Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Archive for August 2010

Hindenburg Omen

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It’s a minor victory when the general media express an interest in technical analysis (charts, graphs, and statistics) of the stock market.

Here’s a post in the Wall Street Journal with just a twinge of panic over the Hindenburg Omen.

The heroes over at ZeroHedge.com have been watching this development also.  (I recommend ZeroHedge as a daily read for investors. Some of the language is a bit salty, but Wall Street isn’t well known for its good manners.)

As a simple summary, the Hindenburg Omen shows when the market is divided.  The best analogy is that the Hindenburg Omen is like the  funnel cloud you see in the sky. It doesn’t mean a tornado will touch down, but it does mean you should prepare for the possibility.

A far more reliable indicator of the market starting to roll over (giving investors a chance to side-step a steep correction) is the distribution day analysis in the Investors Business Daily.  Searching this blog for “distribution” will give you a head start in the study.

UPDATE: Here’s a good revisitation by ZeroHedge of the Hindenburg Omen.


Written by heyercapital

August 24, 2010 at 6:07 am

of monopolies

with one comment

The following are the basic data points from the PostCrescent.com article about the Outagamie County Airport “making itself competitive.”

• Airport revenues growing at 1% per annum.

•  Airport’s expenses are growing at 8%-11%  per annum. (Do the math…)
•  Airport borrows $3 million in bonds to become its own refueling monopoly. (I’ll add, after putting the regulatory squeeze on competition with an ’06 Ordinance.)

Reporter concludes the article, and I quote: “The purchase has no direct impact on county taxpayers because the airport generates its own revenues.

I needed a good laugh this morning.

Written by heyercapital

August 23, 2010 at 7:06 am