Author Topic: Hindenburg Omen (stock market crash) (Read 29801 times)

Dreamframer · « **on:** August 19, 2010, 11:03 »

Did you hear for Hindenburg Omen? Is it really going to happen this September?

http://www.bloomberg.com/news/2010-08-13/-hindenburg-omen-suggests-another-leg-down-in-stocks-technical-analysis.html

donding · « **Reply #1 on:** August 19, 2010, 11:29 »

I always laugh when they say that unemployment has leveled out or decreased. They don't ever take into account the millions of people who have drawn all their unemployment benefits and have none left, therefore they aren't drawing it any more!!

Sorry had to add this....a lot of companies hire part time employee to save money on taxes. These employee do not qualify for unemployment because they are part time or are paid as contract labor..

pet_chia · « **Reply #2 on:** August 19, 2010, 12:06 »

The economy is really, really bad.

I don't know if there will be a crash this fall, but I do know that nothing which governments have implemented in the last several years have done the slightest thing to improve the economic situation, and a lot of their actions have caused the problems to become much, much worse. It might not crash this fall, but it will crash inevitably, and the longer that governments delay the crash by printing and borrowing money the more severe the crash will be.

Everything you need to know about economics can be summarized as follows: money doesn't grow on trees, and the government is not your Daddy. The more people who fail to understand these lessons, the worse the economy will become. People who act on the assumption that wealth comes from government checks or from artificially lowered interest rates are first of all not thinking intelligently or working productively, and second of all they tend to vote for more and more extreme "leaders" on the expectation that more wealth can be procured through coercion.

/soapbox

WarrenPrice · « **Reply #3 on:** August 19, 2010, 12:38 »

Quote from: donding on August 19, 2010, 11:29

I always laugh when they say that unemployment has leveled out or decreased. They don't ever take into account the millions of people who have drawn all their unemployment benefits and have none left, therefore they aren't drawing it any more!!

Sorry had to add this....a lot of companies hire part time employee to save money on taxes. These employee do not qualify for unemployment because they are part time or are paid as contract labor..

Yep. And, as my wife said after I found her another job

, there are plenty of jobs out there ... "I have three of them."

donding · « **Reply #4 on:** August 19, 2010, 13:07 »

Quote from: WarrenPrice on August 19, 2010, 12:38

Yep. And, as my wife said after I found her another job , there are plenty of jobs out there ... "I have three of them."

Warren That's a good one....lol.
Didn't you know women are multi talented??

They are accountants
They are housekeepers
They are chiefs
They are shoppers
They are baby sitters
They are bar keepers
They are counselors
They are nurse maids

Then they have their day job.

Elenathewise · « **Reply #5 on:** August 19, 2010, 13:11 »

Quote from: donding on August 19, 2010, 13:07

Quote from: WarrenPrice on August 19, 2010, 12:38
Yep. And, as my wife said after I found her another job , there are plenty of jobs out there ... "I have three of them."

Warren That's a good one....lol.
Didn't you know women are multi talented??

They are accountants
They are housekeepers
They are chiefs
They are shoppers
They are baby sitters
They are bar keepers
They are counselors
They are nurse maids

Then they have their day job.

Yeah!... So true:)

Pheby · « **Reply #6 on:** August 19, 2010, 15:08 »

Quote from: Elenathewise on August 19, 2010, 13:11

Yeah!... So true:)

Not for every woman, though!

gostwyck · « **Reply #7 on:** August 19, 2010, 15:16 »

Quote from: donding on August 19, 2010, 13:07

Didn't you know women are multi talented??

They are accountants
They are housekeepers
They are chiefs
They are shoppers
They are baby sitters
They are bar keepers
They are counselors
They are nurse maids

Then they have their day job.

Hmmm __ but statistically speaking women earn less than men. Have you heard the expression "A woman's work is never done"? That's why they get paid less.

djpadavona · « **Reply #8 on:** August 19, 2010, 15:17 »

My biggest concern is that all the printed money which was pumped into the system will lead to runaway inflation years down the road, and leave us with a much bigger problem than we started with. Given enough time I think our economy will rebound if the government stays out of it, and citizens start acting a little more responsibly (reasonably sized homes, less credit card debt, higher savings rate...).

