The 1940s-style song heard following the terrorist bombing is "Tokyo Shoe Shine Boy", released in 1951 by jazz singer Teruko Akatsuki. The year was 1929, and America was in the late stages of its greatest bull market to date. I think most people on this board know the reference. Nightly Elliott Wave Analysis for GOLD, SILVER, DOW Jones, S&P 500, WTI Crude Oil, EURUSD, GBPUSD, USDJPY. It was the winter of 1928 when JFK’s father, Joe Kennedy, was said to have received a stock tip from a shoeshine boy – “Buy Hindenburg”. The comments below are an edited and abridged synopsis of an article by Rick Ackerman. In fact, the bullish percent was at or below 30%. The 1920’s Joe Kennedy; he later had a job guarding a henhouse, or something...look it up. Check out the Most recent Major Waves we caught! The story goes that Joe went straight to his office and sold everything, reasoning that it must be time to sell when the shoeshine boy gives you stock tips. Where would YOU suggest my helper invest his $1000, to double his (only) money quickly? I loaded your template, but this is what I get. by dago | 25th Mar 21, 10:12am 1616620366 Need MT4 Script hiding every indicators on chart window Post # 1; Quote; First Post: Mar 27, 2008 9:52am Mar 27, 2008 9:52am Greenhaze | Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts. When the shoe shine boys started buying stocks and giving stock tips, experienced traders knew it was time to sell out because the rally was way overblown. History has shown again and again that extreme bullishness is a contrary indicator. Market Timing Approaches There as probably as many market timing approaches as there are investors. While anecdotes about day-trading office workers may bring to mind the old saying that “it’s time to get out of the market when even shoeshine boys are giving stock tips,” Moriyama said frenzy comes in many shades. This was an indicator that the bull run was over. Today, January 26th 2021 I will be setting very tight stops on all my long term investing positions and getting ready for the upcoming crash - what I call "Doorman syndrome" and old timers calles "Shoe Shine Boy indicator" is clearly upon us. Hello Paulus I know how to write indicators and scripts but never wrote EA. Join Bullwaves, and discover future trends before they even begin. Shoe shine boy is a odd man out. Quoting BenQ. NOT A INDICATOR or a signal indicator. It is actually a true story as far as we know – Joseph Kennedy, by all accounts an extremely shrewd businessman and investor (despite the fact that he had graduated in economics*), really did get his shoes shined on Wall Street one fine morning, and the shoe-shine boy, one Pat Bologna, asked him if … They render their services to their employers and receive rewards in the form of salaries or wages in return. If anything, hearing your shoe shine boy giving you stock tips would be an indicator of mass adoption Anonymous (ID: YSMV4IPp ) 03/13/21(Sat)14:47:27 No. None of the boxes and arrows seem to line up properly. 30897116 For a long time, the key indicator of investor giddiness was when invidiual investors piled into the market. When people wore real shoes, there were plenty of shoe shine boys around. The song was not included in either the Japanese or American releases of the soundtrack; however, it had previously appeared on the release of the soundtrack from MASH (1970). Sentiment takes in everybody from the fabled shoe-shine boy… “In 1929 Joseph Patrick “Joe” Kennedy, Sr. JFK’s father, claimed that he knew it was time to get out of the inventory market when he bought funding ideas from a shoeshine boy. We are pretty sure his meeting with the market-savvy shoe-shine boy wasn't the only reason for which he decided to sell. The less famous undercurrent of this romantic tale of old-timey wit and nous is that Joe Kennedy was an … Joseph Kennedy, investor, regulator and father of President John Kennedy, once joked, “You know it’s time to sell stocks when the shoeshine boy tries to give you stock tips New York (NY) Post Kennedy reasoned that, if even shoeshine boys were playing the market, there was no remaining, untapped demand to support stock prices . . BULLWAVES Membership includes. To me it looks like there’s a trade in there somewhere. It seems that deflation has entered the mainstream and even the proverbial shoe shine boy is talking about it. Kennedy’s reasoning was that once a shoe-shine boy is handing out stock tips, it’s time to jump ship from an overvalued, speculation-rife market. Over the nine years prior, the Dow Jones Industrial Average increased tenfold to 381.17 at its peak on September 3 … The Shoeshine Boy Indicator. We are not there. Joseph P Kennedy is quoted as saying that he knew in 1929 that Wall Street was overly optimistic and a crash was on its way when he started to get stock tips from his shoeshine boy. This article is about the US number-one songs chart from 1950–1958.. “In 1929 Joseph Patrick “Joe” Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. Opinion: That shoeshine boy with stock tips is now on Reddit and Robinhood — and this bubble will burst like all the others Last Updated: Jan. 29, 2021 at 11:44 a.m. delete those. . Login or Register to post/report comments. You probably don’t have a shoe-shine boy, but if you do he definitely isn’t trying to talk you into shale oil plays. A recent headline from Forbes stated: Airbnb’s Higher Valuation Is Reasonable.You can count on the media to give reasons why a … On the other hand, shoe shine boy is a self-employed worker and carries out his occupation himself. Disliked. This Time, the Shoeshine Boy is a Player. We are pretty sure his meeting with the market-savvy shoe-shine boy wasn’t the only reason for which he decided to sell. and it was (high) time to get out. Another "end of cycle" indicator and symptom of Central Banker's 20 year campaign of currency debasement. The shoe shine boy indicator. ... to get out of the stock market before the 1929 crash when he was getting stock tips from the shoeshine boy. of financial markets, the single best indicator of an end-stage bubble is that everyone is doing it and, even worse, won’t shut up about it. Shoeshine Boys and Dockhands, Market Tops and Precious Metals September 16, 2020 Precious metals expert Michael Ballanger discusses the correlation between stock tips and market bubbles. We live right beside a very big park in London and I must say I was quite surprised by quite how many people were in … The Curb. “Shoe-shine boy” refers to Joe Kennedy’s market peak indicator. Status: shoe shine boy | 1,146 Posts. That was meant to be a tongue in cheek reference to the famous shoe-shine boy stock market indicator. 4 Neverland March 23, 2020, 12:18 pm. This is typically a very good entry point into the market. The 1920’s Joe Kennedy; he later had a job guarding a henhouse, or something...look it up. Some of these approaches are based upon non-financial indicators, some on macroeconomic variables such as interest rates and business cycles and some draw on the valuation tools that we used to analyze individual stocks – discounted cashflow and relative valuation models. “In 2005, couples used to come in together to buy books on stocks,” he said. There is an old story, whether true or not, that JFK Sr claimed that he knew it was time to get out of the stock market in 1929 when the shoeshine boy gave him tips on the stock market. The nickname for the American Stock Exchange. For the prior several years, the market's been missing one key element needed to mark a top: the "shoeshine boy" indicator. All others (a rickshaw puller, a mason, and mechanic shop worker) are hired workers. The Kennedy Secret to Spotting Market Bubbles. Neither is … Where would YOU suggest my helper invest his $1000, to double his (only) money quickly? A prominent poster* has talked about the somersoft leading indicator as a secret ingredient to his realestate success. This was when one of our main indicators, the bullish percent for the New York Stock Exchange, was at one of it’s lowest points. Hi Its my first post here. Contrarian Indicator(s): A Retail Investors (aka “Dumb Money”) Lately I’ve been hearing the word deflation everywhere, in the financial media, mainstream media, local tv stations and newspapers. 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