Yes the HO is everywhere. It was interesting that Richard
Russell in one of his recent notes happened to state he felt this
signal could be one of the more least effective ones because of the
popularity. I generally tend to agree. When something
has been working it generally needs to go through a rough patch
before it can work again especially when many people are on
board. What is then funny is Russell, after stating the HO
will not likely pan out, reiterates how he would only hold Gold,
the market will likely be crushed, quotes Joe Granville who is
looking for us to break the March Lows and lastly quotes how with
the Dow dividend at 2.7% is too low. Gotta love
Russell.
Not sure if it's 90%,
Is it just me, or does 90% of all people ...
Posted by steever on 17th of Aug 2010 at 08:46 am
Not sure if it's 90%, but talk of the Hindenberg Omen has definitely made it to the main stream media.
HO everywhere
Posted by tom on 17th of Aug 2010 at 09:12 am
Yes the HO is everywhere. It was interesting that Richard Russell in one of his recent notes happened to state he felt this signal could be one of the more least effective ones because of the popularity. I generally tend to agree. When something has been working it generally needs to go through a rough patch before it can work again especially when many people are on board. What is then funny is Russell, after stating the HO will not likely pan out, reiterates how he would only hold Gold, the market will likely be crushed, quotes Joe Granville who is looking for us to break the March Lows and lastly quotes how with the Dow dividend at 2.7% is too low. Gotta love Russell.
Tom, I think it was
Posted by ditch on 17th of Aug 2010 at 09:17 am
Tom, I think it was Art Cashin that said; "just when you find the key to wall street, they change the locks".....
Also, "when everybody knows something, it's not worth knowing".