Introducing Thomas Hoenig, dirigible captain.The eye is not satisfied with seeing, Nor the ear filled with hearing.
—Ecclesiastes
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Fast forward 1:30 for a conversation on the Hindenburg Omen...
"Esoteric" or not (and I agree there are many such technical measures), the Hindenburg Omen deserves attention. Are stocks setting up for a steep decline? Odds are better than 50-50. Almost on cue with direction recently given by Kansas City Fed president, Thomas Hoenig, the stock market — Warren Buffett's long-term weighing machine — apparently is agreeing that, a whole lot of hot money is creating a whole lot of uncertainty.
—Tom Chechatka
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