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The Creator Of The Hindenburg Omen Is Dumping All Of His Stocks!


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From Forbes:

And he’s out. The blind mathematician behind the Hindenburg Omen (you remember, that’s the technical indicator that tells us a stock market crash is nigh) tells the Wall Street Journal he’s gotten out of stocks a little more than a week before September, when this crash is supposed to happen.

Jim Miekka, who developed the indicator more than a decade ago, says...

http://blogs.forbes.com/lizmoyer/2010/08/23/hindenburg-omen-prompts-exit-from-stocks/?partner=dailycrux

Edited by getdoon_weebobby
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I have two share accounts with Hargreaves Lansdown , one where i keep the shares for keeps and one which i hold my frequently traded shares.

i'm now 100% cash in them both , even ASOS and Admiral which i have owned for years have gone. I'm in a position i have never been in before and that is one of wanting the market to crash. Sod the yield i feel its time to preserve a bit of capital.

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Oh no :o

Although it could be exactly the wrong time to get out. Doug Kass, who's made some great short-term market timing calls, reckons it's time to re-risk:

http://www.cnbc.com/id/38790512

The ECRI leading economic indicator is bottoming. M4 decline in the US has bottomed out at -10% YoY and is now slightly less than -10% YoY.

Back to 1220 on the S&P 500 - go on... one last time :D

Edited by AvidFan
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I reckon now could be the time to be fully invested or fully in cash. A cloud went past a while ago that looked a bit like an arrow pointing down, on the other hand I'm sure I saw the word 'Buy' in my porage oats when I poured them into the water this morning.

What's the difference between someone who thinks they are going to live forever and someone who thinks they can predict the stock market?

I think the Jehovah's witnesses who regularly visit me talk more sense than stock market pundits.

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I have two share accounts with Hargreaves Lansdown , one where i keep the shares for keeps and one which i hold my frequently traded shares.

i'm now 100% cash in them both , even ASOS and Admiral which i have owned for years have gone. I'm in a position i have never been in before and that is one of wanting the market to crash. Sod the yield i feel its time to preserve a bit of capital.

+1

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+1

Just flogged my grands worth of Centrica shares.

At a £15 loss. I only bought them as HL insist on a min £3k initial investment in their ISA.

Im not even looking at BPs price. That'll teach me to be a greedy, unethical ******wit wont it readers.....

Im just sticking to guitars in future.

Conversely, had i bought some nice shiny QE2 sovs from Baird the same day, id be about £160 quid up now.

Its all pissing in the wind anyhow. Got my eye on a repo, repod today in fact, so maybe its time to stump up, check out and quit worrying about ******ing money for a change.

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Just flogged my grands worth of Centrica shares.

At a £15 loss. I only bought them as HL insist on a min £3k initial investment in their ISA.

Im not even looking at BPs price. That'll teach me to be a greedy, unethical ******wit wont it readers.....

Im just sticking to guitars in future.

Conversely, had i bought some nice shiny QE2 sovs from Baird the same day, id be about £160 quid up now.

Its all pissing in the wind anyhow. Got my eye on a repo, repod today in fact, so maybe its time to stump up, check out and quit worrying about ******ing money for a change.

If it's any consolation, I think it's all downhill from here - or at least - from 2011. We may get a nice surprise from Q3 numbers and the markets pick back up again - who knows.

House prices, stock markets, commodities - all down now(ish) - or maybe one last bounce into October - until 2012 at the earliest.

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If it's any consolation, I think it's all downhill from here - or at least - from 2011. We may get a nice surprise from Q3 numbers and the markets pick back up again - who knows.

House prices, stock markets, commodities - all down now(ish) - or maybe one last bounce into October - until 2012 at the earliest.

It was that flash crash that did it for me. Nothing seems the same since.

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I have two share accounts with Hargreaves Lansdown , one where i keep the shares for keeps and one which i hold my frequently traded shares.

i'm now 100% cash in them both , even ASOS and Admiral which i have owned for years have gone. I'm in a position i have never been in before and that is one of wanting the market to crash. Sod the yield i feel its time to preserve a bit of capital.

Difficult isnt it. I have the same two accounts, but cant decide whether to offload now at a small loss , or hang on to them and offset any losses against a large CGT gain i will have along the line. Majority are in foreign stuff and so called things to beat the recession stuff.

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From Forbes:

And he’s out. The blind mathematician behind the Hindenburg Omen (you remember, that’s the technical indicator that tells us a stock market crash is nigh) tells the Wall Street Journal he’s gotten out of stocks a little more than a week before September, when this crash is supposed to happen.

Jim Miekka, who developed the indicator more than a decade ago, says...

http://blogs.forbes.com/lizmoyer/2010/08/23/hindenburg-omen-prompts-exit-from-stocks/?partner=dailycrux

He uses the same tea leaves as me. They are just so much cheaper than advice and just as correct.

Me thinks a big chill more than 50% likely this autumn and the tea leaves erred on the side of cash since June.

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  • 441 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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