57 replies to this topic

[hhh]

Armstrong, after missing the extent of this decline, has been calling for a major retrace of the bounce all the way up which up until now has not materialized.

 

https://www.reddit.c...up_time_to_buy/

[Russ]

Armstrong, after missing the extent of this decline, has been calling for a major retrace of the bounce all the way up which up until now has not materialized.

 

https://www.reddit.c...up_time_to_buy/

Armstrong said in a radio interview that the stock market would peak in June and then there would be an important turning point in July, so far the June high has held for the SPX and DOW, he also said there has been a paradigm shift with the Nasdaq now taking the lead over the Dow and SPX. Unless you are subscribing to his services you are not getting the most current view though. 

[andr99]

 

Armstrong, after missing the extent of this decline, has been calling for a major retrace of the bounce all the way up which up until now has not materialized.

 

https://www.reddit.c...up_time_to_buy/

Armstrong said in a radio interview that the stock market would peak in June and then there would be an important turning point in July, so far the June high has held for the SPX and DOW, he also said there has been a paradigm shift with the Nasdaq now taking the lead over the Dow and SPX. Unless you are subscribing to his services you are not getting the most current view though. 

 

 

peak in June and turning point in July.......means in July we start to rise logically speaking

[hhh]

MA will let you know in August what that means (meant.)

[Russ]

 

What I don't understand here is timing.

 

He's long  or short the market for the coming months?

2032? It's 2022

 

No it is not, Armstrong has said for decades the west will peak in 2032.95  which you can see in his chart which was created recently and he said recently the Dow will hit 65K by 2032... 

[CLK]

How are we going to get a commodity boom with a deep economic depression?

 

I guess the market can go to SPX 7k into 2022, then sell off when the depression ends.

[andr99]

ancient romans before starting a battle asked the ''aruspicii'' what they were seeing in the interiors of sacrificed animals...........I would go back to that rather than reading the forecasts of these gurus that leave me in the same way that I would be if I didn' t read them   

Edited by andr99, 09 July 2020 - 04:17 PM.

[Russ]

How are we going to get a commodity boom with a deep economic depression?

 

I guess the market can go to SPX 7k into 2022, then sell off when the depression ends.

MA has already said this will be shortage driven commodity boom, production of products will be in short supply because of labor shortages and in the case of food the cooling environment could also be a problem.  He is not always right in what each cycle will produce but the cycle dates don't change and have had amazing hits for many decades on major markets regardless of what he thought the cycle dates could affect. Sometimes it is his AI computer making the forecasts as it did for this year predicting the unemployment numbers would go through the roof which they did and also that civil unrest would take a sharp uptick which again has been very true. 

[hhh]

Does anybody here find it odd that his "AI computer" runs on a DOS emulator?

[Russ]

Does anybody here find it odd that his "AI computer" runs on a DOS emulator?

How do you know that?  Have you seen his computer in person?