But instead I think we will see a continuation of people asking government for their own personal bail out. What we have imo isn't a system which is failing, but a populace which is out of control and irresponsible.

rubyroo · « **Reply #9 on:** August 19, 2010, 15:22 »

Quote from: gostwyck on August 19, 2010, 15:16

Hmmm __ but statistically speaking women earn less than men. Have you heard the expression "A woman's work is never done"? That's why they get paid less.

I think that quote comes from at least my great grandmother's generation (1800's) - and refers to the the fact that no matter how well you wash up and clean stuff, you have to do it all again the next day - wash, rinse, repeat... until you die.

That's if you're the domestic type of course... in terms of household chores, I have a brother who is MUCH better at that stuff than I am.

ap · « **Reply #10 on:** August 19, 2010, 15:22 »

Quote from: Dreamframer on August 19, 2010, 11:03

Did you hear for Hindenburg Omen? Is it really going to happen this September?

http://www.bloomberg.com/news/2010-08-13/-hindenburg-omen-suggests-another-leg-down-in-stocks-technical-analysis.html

the hindenburg omen has predicted every crash that occured (since 1987?). however, not all hindenburg signs will lead to a crash. i'm actually trying to convince a relative to pull his stock portfolio, but....you can't game the system.

by the way, the hindenburg omen did precede the horrific 2007 crash that led to the bank bailout and our current economic recession.

donding · « **Reply #11 on:** August 19, 2010, 15:43 »

Quote from: ap on August 19, 2010, 15:22

Quote from: Dreamframer on August 19, 2010, 11:03
Did you hear for Hindenburg Omen? Is it really going to happen this September?

http://www.bloomberg.com/news/2010-08-13/-hindenburg-omen-suggests-another-leg-down-in-stocks-technical-analysis.html

the hindenburg omen has predicted every crash that occured (since 1987?). however, not all hindenburg signs will lead to a crash. i'm actually trying to convince a relative to pull his stock portfolio, but....you can't game the system.

I guess this means it time to start stashing that cash!

cathyslife · « **Reply #12 on:** August 19, 2010, 15:58 »

Quote from: djpadavona on August 19, 2010, 15:17

My biggest concern is that all the printed money which was pumped into the system will lead to runaway inflation years down the road, and leave us with a much bigger problem than we started with. Given enough time I think our economy will rebound if the government stays out of it, and citizens start acting a little more responsibly (reasonably sized homes, less credit card debt, higher savings rate...).

But instead I think we will see a continuation of people asking government for their own personal bail out. What we have imo isn't a system which is failing, but a populace which is out of control and irresponsible.

I agree with you.

Dreamframer · « **Reply #13 on:** August 19, 2010, 16:19 »

In nineties we had a hyper inflation here. Government started to print banknotes with 11 zeros. The biggest one was 500 000 000 000 dinars, which is a world record for a banknote. And for that money you could maybe buy a hamburger...or maybe not, I can't remember. Anyway, stores were totally empty, so we had to make even bread at home.

ap · « **Reply #14 on:** August 19, 2010, 16:24 »

Quote from: Dreamframer on August 19, 2010, 16:19

In nineties we had a hyper inflation here. Government started to print banknotes with 11 zeros. The biggest one was 500 000 000 000 dinars, which is a world record for a banknote. And for that money you could maybe buy a hamburger...or maybe not, I can't remember. Anyway, stores were totally empty, so we had to make even bread at home.

wow, you read news stories like that, but it's hard to comprehend the reality of the situation. did it mean that your entire financial savings were wiped out? and what happens post hyperinflation? did the money you have before revert to previous values?

Dreamframer · « **Reply #15 on:** August 19, 2010, 16:34 »

Yes, if your savings are not in foreign currency, all your savings get wiped out. After hyperinflation nothing comes back. But if you save in foreign currency you can buy a lot for few ...Euros for example. In that time there was a German Mark. I remember when my father got his monthly salary once. He wanted to convert it to German Marks, and he should get around 10 Marks. So he rushed to the bank to exchange those dinars for German Marks. When he got to the bank, his salary already lost it's value and became only 2 German Marks. So, he just threw it in the trash can in the bank....

But I don't think it can happen to USA. States are too powerful.

