OpEdNews Op Eds

Giving Tempo to the TWIST.

By   Follow Me on Twitter     Message Shalom Patrick Hamou     Permalink
      (Page 3 of 5 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; ; ; ; , Add Tags  (less...) Add to My Group(s)

View Ratings | Rate It


Author 45748
- Advertisement -

Labor Day brought the summer of 1929 to its conventional end on September 2. The next day the New York Stock Exchange had near record volume of 4,438,910 shares - The market was strong with what the press called a good undertone. On this very day, September 3, 1929 - as if by common consent - the great bull-market of the 1920s came to an end. In the days that followed, stock prices see-sawed under increasing volume as professional market veterans sought to unload.

The Quadruple Witching Hour:

September Friday 17th from 4:00 PM EST to 5:00 PM EST is Quadruple Witching Hour, which is prone to high volatility.

Rosh Hashana and Yom Kippur (in Hebrew ראש ×©× ×•×™×•× כפור):

There is a say on Wall street: "Sell at Rosh Hashana, buy at Kippur." well bad luck: this year Rosh Hashana fall on September 9th, the day of that dismal 30 Years US Treasury Bonds auction and Yom Kippur fall on a Saturday immediately after the Quadruple Witching Hour. It will be difficult to buy on a Saturday, won't it?

This year Erev Yom Kippur, falls on Sept 17th, 2010 or 9thof Tishrei, 5771, 911!

Eid al-Fitr (Arabic: عيد الفطر 'Īdu l-Fiá¹r"Ž)

The Eid (the sacrifice that marks the end of Ramadan) will fall (approximately) on September 11th - 13th.

For us economists holidays are a way to coordinate the economic activities of those who celebrate as well as those who don't. (confer Christmas for Christians, Passover for Jews, Indian marriage season,...)

Both Qu'ran and Torah forbid lending with interest.

You might not believe these urban legends but your opinion or mine are irrelevant to the stock market. What counts is what the average opinion believes the average opinion will be. This is what you want to discover:

In one of the greatest investment markets in the world, namely, New York, the influence of speculation (in the above sense) is enormous. Even outside the field of finance, Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market.
- Advertisement -


All these elements concur to the fact that the market crash will probably occur between Sept. 9th and Sept 17th.

As I told on my Facebook page, groups and events it is strongly recommended not own any long term assets:

------------------> from September 09th, 2010 at 9:00 AM EST.

------------------> till September 17th, 2010 at 4:00 PM EST.
- Advertisement -

Our day-by-day experiences with the effectiveness of flexible markets as they adjust to, and correct, imbalances can readily lead us to the conclusion that once markets are purged of rigidities, macroeconomic disturbances will become a historical relic.

However, the penchant of humans for quirky, often irrational, behaviour gets in the way of this conclusion. A discontinuity in valuation judgement, often the cause or consequence of a building and bursting of a bubble, can occasionally destabilize even the most liquid and flexible of markets.I do not have much to add on this issue except to reiterate our need to better understand it.

Long-Term Assets:

Long-term assets are anything you own which is not directed to your own day to day consumption: businesses, Stocks, debt instruments, real estate, and commodities including gold or silver.

Next Page  1  |  2  |  3  |  4  |  5


View Ratings | Rate It

Take action -- click here to contact your local newspaper or congress people:
Timing of the Crash

Click here to see the most recent messages sent to congressional reps and local newspapers

I have an engineer diploma from Ecole Centrale de Lyon (France) and a MBA from Boston University. Since 1986 till 1994 I have worked as a broker dealer on the French Domestic Fixed interest market. Since the spring of 1994 I have worked on the (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Yield Curve Twist Omen

Bonds Hammer Bernanke at Jackson Hole

Twist n' Shout: It's a Trap!

2012 The Mayan Calendar Scam.

Giving Tempo to the TWIST.

The Legends of Quantitative Easing