The Omen is a technical indicator that foreshadows not just a bear market but a stock-market crash. Its creator, a blind mathematician named Jim Miekka, said his indicator is now predicting a market meltdown in September.
The Omen was behind every market crash since 1987, but also has occurred many other times without an ensuing significant downturn. Market analysts said only about 25% of Omen appearances have led to stock-market declines that can be considered crashes.
Well, I think that accuracy rating is still far better than anything else we've ever come up with. Add to that a record issuance of junk bonds, which have lead to increased risk in the market, and the other ten reasons the Wall Street Journal lists to be cautious in the marketplace, and something's up.
Oh, and reason number eight? The "September effect".