FD · « **Reply #16 on:** August 19, 2010, 16:50 »

Quote from: Dreamframer on August 19, 2010, 16:34

I remember when my father got his monthly salary once. He wanted to convert it to German Marks, and he should get around 10 Marks. So he rushed to the bank to exchange those dinars for German Marks. When he got to the bank, his salary already lost it's value and became only 2 German Marks.

So hyperinflation is very good to breed sprinters

Dreamframer · « **Reply #17 on:** August 19, 2010, 16:57 »

Quote from: FD-regular on August 19, 2010, 16:50

Quote from: Dreamframer on August 19, 2010, 16:34
I remember when my father got his monthly salary once. He wanted to convert it to German Marks, and he should get around 10 Marks. So he rushed to the bank to exchange those dinars for German Marks. When he got to the bank, his salary already lost it's value and became only 2 German Marks.
So hyperinflation is very good to breed sprinters

lol, it sounds funny from this time...

Blufish · « **Reply #18 on:** August 19, 2010, 16:58 »

Start stuffing the mattresses.

Oh and you forgot chauffeur on the list!

Snufkin · « **Reply #19 on:** August 19, 2010, 17:08 »

Quote from: Dreamframer on August 19, 2010, 16:34

But I don't think it can happen to USA. States are too powerful.

Empires never last, they always crumble and fall...

madelaide · « **Reply #20 on:** August 19, 2010, 17:09 »

Quote from: Dreamframer on August 19, 2010, 16:19

The biggest one was 500 000 000 000 dinars, which is a world record for a banknote.

I remember when my salary was millions of whatever our currency was by then.

Our economy is apparently doing well. The stock exchange prices returned more or less to what they were before the crisis, unemployment is about the same too, companies are reporting good results, people are buying. I read however about some fundamental aspects that seem to be showing future problems (I don't really know what these indexes are).

FD · « **Reply #21 on:** August 19, 2010, 17:30 »

Quote from: Dreamframer on August 19, 2010, 16:57

lol, it sounds funny from this time...

What can you do than just laugh? I lost a lot since my bank (or their overpaid "managers") had the clever idea to invest in American hot air balloons like Lehman. I lost thousand past May by the temporary euro collapse as I'm involved in outsourcing. The Asian gang of exchange traders led the demented panic as they are 6 hrs ahead of the EU and 12 hrs of NYC.

Watching the local Asian news channels, they don't even know where Europe is! They don't look at fundamentals, they are like headless chicken. If foreign debt was the issue, why not tackle the Yen since Japan has the highest foreign debt/BNP and it's dying of old age? Why still pick on the Euro when Hungary had problems? Hungary is not part of the Eurozone, as if they know.

They are ignorant, but not too ignorant to walk away with giant bonuses. Of course it all subsided when the Germans promised to pay off the Greeks by working till 67 years old. But nothing changed, and yet the Euro went back to 1.30$. At least a mortal flaw of the euro was exposed: don't take in countries that have a different economic lifestyle or productivity. Greece should never have been taken in, and probably not Spain and Portugal too. There were rumors then that Germany and the Netherlands would return to the good old Mark, and put an end to the reckless expansion both of the EU and the euro zone. Those voices will get stronger when it happens again...

Live from Brussels, for a couple of months

PixelBitch · « **Reply #22 on:** August 19, 2010, 18:43 »

I think we may all be better off if the real Hindenburg did crash into the stock exchange and explode...less shysters to mess up our lives.

djpadavona · « **Reply #23 on:** August 20, 2010, 20:48 »

I guess I am at a loss. How exactly is Wall Street the cause of our problems?

People blame everyone but themselves. We get ourselves into debt and buy homes we can't afford, then blame the government for not protecting us enough. We insist on buying muscle cars and SUVs, then bitch about the price at the pump or better yet blame the Bush Administration and Big Oil for destroying our lives. A few years from now people will be blaming Obama for a million things he had no control over either. Personal responsibility is the only thing which can turn our current plight around.

And there is no Hindenburg Omen effect on the stock market. It's horsesh*t, just like the January Effect, the Superbowl Predictor, Gann Theory, Elliot Waves, and all the other crap the financial media latches onto. But most people believe this stuff. Just like most people lose to the market averages, and most people buy and sell way more often than they should.

