Loading ...Armstrong Watchers Gather here
http://www.armstrongeconomics.com/archives/41581
OK lets collectively chime in on this…I am unable to find the time / need to try to figure out if he is being consistant
or
He is changing tunes every day
To Me….he has decided to defer to Socrates
So Army can….( as a mere human) …be off by a few years 2017 now becomes 2020 …
Pun : But will it be in hindsight ?
BUT Socrates (Hal) is the omniscient one
How do we know there really is a Socrates . Maybe Socrates will just wing it too .
But if Marty is wrong and Socrates right then …Now I am more confused
I really would like clarity on this please
Fully Confused
From my vantage point via EW, I know there are a number of competing wave counts out there. Including LT bullish counts.
The move up from 09 could have been, and still could be, just a three wave move. That has ended.
That would fit in with McDoo’s megaphone from 2000 (ABCDE) where down we go to new lows in E, underway. Beneath spx 666.
The bullish options primarily involve us having topped in May, and we’re in a corrective IV in the move up from 09.
That likely means we’re in C of IV, and 1867 will be tested if not broken.
Then we get MA’s slingshot for V up to new ATHs. Which could extend. That scenario seems to fit his outlook.
He doesn’t get UBER bearish until 2032 per his cycles work.
Now as to whether his calls are flip flopping, I’ve leave that to others. I’m just trying to put a little meat on his elusive phrasing here.
Armstrong got a lot of credit for supposedly calling the top in the Nikkei back in ’89. When he got out of prison he was calling for the peak in government confidence on October 1, 2015. The problem is that since then, the price of municipal bonds has been in a steady uptrend, indicating that confidence in the financial stability of local governments has increased. Take a look at MUB.
Other than that, he says a lot of things that are just plain nonsensical in my opinion.
I have tried to ignore all these prognosticators if I can because most of them are selling a service – so they have to keep talking!
Armstrong pretends that what he does is a public service and the fees charged are just to “pay salaries” but he is making plenty of money on 2000$ tickets to conferences and 400$ gold reports. There is definitely money on the line in terms of subscriptions and services. That being said, he seems to be a fun read and a pretty good forecaster.