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Monday, August 16, 2010

The Hindenburg Omen

Last time we had a bottom in the market we had the dreaded "death cross." Now this  time, we had the weekend news of the Hindenburg Omen, which supposedly would presage a crash in the stock market, because new highs and new lows were distributed fairly evenly.

Newsflash. The Hindenburg has already crashed, and so has the stock market. This "Omen" will once again, just mark another bottom in the bull's ascent!

2 comments :

Anonymous said...

quiet... only grasshopers chew on grass...

Anonymous said...

How about the for-profits education companies? DOE induced selloff is overdone IMO.