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In case you hadn't heard, Thursday's action on the New York Stock Exchange registered a technical anomaly known as the Hindenburg Omen. Read: just like the doomed German airship, the markets are fated to crash and burn. Still worse, Wednesday's trading action almost sparked Hindenburg Omen conditions. It takes two Hindenburg Omen trading days within a 36 day window to trigger the end of life in the markets as we know it.
NEW YORK (Dow Jones)--The U.S. economy is recovering and the Federal Reserve needs to raise interest rates, lest it leave in place a policy that will only fuel future financial imbalances, Federal Reserve Bank of Kansas City President Thomas Hoenig said Friday.
"We need to get off of the emergency rate of zero, move rates up slowly and deliberately," which will bring policy in better alignment "with the economy's slow, deliberate recovery," the official said.
Originally posted by Violater1
Federal Reserve chairman Ben Bernanke recently described the economic outlook as "unusually uncertain" ...
The correlation rate for the Hindenburg omen is 25%. One in four signals result in a crash of 7% or more. That is a high correlation for a technical indicator but no sure thing. Same signal over on the FTSE so if the markets do drop it will be a global wave event.