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’Hindenburg sighted… on Bloomberg
Oh, the humanity! Oh, the HIND <GO>! Which function gets you, err, this when you tap it into your nearest Bloomberg terminal, as of Thursday:
Which are, of course, the components of the Hindenburg Omen indicator — allowing you too to watch for signs of a market crash.
Whatever happened to the Hindenburg Omen?
It’s now been just over a month since the first sighting of the Hindenburg Omen — the fearsome indicator which supposedly foretells stock market crashes.
It does so by counting the number of NYSE stocks making new highs and new lows simultaneously.
Dr Doom on stock markets, the Hindenburg Omen and what next
Marc Faber, aka Dr Doom, notes that Michael Kahn, who writes technical comments for Barron’s, recently highlighted the fact that according to the Hindenburg Omen [see explanation below], the US stock market had given several strong sell signals in July.