Timing of the Omen of a Financial Nemesis : FND - 8.

^{Google Trend for Hindenburg Omen}

Yes Folks, Hindenburg Omen Tripped Again from the Wall Street Journal.

Hindenburg Omen on Wikipedia


Mixed Signals and the Hindenburg Omen from Forbes

Note that the first manifestation of the Hindenburg Omen was on a 30 Years US Treasury Bond auction. The next one is on Sept.9^th.


Labor Day:

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 17^thfrom 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 9^th, 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 17^th, 2010 or 9^thof Tishrei, 5771, 911!

Eidal-Fitr (Arabic: عيد الفطر 'Īdu l-Fiá¹­r €Ž)

The Eid (the sacrifice that marks the end of Ramadan) will fall (approximately) on September 10^th- 13^th.

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.