Monday, August 16, 2010

That Hindenburg Omen Thingy

Technical analysts are talking about the appearance in the NYSE data of the Hindenburg Omen, saying it indicates a high probability of a market crash in the next 40 days.


If you're a regular reader here, you'll note this post from last month, which also predicts a coming market crash.  This isn't really news.

Time to get out of the market and into cash?  Why would you take financial advice from some nobody on the 'net? 

My perspective is that the two things reinforce each other.  They don't make it more likely, but if every technical indicator says "dangerous waters ahead", what kind of sailor wouldn't pay attention?

Oh. Yeah.  Right.

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