(Editor’s Note: The author is a former editor at Futures magazine as well as has been in the futures business in editorial and marketing for decades. She continues in the business as a consultant, but has along the way studied astrology, a subject that has been accepted by royalty, military and political leaders throughout history. Combining her two areas of expertise, Gidel provides some outside the box views of the PFGBest failure.)
The sudden demise of PFGBest on July 10, 2012 following an attempted suicide the previous day by its owner, Russ Wasendorf, with revelation about embezzlement of customer funds has the industry, regulators, traders, customers and former employees wondering how and why it all could have happened. As an astrologer, I looked for answers—and found some—in the company, personal and event charts.
Let me say upfront that this Monday-morning quarterbacking of examining the astrological influences of a spectacular event is not only common in the astrological world, but frustrating. Sure, it’s great to see how the event played out given the astrological influences present. But, it always begs the question: Could this event have been predicted?
The answer in this case is an ambiguous “yes” and “no.”
Yes, there were certain large influences present that could have foretold in advance (but only if someone had been looking) that Peregrine Financial Group was not only going to be under extreme stress in June and July 2012, but also the character of that stress.
No, it would have been irresponsible of any astrologer to predict the exact events that unfolded as there are far too many moving parts and individual will involved. What’s more, could anyone have even imagined this storyline? I think not.
I see four major astrological indicators surrounding the PFGBest story, which are highlighted in different colors in the accompanying chart:
- Extreme stress for sudden, unusual transformation in the company was evident from June 7 through July10, 2012.
- Illusion about the company’s reputation that involves the public and fortune was significant beginning June 29, 2012.
- A timely trigger involving the company’s reputation on July 9, 2012.
- Timing and character of the suicide attempt at about 8 a.m. on July 9, 2012 is evident.
Click for enlarged chart
For those of you comfortable with technical analysis of the markets, the first two indicators are akin to looking a market’s weekly price chart for big, long-term perspective. The third is like a daily chart, and the final one is like an intraday chart.
Chart background and caveats
The accompanying illustration combines four separate astrological charts into one to see how each interacts with the others. In all four cases, the date and place are accurate, but the “birth” time is unknown and estimated, which limits the ability to fine tune any astrological analysis.