What famous fortuneteller and astrologer "caused" the Great Depression?

LuvsThatTrivia

Evangiline Adams. http://www.fsmitha.com/h2/ch15-10.htm Oct 27 05, 9:28 AM

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Yeah Since 1927, a famous fortuneteller and astrologer, Evangiline Adams, from her New York City studio above Carnegie Hall, had been forecasting rises in stock market prices. She was believed to have foretold Rudolph Valentino's death and to have prophesied the 1923 Tokyo earthquake. She had been selling a monthly newsletter to a readership of around 100,000, and four thousand people were writing her daily. A few of her clients were wealthy financiers, and a few, like Mary Pickford, were famous. On October 22, stock prices were to end the day up slightly, but just after noon Evangiline Adams had forecast that stocks would fall the next day. How much this affected the market the following day is unknown. Now more investors wanted to sell, and the next day, to be known as Black Thursday, stock prices continued to fall, closing down another 3.2 percent - the index down to 372. People flocked to Evangiline Adam's studio for guidance. She told them of a favorable conjunction and interrelationship of certain planets that were creating "spheres of influence over susceptible groups," and she predicted good times ahead. After the last of her clients had wandered away, her broker told her she was down $100,000. Apparently stocks had declined more than she had expected, and apparently her loss caused her to panic. Lacking confidence in the forecast she had given her clients, she told her broker to sell at the opening of the market the following day. Oct 27 05, 8:37 PM