Second Hindenburg Omen Confirmation In As Many Days,Third H.O. Event In One Week

[Ares]

Longs may be forgiven if they are sweating their long positions over the weekend: not only did we just have a second, and far more solid Hindenburg Omen confirmation today, with 82 new highs, and 94 new lows, but the Saturday is the day when Iran launches its nuclear reactor, and everyone will be very jumpy regarding any piece of news out of the middle east. As for the H.O., the more validations we receive, the greater the confusion in the market, and the greater the possibility for a melt down (or up, as the case may be now that the market is unlike what it has ever been in the past). Furthermore, with implied correlation at record levels (JCJ at around 78), any potential crash will be like never before, as virtually all stocks now go up or down as one, more so than ever before. And should the HFT STOP command take place, the future should be very interesting indeed (at least for the primary dealers, and the Atari consoles which are unable to VWAP dump their holdings in the nano second before stuff goes bidless).

http://www.zerohedge.com/article/second-hindenburg-omen-confirmation-many-days-third-ho-event-one-week

[Glass]

yes nothing like mystical numerological signals to explain deliberate wholesale theft and destruction. It was in the tea leaves. The goat entrails said so. Nothing we can do about it because it was foretold. Oh the humanity!

The economy is Ef'd, no one has done a thing to turn it around. I think that's all the "signs" any one needs.

[etc]

This Hindenburg stuff is just total BS. They pick some numbers here and there and put them together, charlatans. Reminds me of the movie "Pi".

[Uncle Salty]

Is there an ETF I can put my IRA money that goes up when the market goes down?

[Serpo]

Three Hindenburgs in a week dosnt sound good

Wherent hindenburgs full of helium and then it caught fire and nothing was left

[shakinginmyshoes]

Oh, sh!!!!!!!!!!!tttttt

[Neuro]

Oh, sh!!!!!!!!!!!tttttt



That was from the right person! We are DOOOOOMED!

[Phoenix]

Wherent hindenburgs full of helium and then it caught fire and nothing was left


Hydrogen. Franklin Delano Rosenfeld wouldn't sell helium to Germany...which is non-flammable.

[Gaillo]

Wherent hindenburgs full of helium and then it caught fire and nothing was left


Hydrogen. Franklin Delano Rosenfeld wouldn't sell helium to Germany...which is non-flammable.


I don't know how factual it is, and I'm too tired for a wikipedia search tonight... but somewhere in my knowledge gathering I seem to remember something about the U.S. being THE largest producer and/or stockpiled of Helium in the world. Anyone here who can confirm/deny this?

[Phoenix]

I don't know how factual it is, and I'm too tired for a wikipedia search tonight... but somewhere in my knowledge gathering I seem to remember something about the U.S. being THE largest producer and/or stockpiled of Helium in the world. Anyone here who can confirm/deny this?


http://online.wsj.com/article/NA_WSJ_PUB:SB1000142405274870439880457507129180800 0722.html

Worries Balloon Over Helium Reserve
Experts Say U.S. Is Mishandling Selloff of World's Largest Stockpile of the Gas

By ANA CAMPOY

CLIFFSIDE, Texas—Scores of scientists, corporate executives and government employees are fretting over the fate of a porous rock formation in this secluded corner of the Texas Panhandle.

In the rocks, tucked some 3,500 feet under cattle ranches and not much else, lies the world's largest stockpile of helium, a gas whose use in high-tech products has ballooned over the past decade.

But to the chagrin of many helium users, the U.S. government, which owns the gas, has been steadily selling it off and plans to close the storage facility by 2015.

Now an eclectic group of experts wants to save the helium depot, which is called the Bush Dome after an early (nonpresidential) landowner. The government isn't only getting rid of a necessary and valuable commodity, they argue, but it is doing so in a manner that discourages new production of the gas.

