The rampant insanity makes for compelling drama. Everyday brings another installment of "As the Whirled Turns." How almost two thirds of the Hindenburg's passengers and crew survived the fiery crash is a miracle.
Take heart, most of us will survive this crash. In the meantime, think of life as a series of ongoing adventures.Another down day on Wall Street Thursday sent the Dow below 10,000 for the first time since early July. Fear in the market is being expressed by the continued rally in Treasuries and widespread chatter about an ominous sounding technical indicator: The Hindenburg Omen.
The Hindenburg Omen has a roughly 25% accuracy rate in predicting big market upheaval since 1987, meaning it's far from infallible but isn't inconsequential either. The indicator's creator, mathematician Jim Miekka, compares the Hindenburg Omen to a funnel cloud that precedes a tornado in a recent interview with The WSJ. "It doesn't mean [the market's] going to crash, but it's a high probability," he said.
Just sit back, relax, enjoy the ride.