Skip to comments.We Have A Hindenburg Omen Sighting
Posted on 04/15/2013 3:50:44 PM PDT by RobertClark
Remember when the last time a cluster of Hindenburg Omens nearly toppled the market in August 2010 and the only saving grace was Ben Bernanke's QE2 announcement at Jackson Hole which sent risk soaring? Today, nearly three years later, we got the first instance of the Omen again. Will it be a one-off fluke, or a cluster, which is needed to confirm this dreaded technical formation? Stay tuned in the coming days to find out...
The last cluster was Aug 2010 (and was only saved by Bernanke), the previous cluster was Oct 2007 and we know what followed... (red bars are Hindenberg Omens)
Full details of construction here.
The American market is (somewhat) strong.
I call “harse manarr”.
With $85b per day in excess liquidity needing to be mopped up somehow, it is hard not to at least give the outward appearance of prosperity. A quick glance at the underlying fundamentals makes you want to run and hide - in a hurry!
$85b per month - not per day.
ZeroHedge predicts economic/market collapse pretty much every day. They’ll get it right one of these times.
I am wearying of “Hindenberg Omens”.
The biggest “I TOLD YOU SO” in the world is going to come from them...
Out of bond funds and into equities in about 5-4-3-2...
Even a stopped clock is right twice a day.
We live in a most unhappy country now. Uncertainty is making even successful people unhinged.
Without a vision the people perish. The alinsky rules require constant arson doubt and despair. We have all that. We are dying.
Yup, you're right, they may get it right this time.
Just for the record, I love ZeroHedge. I read it everyday and agree with many of their broader points. They are just a little too bearish, a little too obsessed with fiat currency conspiracies, and they've got to chill out on the goldbug thing.
Still, for all my criticism, not a day goes by that I am not reading the commentary on ZH.