Graffoto · « **Reply #24 on:** August 20, 2010, 21:54 »

Quote from: djpadavona on August 20, 2010, 20:48

I guess I am at a loss. How exactly is Wall Street the cause of our problems?

People blame everyone but themselves. We get ourselves into debt and buy homes we can't afford, then blame the government for not protecting us enough. We insist on buying muscle cars and SUVs, then bitch about the price at the pump or better yet blame the Bush Administration and Big Oil for destroying our lives. A few years from now people will be blaming Obama for a million things he had no control over either. Personal responsibility is the only thing which can turn our current plight around.

And there is no Hindenburg Omen effect on the stock market. It's horsesh*t, just like the January Effect, the Superbowl Predictor, Gann Theory, Elliot Waves, and all the other crap the financial media latches onto. But most people believe this stuff. Just like most people lose to the market averages, and most people buy and sell way more often than they should.

What do you mean. we?

My wife and I have only one mortgage & no equity credit lines. Our cars are paid for and we have minimal credit card debt.

The problem was that the government relaxed its oversight of the banking system (biggest bunch of crooks on the planet) who in turn gave loans to people who had no business buying homes and could not repay the debt. I don't understand why that is so difficult for people to grasp?

And you are absolutely correct about his "technical" analysis garbage. That is absolutely what it is: garbage.

gostwyck · « **Reply #25 on:** August 21, 2010, 09:31 »

Quote from: nosaya on August 20, 2010, 21:54

The problem was that the government relaxed its oversight of the banking system (biggest bunch of crooks on the planet) who in turn gave loans to people who had no business buying homes and could not repay the debt. I don't understand why that is so difficult for people to grasp?

And you are absolutely correct about his "technical" analysis garbage. That is absolutely what it is: garbage.

Of course it was actually Clinton that relaxed the rules (introduced after the 30's crash precisely to avoid the same thing happening again) and yet no-one blames him for it. Having said that it was the Brit's that originally relaxed similar rules which, in order to be competitive, led to pressure on Clinton to do the same.

Microbius · « **Reply #26 on:** August 21, 2010, 10:06 »

Quote from: djpadavona on August 20, 2010, 20:48

I guess I am at a loss. How exactly is Wall Street the cause of our problems?

People blame everyone but themselves. We get ourselves into debt and buy homes we can't afford, then blame the government for not protecting us enough. We insist on buying muscle cars and SUVs, then bitch about the price at the pump or better yet blame the Bush Administration and Big Oil for destroying our lives. A few years from now people will be blaming Obama for a million things he had no control over either. Personal responsibility is the only thing which can turn our current plight around.

And there is no Hindenburg Omen effect on the stock market. It's horsesh*t, just like the January Effect, the Superbowl Predictor, Gann Theory, Elliot Waves, and all the other crap the financial media latches onto. But most people believe this stuff. Just like most people lose to the market averages, and most people buy and sell way more often than they should.

I agree with the causes that everyone has stated but the blame has to still fall on the government. Not because it's not the people's fault but because you can't expect people to act anything but selfishly. That goes for those giving out the loans and those receiving them. The bankers will pull any trick to turn a buck and the people will clamber for any money they can get their hands on. Regulation is the only thing that was stopping the freight train, once that was pulled things were bound to get out of control.
So yes, you're absolutely right, it is the consumer's fault for overspending and the bankers for getting greedy, but I (someone with zero debt except for a mortgage which I have always overpaid) want to be protected from these people's stupidity by the government, who I pay lots of money to in tax to do just that.

Fred · « **Reply #27 on:** August 23, 2010, 10:51 »

Want to know what is really going on? Why the US government needs to spend more to get the economy moving? Here are the fundamentals.

http://krugman.blogs.nytimes.com/2010/08/23/making-it-up/

Can't see how you fault that logic.

fred

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Author Topic: Hindenburg Omen (stock market crash) (Read 29801 times)

Dreamframer

donding

pet_chia

WarrenPrice

donding

Elenathewise

Pheby

gostwyck

djpadavona

rubyroo

ap

donding

cathyslife

Dreamframer

ap

Dreamframer

FD

Dreamframer

Blufish

Snufkin

madelaide

FD

PixelBitch

djpadavona

Graffoto

gostwyck

Microbius

Fred

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