This is mostly incorrect allegations.
I can't believe people wrote almost 80 pages trying to figure out whether MA is a con or not. To me the answer is pretty clear. Let me summarize for those who don't want to dig through (and rightly so) all that MA bs :
1. Dow to hit 32-40K by 2015 - wrong
Since Aug 2012 when he reiterated the Dow would continue rising (which it did), he stated two scenarios:
- 32-40K before 2015.75; or
- 32-40K before end of 2017
And that was the upper end of the prediction. The lower end was roughly a doubling of the Dow. We paused around 2015.75, thus the second scenario is in play.
2. Gold to hit 5K by 2015 - wrong
I've never seen that prediction. It was always that gold would decline after 2011 to reach a low in Q12016 of < $850. I am talking about a prediction in a copy of his paid report.
3. Peak in government (which in his own interpretation means high in bonds and further collapse) by 2015.75 - wrong
It has been clearly explained that in the second scenario this would be transition from 2015.75 with Europe failing first, then the USA failing after 2017.9.
4. USD to further decline in 2011 - wrong
It has been stated innumerable times that the dollar would grow stronger from 2015.75 to 2017.9. That is part of his main theme of the dollar the last man standing.
5. Absolute high in real estate in 2007 - wrong
That was the (inflation-adjusted) high overall for real-estate in the USA, excluding the following sector. The sector attracting foreign capital (Chinese, Canadians) is still rising and made higher highs than 2007. This sector will top out no later than 2017.9. That sector was predicted by Armstrong's model of USA last economy standing and foreign capital ingress into the USA.
and the list goes on...
So, not just 1%-10% wrong but wrong big time. Also, he missed the recent commodity collapse and particularly oil.
Entirely incorrect. He predicted the exact $54 year end closing price for oil for 2014 back when the price was $100+. His low target has been $35.
You make up a lot of lies.
He predicted the Ukraine hot spot well before it was news.