'Hindenburg Omen' Flashes: Technical Gauge And Its Creator Sense Stock Market Gloom

Wall Street Journal:

Forget about Friday the 13th. Many on Wall Street took to whispering about an even scarier phenomenon--the "Hindenburg Omen."

Read the whole story: Wall Street Journal

Comments

[Erdgeist]

08:53 AM on 08/16/2010

This omen is pointing to the fact that the market is experiencing both new highs and new lows at the same time. Not good. The market can't decide if it is a bull or bear.

What might really help the market is to have a tax put on each transaction which could generate as much as $50 billion to $100 billion per year (i). That might help the unemployed who have suffered because of Wall Street.

(i) http://thehill.com/homenews/house/56789-afl-cio-dems-push-new-wall-street-tax

[floodmfx]

07:53 AM on 08/16/2010

Why are the Wall St guys worried?
The politicians will just bail them out again using tax-payer money.
Wall St wins even when Wall St loses.

[Snowcrab]

06:21 AM on 08/16/2010

And I supose after the Hindenburg Omen crash there will be a dead cat bounce? Wall Street enriching the language.

[speedntktz]

05:02 AM on 08/16/2010

HP don't send me to SUBSCRIPTION pages. Whole story or nothing thank you.

[uniquindividual]

01:56 AM on 08/16/2010

New Rule - No links to articles that can't be read.

[texastrixie]

02:15 AM on 08/16/2010

I AGREE! What is the point of linking to two or three sentences with a big SUBSCRIBER ONLY notice below that. If we can't read the article, don't mention it. Besides, HuffingtonPost is free. If other publications want to entice cross-over readers, they need to provide at least a short version of an article. If HuffPo editors are picking these articles, they are wasting their time, and ours.

[TruEngineHearing]

03:00 PM on 08/16/2010

Total agreement.

[FogBelter]

12:00 AM on 08/16/2010

Everything will be fine, I'm sure.

[WaveRhydr]

10:51 PM on 08/15/2010

I got to tell you guys, Im really surprised at how everyone seems to be blowing this off. The Gold & Silver community was posting articles in March of 08 predicting a crash in '08. Not the majority of articles, but those of us who paid attention to them were getting ready for the crash that sure nuff happened.

I hope you guys are right now, just like I hoped that those predicting a crash in '08 were wrong then...but it feels to me like it did then that something wicked this way comes...soon.

[Igor13]

08:34 PM on 08/15/2010

I wonder if it's time to sell my Bon Vivant Soup stock?

[qzpm111]

11:21 PM on 08/15/2010

Nice avatar.

[Igor13]

06:58 AM on 08/16/2010

Thanks!
It's been in my top 10 album list since the moment I heard it.

[moose and squirrel]

08:16 PM on 08/15/2010

fear sells more than optimism.

[ztck5356]

05:45 PM on 08/15/2010

The only gloom and doom here is the realization that the US economic health is based on a financial system that is subject to crashes everytime any wannabe financial prophet decides to yell "boo." And that includes Ben Bernanke.

[raoulhubris]

02:21 PM on 08/15/2010

Flash! Wall Street Journal seeks subscriptions via alarmist teases of doom and gloom. It doesn't take a blind mathematician to know the economy is relying heavily on a tinkerbell entreaty to believe, boys and girls, believe.

[maxhardon]

03:01 PM on 08/15/2010

Yeah, it doesn't take a mysterious omen to realize that if you keep printing money and giving it away to the banks for free, then there is bound to be a crash on the horizon.

[uniquindividual]

01:57 AM on 08/16/2010

What are you refering to? The bank bailouts are largely paid back

[moose and squirrel]

08:35 PM on 08/15/2010

forget the market, invest in your own community. you get the advantages of watching what you invest in develop, benefit from the development when it is complete, and stabilizing your community by help your neighbor.

[thestargazer]

01:31 PM on 08/15/2010

All is well!!!

http://www.youtube.com/watch?v=zDAmPIq29ro

[kcinpa]

12:30 PM on 08/15/2010

Get ready to put some QID into your portfolio folks...

[stargazer13]

12:02 PM on 08/15/2010

The term quantitative easing (QE) describes a form of monetary policy used by central banks to increase the supply of money in an economy when the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.[citation needed] A central bank does this by first crediting its own account with money it has created ex nihilo (“out of nothing”).[1] It then purchases financial assets, including government bonds, mortgage-backed securities and corporate bonds, from banks and other financial institutions in a process referred to as open market operations.

[Saxton]

12:33 PM on 08/15/2010

I can allow myself to become panicked but then I remind myself that Murdoch owns the WSJ and he is the king of disinformation and lies. The validity of any reporting coming from a Murdoch publication is suspect.

[jcaunter]

02:06 PM on 08/15/2010

That is exactly what quantitative easing is--it is not hard. Just Google it--you will not find any source that says it is anything but that.

[Mark Harker]

01:06 PM on 08/17/2010

go to google and do a search then Wsj is far from the only thing to cover it.

[raoulhubris]

02:28 PM on 08/15/2010

Economic alchemy

[ejhickey]

11:48 AM on 08/15/2010

By publishing this theory and predicting a crash, everyone will short the market for September, 2010 and few if anyone will be long. Everyone will be expecting the crash. when if does not happen, everyone who was short , will buy to cover. this will set up a massive short covering rally in late September / early October 2010. By publishing this theory , WSJ has insured that the crash will not happen.

BTW, where was the WSJ with this theory before the last crash in 2008?

[wdw505]

02:02 PM on 08/15/2010

big deal

[Zeebob]

03:17 PM on 08/15/2010

WRONG. People are going to expect the crash so they are going to start getting out of positions and all the short people are going to start raking it in. Once the snow ball effect gets going, people with stop loss orders are going to get triggered and the avalanche proceeds.