You may recall that nerves were jangled this summer over the appearance of a recent Hindenburg Omen—the mathematical formula that measures the probability of a stock market crash, and has reportedly predicted every crash since 1985. Granted, the appearance of an omen didn’t necessarily mean a crash was incoming—though a “confirmed” omen, such as the one in June, substantially upped the chances of the market tanking.
Well, it looks like the numbers didn’t lie.
October 6th, 2008 at 12:11 pm
The Hindenburg Omen Was Right Again: Stock Market Plunges
You may recall that nerves were jangled this summer over the appearance of a recent Hindenburg Omen—the mathematical formula that measures the probability of a stock market crash, and has reportedly predicted every crash since 1985. …
October 6th, 2008 at 5:44 pm
What did anyone expect? The investors have no confidence in these corrupt politicians. This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? The government could do twice as much good for the economy by returning half as much money (as the bailout requires) directly to the hardworking American taxpayers. A bird in the hand is worth two in the bush administration.
October 6th, 2008 at 8:03 pm
I wish I had been reading your blog back in June. I could Billionaire by now.