The National Research Council, a government-advising body, recently released a report it wrote in which it asked federal officials to sell helium only at market rates, instead of at an arbitrary price set by Congress—$64.75 per thousand cubic feet for 2010. The body also recommended that the government save some of the helium in the reserve for emergencies and that it encourage producers to fill it with more gas.

Selling the helium at a market rate would require big changes in an opaque market that is controlled by a handful of companies. The most immediate hurdle, though, is convincing Congress to shift its attention to a gas associated by most people with party balloons or chipmunk voices.

"They've got a couple of higher priorities," says Charles Groat, who co-chairs the study group.

But House and Senate committees say they are considering taking up the matter this year. "As a nation, we can't be a scientific leader if we don't have the critical materials to do research," said Bart Gordon, a Tennessee Democrat who is chairman of the House Committee on Science and Technology.

What happens to the U.S. helium reserve will have global implications. It supplies about one-third of the world's consumption of helium, a key material for a variety of processes, including medical diagnosis, chip and fiber-optic manufacturing, and vast areas of scientific research.

Helium is but one of several uncommon materials whose importance is growing while U.S. supplies dwindle. Helium-3, an unusual form of the gas that's obtained not from the reserve but from decaying material from the U.S. nuclear weapons program, is increasingly scarce because of its growing use in bomb detectors.Rare earth metals such as Neodymium and Lanthanum, used in hybrid cars and power-generating windmills, were mined in the U.S., but that mostly stopped partly due to competition from China, now the main supplier.

The U.S. helium reserve is the sole storage space of any significant size in the world, acting as a cushion when there are market disruptions. Helium, which is only economically obtained from natural-gas wells, must be quickly processed and sold off once it is extracted, if not stored as the government is doing, due to its lighter-than-air nature.

In 1960, the U.S. government started stockpiling the gas by buying it from a helium-rich natural-gas field near Amarillo. Back then, in the midst of the Cold War, helium was deemed of national-security importance for its uses in defense and aerospace.

But the Bureau of Land Management eventually accrued a debt of $1.3 billion in acquiring the helium and equipment to process it, and in 1996, the government decided to get out of the business. Congress fixed the yearly amount and price at which helium would be offered so that the debt would be paid and the helium gone by 2015.

The authors of the National Research Council report, along with some in the industry, believe that the government-set rate, which industry uses as a benchmark, has kept helium prices at a relatively low level that could be discouraging more exploration and production of the gas.

"There really needs to be more accurate pricing," said Bo Sears, of Dallas-based Inter-American Corp., a helium wildcatting company, which looks for gas in unexplored places.

Still, selling the reserve's helium at market rates would be difficult. The gas needs to be refined to be useful, and only four companies with the necessary equipment to do this are hooked up to the Bush Dome, making it difficult for competitors who aren't connected to the reserve to bid on the gas.

One of the four companies is Air Products & Chemicals Inc., the biggest helium supplier in the world. John Van Sloun, general manager for worldwide helium and rare gases, said the current price-setting system works well for his clients. "If they introduced a significant change in the pricing policy, it will introduce upheaval in the marketplace," he said.

[Joe King]

Wherent hindenburgs full of helium and then it caught fire and nothing was left


Hydrogen. Franklin Delano Rosenfeld wouldn't sell helium to Germany...which is non-flammable.

Too bad the Germans also chose to coat the outside of the ship with what amounted to rocket fuel.

Which is what you see burning in the pictures.
i.e. hydrogen burns clear.


Besides, who is it that says someone has to sell anything if they don't want to?
If FDR didn't want to sell "his" helium, that's his prerogative.

Not that I agree with FDR, mind you. Because IMHO he was as big a fag as Hitler was.
I mean, in a different time they'd have likely been really close, if you know what I mean....and I think you do. http://serve.mysmiley.net/winking/winking0048.gif (http://www.mysmiley.net)

[Neuro]

Party balloons could be much more festive if they are filled with cheap hydrogen instead of expensive Helium.