Hindenberg Omen Inventor Leaves Stock Market

Jim Miekka, inventor of the Hindenberg Omen principle, has left the stock market on fears of another crash. While there is a 77% chance of a crash, Miekka writes that there is only a 25% chance of a significant downturn. Still, he writes that the uncertainly of the market is too unstable and even if indicators didn't suggest such a crash, he would have left by the end of September, the worst months for markets. He compared the turn of events to a funnel cloud forming. You can see it, but it may never touch down or do any significant damage. Still, it doesn't hurt to have storm cellar. And that's right where Miekka suggest we go with our money. He does state that a 20% correction is all but certain at this point. We have to hope that it's not much much worse.
As the economy continues to falter, home sales have slid a to a new low, almost certainly due to the loss of the first time buyers home credit, eliminated by our Congress in a bid to save money. Way to go geniuses, you've helped stall the economy. With higher taxes coming and less services, a depression (which I believe we are actually in) will become readily apparent.
George Soros has sold 95% of his stocks in companies such as Walmart and JP Morgan. When people like this and Miekka start getting rid of everything, people with less than they have should listen. CNBC has reported that a market drop to 5000 is not out of the question. If you are reading this and own stock ask yourself why. If big investors are fleeing, why shouldn't you. The wisdom of riding out crashes is asinine. Buy low sell high. Be warned. The next rally may be a decade away.