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Tuesday, August 24, 2010

Hindenburg Omen ? Should you be "dancing close to the doors". Crappy housing data just released. Just wait until you see the crappy weekly jobs data and the big jobs data on the firdt Fri of each month! No jobs = bad housing data = no consumer spending = lower earnings = lower stock prices = happy bears

Wall Street has been whispering for a few weeks about the "Hindenburg Omen." Technical indicator that is supposed to signal an upcoming stock market crash.

The creator of this indicator recently said he is "dancing close to the door", ie. when the party is over, you want to be near the exit!

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