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Jim Miekka, Creator of ?Hindenburg Omen,? Dies in Accident
- Thread starter Emily
- Start date
BestlaStormcrow
Well-known member
Re: Jim Miekka, Creator of ?Hindenburg Omen,? Dies in Accident
I worked at a floor brokerage on the day of the 1987 crash. Wow, was that ever a spectacle! Seeing people's faces as hundreds of thousands of dollars (customers' and brokers') just vanished.
There are a lot of factors that come together in October to make it an anxiety-producing time. Ebola (or more accurately the fear of ebola) is just one of them, but also a smoke screen for losses that might be more troubling to investors. Much easier to blame bad numbers on that than more mundane economic causes.
I worked at a floor brokerage on the day of the 1987 crash. Wow, was that ever a spectacle! Seeing people's faces as hundreds of thousands of dollars (customers' and brokers') just vanished.
There are a lot of factors that come together in October to make it an anxiety-producing time. Ebola (or more accurately the fear of ebola) is just one of them, but also a smoke screen for losses that might be more troubling to investors. Much easier to blame bad numbers on that than more mundane economic causes.
Emily
Editor, Senior Moderator
Re: Jim Miekka, Creator of ?Hindenburg Omen,? Dies in Accident
That must have been something to witness, Bestla! At least there was no recession after that crash and I guess the market did bounce back. Still so many got caught in that panic.
I found this sad news on Miekka because I was wondering if that Omen had triggered again. Sure enough it has and must be what's bringing back memories of 1987:
They say trading is computerized now and that indicators like that are no longer valid, (anymore than jobs are). We'll see. I believe superstition and psychology run the market and the Hindenburg Omen triggered on Sept. 19th - the very same day a man infected with Ebola boarded a plane in Liberia and headed to Dallas, TX.
Now I'm spooked. :bat:
That must have been something to witness, Bestla! At least there was no recession after that crash and I guess the market did bounce back. Still so many got caught in that panic.
I found this sad news on Miekka because I was wondering if that Omen had triggered again. Sure enough it has and must be what's bringing back memories of 1987:
They say trading is computerized now and that indicators like that are no longer valid, (anymore than jobs are). We'll see. I believe superstition and psychology run the market and the Hindenburg Omen triggered on Sept. 19th - the very same day a man infected with Ebola boarded a plane in Liberia and headed to Dallas, TX.
Now I'm spooked. :bat: