begin with late Old Babylonian texts (c. 1800 BC), continuing through the Middle Babylonian and Middle Assyrian periods (c. 1200 BC). This was a major research project that provided the roots in calendrical systems used to predict seasonal shifts and to interpret celestial cycles as signs of divine communications.
Up until the 17th century that astrology was considered a scholarly tradition, which drove the development of astronomy. It was commonly accepted in political and cultural circles and was incorporated into alchemy, meteorology, and medicine. By the end of the 17th century, the scientific concept in astronomy of heliocentrism championed by Nicolaus Copernicus (1473-1543), irrevocably undermined the theoretical basis of astrology causing it to fall from grace as a valid academic study. Still, it was the greatest effort made to correlate everything organized by society.
Consequently, if such events line up with our Economic Confidence Model I would not be surprised given the fact that these events are cyclical based, as well as the amount of human effort put forward to catalog and correlate such events. Whether these events can be used to specifically determine if a market will rise or fall is for someone in that field to postulate. That was not an input into the model and if such events line up with the ECM it is most likely simply in part due to the observations that correlate on a cyclical perspective. That may be a form of ancient confirmation of a major turning point, but it is not the source from which the model picks such turning points. We track the footsteps of man, not the heavens in that respect.
