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Click here to visit the new home of Politics Daily!Stocks rose Friday and the Dow closed above 11,000 for the first time since before the Flash Crash of early May. September's dismal jobs reports raised traders' expectations for another round of monetary easing from the Federal Reserve next month. ...
(Sept. 7) -- The stock market has certainly been a hairy place lately, rallying slightly last week, only to unexpectedly diverge from the thriving mergers and acquisitions market and open low this morning. But is the ship really about to sink, as the Hindenburg Omen portends? Quick refresher: The Hindenburg Omen, or "HO" for short, is a tool created by blind former physics teacher Jim Miekka back in 1995 to monitor several intricate market indicators for signs of a collapse. Until recently, it languished in obscurity, but since it has been sighted arguably twice in the past 30 days (initially ...
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(Aug. 13) -- Is the stock market on the verge of another crash? If you believe in the so-called "Hindenburg Omen," an obscure technical analysis tool that proponents believe is uncannily effective at signaling the necessary preconditions, there is at least a 25 percent chance that such a significant drop is nigh. (And yes, the name is derived from the ill-fated dirigible that burst into spectacular flames and crashed back in 1937, killing 35 and taking down the entire zeppelin industry with it.) Murray Becker, AP The German zeppelin Hindenburg crashes to the ground, tail first, in flaming ...
Stocks closed broadly higher on thin volume Friday, helping the major averages to their best weekly performance in a year. The materials sector led the market's gains at the end of a holiday-shortened week as consumer staples and health care stocks lagged. ...
(June 25) -- For many investors, summer is a time to lounge on the beach with the latest best-selling book. This year, however, those looking for investing ideas might consider venturing outside of the finance section of their favorite local or online bookstores. Three recent titles, touching on topics as diverse as zebra psychology and child car seats, offer outside-the-box insights investors can put to good use. "Simplexity," by Jeffrey Kluger What it's all about: Many things that appear dazzlingly complex are actually quite simple, according to Time senior writer Jeffrey Kluger. And, as ...
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