Hindenburg Omen II
By Option Trading Blog on August 24th, 2010
We heard a lot about the Hindenburg Omen in the last couple of weeks, a series of internal technical indicators devised to predict major market crashes – the storied black swan events, in other words. I have no idea whether it is predictive or not, but apparently multiple occurrences of the Hindenburg Omen serve to reinforce the likelihood of a crash.
Well, folks, we’ve now had our second Hindenburg Omen in as many weeks. The first occurred on August 12 (my 21st anniversary…but I’m not superstitious). The second occurred Friday, although according to a WSJ article, all but one indicator was tripped on Thursday as well.
It feels as much like an imminent market crash as 2005/2006 felt like an imminent housing crash. I lay the blame at the feet of the geniuses in Washington, D.C. and their opportunist compatriots on Wall Street who are soaking the taxpayers for all their worth. Literally.
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Hindenburg Omen II
By Option Trading Blog on August 24th, 2010
We heard a lot about the Hindenburg Omen in the last couple of weeks, a series of internal technical indicators devised to predict major market crashes – the storied black swan events, in other words. I have no idea whether it is predictive or not, but apparently multiple occurrences of the Hindenburg Omen serve to reinforce the likelihood of a crash.
Well, folks, we’ve now had our second Hindenburg Omen in as many weeks. The first occurred on August 12 (my 21st anniversary…but I’m not superstitious). The second occurred Friday, although according to a WSJ article, all but one indicator was tripped on Thursday as well.
It feels as much like an imminent market crash as 2005/2006 felt like an imminent housing crash. I lay the blame at the feet of the geniuses in Washington, D.C. and their opportunist compatriots on Wall Street who are soaking the taxpayers for all their worth. Literally.
Tagged with: Crash, Fed, Government, Hindenburg Omen, Wall Street.