Wednesday, August 14, 2013
Market down 90 pts or so as of this writing..
Something about a 'Hindenburg Omen'
OOhh.. that sounds utterly spooky doesn't it kids?
The Hindenburg Omen is a technical analysis pattern that is said to foreshadow a stock market crash. It is named after the Hindenburg disaster of May 6, 1937, in which the Zeppelin airship Hindenburg crashed and burned.
We wonder what the "Omen" that caused the 1929 crash was called?
The nuts and bolts of what makes the market omen-worthy is very technical and to try to explain it, we're going to lose a lot of reader's attention spans..
Something about comparing NYSE 52 week highs vs lows within a 2.8% threshhold while comparing 50 day performance windows to 10 week moving averages.. blah blah..
See.. we told you we lost you..
Just wanted to show you we actually understood all that mumbo-jumbo
Actually we feel a little hurt; a bit left out of the process..
And one doesn't have to be Nostradamus to see how it will end up possibly this autumn...
A stock market at an all time high and every 1000 points in NYSE means an additional Trillion dollars in artificial asset value.
At its lowest of the post-Lehman low in early March 2009, it closed at 6,628. At this second, the Dow is 15,365 and there's been Zero genuine improvement in the overall everyday economy we live and survive in..
Crashes usually occur historically in September or October because this is what is known as profit-taking season and you can't take profit until you see truly how organized or chaotic your financial bookkeeping is..
So the market is most prone to dramatic fluctuations, a downward trend and corrections from earlier in the year. If they spark panic or massive sell-offs, then you have potential for crisis
And when there's a crisis, Washington DC does everything humanly possible to protect banks, corporations, its CEOs the market and every other soulless, sociopathic entity to keep the systemic and power status-quo running..
The Panic of 1907 which was the event which brought about the creation of that evil Federal Reserve began on October 14, 1907
The market crash of 1929 began on October 24th with 'Black Thursday' followed by 'Black Tuesday' on the 29th..
The market crash of 1987 occurred on October 19th
The 2008 market crash began on September 16th with the collapse of Lehman Bros.
All we know is you shouldn't be in the stock market if at all possible in the first place, and if the market truly was on par with the economic reality, the Dow would be at 7,500..
So will it crash? Who knows..
Should it? Oh you betcha~
Posted by Susquehanna at Wednesday, August 14, 2013