Today from Armstrong - "
Is The Recession Starting?"
Right at the end he says:
"...The ultimate rise in stocks in the years ahead (after a correction sling-shot move) will unfold simply as capital tries to secure its future by getting out of government bonds and banks." http://www.armstrongeconomics.com/archives/41421So, after looking at an earlier post of his from 19th December, I guess we can presume it's the latter scenario below?
"...There are only TWO possibilities which will be determined from the closings. Either we see a 2017 high in a Phase Transition now, which typically will not last beyond 13 months, or we continue to base into 2017 and then we completely invert meaning the high is pushed off into 2019/2020 with the bottom of the ECM." http://www.armstrongeconomics.com/archives/40638Anyone got any further input?