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.