Wednesday, October 08, 2008

In June 2008 I Pointedly referred to the 'Hindenburg Omen'

On June 16th I sent an email about the Hindenburg Omen. Here's an extract:

Please note a Hindenburg Omen was recorded on Wednesday. A HO is the precurser to every stock market crash. There is currently a severe lack of uniformity in the market. The odds of a crash based upon the history since 1985 is 27.0 percent. For background on what this entails please refer to the information below.
3) Within the next year (maybe 24 months), the stock markets - and that essentially means the financial system - will crash. Banks are starting to go. If you have money in bank stocks, get it out. Also, if you've been saving up for some sort of big world trip, some sort of amazing holiday bor honeymoon, I suggest you take it now. (Yes, today, and don't spend more than a few weeks there or you won't be able to make it back). Right now oil is trading at $135, and R/$ exceeds R8.
4) The implications of 3) are essentially that subsequent to the crash, you will only be able to hold onto your job for a few days, maybe a few weeks. And that means within a year, 2 at the most, most of you reading this, will no longer be working and you will never again see the prospects for doing the sort of work you're doing now again in your lifetime. Some might be pretty happy about this.
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