>Armstrong predicted this mess<......like all stopped clocks.......tell it to the japanese he bankrupted........and btw....what mess.......the list of messes over the last 100 years has been nothing but fodder for worriers to chew one.......just another chuck hole on the road to happiness.......
That is not fair or accurate, Armstrong predicted dow 6000 in the early part of the decade by 1996 and then dow 10,000 by 1998. He was a super bull back when the precter's of the world were predicting doom. He did not bankrupt the japanese they got all their money paid back to them by HSBC after they took over republic bank. The reason the japanese placed their trust in him was because he predicted the high of the nikkei in 1989 and it subsequent loss of 10,000 point within a few months.
i don't know if there will be a great depression, i hope not, but i respect amrstrong, just reporting what he says.