This Stock Market Indicator Is as Useful as Flipping a Coin
What is the Hindenburg Omen?
Investors use a host of technical market gauges.
One of them is the Hindenburg Omen, which is triggered when there is a high number of new 12-month highs and new 12-month lows and helps to detect stock market corrections.
According to Mark Hulbert, founder of the Hulbert Financial Digest, the indicator has been wrong as of late and investors might as well flip a coin to figure out if there is a looming correction coming in stocks.
Watch More with TheStreet:
- Just Because You Use Snapchat Doesn't Mean You Should Buy Snap Shares
- Sorry Donald Trump. Barack Obama is the King of Twitter
- This Is Why the Federal Reserve Needs to Raise Interest Rates Again This Year
- Here's How You Can Help Your Toddler Retire a Millionaire
