Tuesday, June 4, 2013

The Hindenburg Cluster: 2nd Omen In 3 Days

Perhaps for those not running for the hills, UBS' Art Cashin's views are noteworthy,

"proponents of the Omen will tell you there has never been a crash without the presence of the Hindenburg Omen.

"Sounds pretty compelling, indeed. Skeptics, however, note that every occurrence of the Hindenburg Omen has not been accompanied by a crash.

"In fact, three out of four times, there is no crash. Sounds a lot less compelling now. So, an omen is a caution –not a cause."

[…]

Of the previous 25 confirmed signals only two (8%) have failed to predict at least mild (2.0% to 4.9%) declines.

[chart, Hindenburg Omen defined]

http://www.zerohedge.com/news/2013-06-04/hindenburg-cluster-2nd-omen-3-days

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