This psychic reading given by Edgar Cayce at his office, 115 West 35th Street, Virginia Beach, Va., this 6th day of March, 1929, in accordance with request made by self - Mr. [900].
P R E S E N T
Edgar Cayce; [900], Conductor; Gladys Davis, Steno. Mrs. Edgar Cayce and Mr. L. B. Cayce.
R E A D I N G
Time of Reading 9:00 A. M. Eastern Standard Time.
1. [900]: You will have before you the body of [137], ... Broadway - or who will be at 50 Broadway shortly - New York City, in the office of [900] Bros. You will have before you also the body of [900], present in this room, and also the reading taken on [137] yesterday morning [137-115], and the information concerning same. You will answer questions of a financial nature as regarding the interests of these two bodies and as regarding that information given in this reading.
2. EC: Yes, we have the bodies the enquiring minds, [137] and [900]; also the information as concerning the interpretation of the visions experienced by [137] [137-115], where conditions as were to appear were given the body, and where there was shown portion of same emblematically, a portion of same given as the picture of conditions as would exist concerning the market as a whole. Also these conditions shown emblematically, or as in picture of how individual stocks would be in the position of rising, or bolstered up by groups and individuals. Also, as was seen, that of how the warning was concerning the conditions of customers' accounts with same, while these were seen as an individual, as given, was of such as to require the thought concerning the great number that were in the position of being long or short when the individual knew the conditions that were arising, and be mindful that these customers did not bring worry and troubles. Now, as has been seen in the beginning of activities, that there is the general sliding off or breaking of stocks in the general manner; yet some individual stocks showing strength. These are particularly those of groups where combinations have been expected, and are STILL expected - yet there will be seen that unless some conditions change, some of THESE will show the biggest flops. Not that the conditions as has been given will not take place, but the disturbances and those elements causing the basis of the decline at the present time are APPARENTLY the more easily affected, and hence
900-425 Page 2
causing greater fluctuations. When these are then low, there will be the real time to buy. As has been given, there will be presented to the body, to the bodies, from time to time, those conditions wherein there may be the use made of the direction in both rise and decline in special or certain issues. Follow those as will be given from day to day and do not allow too long a standing of individual or customer's accounts without sufficient of that to protect same, either in the down or in the advance market. Ready for questions.
3. (Q) Regarding the traction stocks - (A) These, as we find, will be one of those that will have an advance, even in the face of some declines in seemingly better issues, for there will be groups that - as has been forming - attempting to bolster these up. Be OUT of these as soon as there is some profit, for it will rise to that, see? 58 and 84 - 7/8 - to 86.
4. (Q) Will it go there by about March 14th? (A) Be long before March 14th, and be much lower than that by March 14th. This is March the 6th.
5. (Q) Are we now in the proper position, having sold all but the tractions, including even those we call the Gary stocks? (A) In the proper position, and sell these as soon as there is a profit - for this will be obtained. There will be some fluctuations, and both a rise and a break, even in the day - this day.
6. (Q) Now what would I best wire [195]? I want to have him sell at the most opportune time. (A) There is an expected long decline. What is your wishes?
7. (Q) Will this decline turn into what we in Wall Street know as a real bear market? (A) Much too much mixed for a real bear market, see? for there has been in recent months a much greater tendency for larger combines than there has probably EVER been before. This will prevent that as would ordinarily, or has been termed bear market. This well indicated to the body [137] in how that the body chased the bull [137-115], or defended the friend AND the self against this animal - that represents the bull market, see? The red indicating the danger in the bull market, yet - as seen - there will still be the continued attempt to KEEP the market a bull market - hence we will have a mixture, but gradually sliding off, as seen at the present, with variations - though this - though THIS whole condition may change. Forget not there is still hanging over the situation that as has been given in the early portion of December [900-417] concerning the
900-425 Page 3
combination of radio, Western Union, Tel & Tel, and Westinghouse. These were given as to how the changes and how breaks. At the same time there was given that there was a division in the money conditions and positions. That fight has hardly begun. When this is an issue we may expect a CONSIDERABLE break and bear market, see? This issue being between those of the reserves of nations and of INDIVIDUALS, and will cause - unless another of the more STABLE banking conditions come to the relief - a great disturbance in financial circles. This warning has been given, see? Mind these are all in the position of being an influence in market conditions, and may turn EITHER way, as the conditions come. Now much may, will be received by these individuals concerning this condition; "for have I not promised thee, [900], that when troubles arises I will be at that Board? Heed, then, when command is given - for some squally times may be expected - but sit steady. I will guide the craft."
Gary just gave, as is seen, to the individuals that as is apparent in the face of the general reports of CONTINUED prosperity, yet there are troublesome conditions - April, May, June - may see many of these.
8. (Q) It is simply a case of playing safe, then, until we get word to do otherwise? (A) CORRECT - playing safe, for much better to be that a few points were missed here or there, even in a spectacular rise or fall, than to be worried and wondering where the end would be. Forget not the warning given here, as was seen - let not the worries of the conditions entering attempt to bring concentration so that the aid would come that would cause detrimental forces for the physical or mental being. We are through for the present.