Market Astrology: Facebook IPO, Boom or Bust?

The following is by Karen Starich, who uses astrology to forecast events in the financial markets. Check out Astrology Traders for specific dates and in-depth analysis of future events in the various markets she covers.

Last week the California-based company submitted it's regulatory filing to the SEC stating the company's intention to raise 5 billion in an initial public offering.  There is much speculation about the future success of the online social networking site and whether or not the public offering will live up to expectations.  The offering could topple Google's 1.9 billion initial float in 2004 and become the largest public offering for an internet company in history.   Skeptics claim Facebook's popularity may have peaked with rivals such as Twitter and Google's new online platform Google+ gaining market share.

The probability for Facebook to surpass any estimates is really high if the company goes public between March and August of this year.  There is a very powerful transit with Neptune (rules the internet and the masses) and the U.S. Venus (rules friends and social networking) during those months.  Investors could go nuts with this IPO, surpassing estimates, it could become like a cult stock following.  The IPO could be so big that it takes the whole stock market to new highs.

 

Facebook's IPO filing not only made a statement as the largest for any technology company but a glimpse into their earnings shows their attention to detail. In 2011, FB reported a net income of $1 Billion. Not $950 million or $1.2 Billion. Perhaps it was a shout out to Justin Timberlake's famous line from “The Social Network,” but the facts remain, they are very much in control. Not only will Mark Zuckerberg become one of the wealthiest men in the world, nearly 1,000 employees are expected to become millionaires overnight. Who would've thought playing farm games all day could be worth so much!