Reuters tells us all about the “Hindenburg Omen” technical indicator: Named after the zeppelin disaster that took place over Lakehurst, New Jersey, in 1937, the pattern is a “rare but potent” sell signal, said Jay Shartsis, director of option trading at R.F. Lafferty & Co. For this to be activated, it requires at least 2.2 [...]
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Tyler Durden (if that’s his real name) over at Zero Hedge brings us, as he so often does, a light-hearted and amusing look at the hilarity of the market. Or, specifically, how every major firm has their own Skynet and are each trying to out-Skynet everyone else, illegally. Awesome. Recently we posted a required reading [...]
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More doom from Marc Faber, forecasting a general bad mood that will turn into a deflationary spiral: In the August edition of the The Gloom, Boom & Doom Report Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends. [...]
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If you need more proof of the coming of the apocalypse — the cast of the Jersey Shore rang the opening bell today at the NYSE. (I’m six hours behind Eastern right now, so just seeing this, sorry if it’s old news.) This video is great for three reasons: 1) The revelation that THIS is [...]
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We usually only give out Boot Awards for various bank CEOs, but Tony Hayward is notable, notorious, the CEO of a public company and has put his foot in his mouth with bank-CEO regularity, so it seems apropos enough of LOLFed to commemorate his ouster: Tony has what I’d probably consider a bronze or silver [...]
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