<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In 1995, mathematician Jim Miekka coined a phrase for an </span><a href="https://www.9news.com.au/world/taco-donald-trump-always-chickens-out-greenland-retreat-back-down/7b017a28-6b64-4624-9ae6-c4f636559f67" rel="" target="" title="economic indicator that could signal a recession"><span>economic indicator that could signal a recession</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Named for the doomed zeppelin, the </span><a href="https://www.9news.com.au/world/today-in-history-may-6-what-happened-on-this-day/e00667c0-b5db-4d8e-8f1b-a5758c9b491a" rel="" target="" title="Hindenburg Omen"><span>Hindenburg Omen</span></a><span> is supposedly triggered right before a stock market crash.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>And on the </span><a href="https://www.9news.com.au/finance" rel="" target="" title="New York Stock Exchange"><span>New York Stock Exchange</span></a><span> and the Nasdaq overnight on Friday, the Hindenburg Omen was triggered simultaneously.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-china-visit-beijing-elon-musk-billionaires-apple-boeing-tesla-brett-ratner-usa-news/ab06c2f2-4bdd-4b78-9f1e-1e779a0abba4" rel="" target="" title="The motley crew of billionaires tagging along on Trump's China visit"><strong><span>The motley crew of billionaires tagging along on Trump's China visit</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The indicator is when one side of the stock market is soaring while others are at record lows, AMP Economist My Bui told </span><a href="https://www.9news.com.au/meet-the-team/digital/nick-pearson" rel="" target="" title="nine.com.au"><span>nine.com.au</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If the economy is running well, then most of the components, or most of the stocks that are making up the index should actually all go up," Bui said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Else it might not be a sustainable rise."</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/world/hindenburg-omen-wall-street-economic-stock-market-crash-recession-indicator/89881ee0-5d40-43df-98a3-12b6aaace2bb" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Right now AI companies and other technology businesses are doing incredibly well on Wall Street.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Meanwhile, health care and telecommunications are struggling.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Right now the US share market is surging while consumer confidence is at a record low - a trend economists don't believe to be sustainable.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But the Hindenburg Omen is far from a guaranteed indicator of a looming crash.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-falling-asleep-white-house-dozing-nodding-off-usa-politics-news/e0bcbdf0-8aa4-4179-beaa-2b407fa839f1"><strong><span>White House furiously denies that Trump fell asleep in meeting</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While it has predicted just about every Wall Street crash in the past few decades, it has also forecast dozens more crashes that never happened.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The omen would have been triggered 69 times since 1965 - and there have not been 69 stock market crashes since then.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Brokers have been unfazed by the omen being triggered this time around.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The S&amp;P 500 Index hit a new record high overnight, up nearly 57 points.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>So what are the chances of a stock market crash?</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's never zero, and I do think it's higher than the historical average," Bui said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"But I think that if there's a big decline in shares, like, say, 10 per cent or more, then Trump would do something substantial to boost it up again."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The ASX200 has followed Wall Street up this morning.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-american-financial-situation-iran-usa-politics-news/461a3ba6-1091-439b-84ba-219d4d381e10"><strong><span>Donald Trump's latest comment will be used against him in November</span></strong></a><span></span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY:</span></strong></em><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="" title=""><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="" title=""><em><strong><span>Google Play</span></strong></em></a></li><li><em><strong><span>Make 9News your preferred source on Google by</span></strong></em><span> </span><a href="https://9.nine.com.au/8x987w" target="" title=""><em><strong><span>ticking this box here</span></strong></em></a></li><li><em><strong><span>Sign up to</span></strong></em><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="" title=""><em><strong><span>our breaking newsletter here</span></strong></em></a></li></ul></div></div>