Nonetheless, Armstrong HAS acquired a devoted fan base, he would not have as many admirers if he were way off-base.
Every forecaster has many admirers and a devoted fan base. It has always been the case throughout the whole human history regardless of the right\wrong call ratio. Read here
You (and I dont mean you personally because I dont give a damn about you. I mean delusional and gullible idiots like yourself who exist only for getting ripped off by charlatans like MA) refuse to hear the truth because:
1. You paid money for MAs totally worthless reports and subscriptions full of wrong predictions, so for you its really hard to admit that you wasted your money and proved beyond all doubts your stupidity to everybody including MA. Its like going to a standup comedy show. You go there thinking its going to be great. But very soon you realize that is not and you dont find it funny. But nevertheless you laugh because you want to get something back on your wasted money. And most importantly, deep inside you dont want to confess to yourself that you got fucked because it hurts your ego and self-esteem, thats why you pretend its funny and you lie to yourself.
2. In this complex and uncertain world absolute majority of people seek guidance, somebody to tell them what to do, what to think, etc. Somebody who can explain them things for they are not able to do so themselves. Its like a blind who needs a guide-dog, like a child who asks his mommy whats this and whats that. Thats why throughout the whole history charlatans like MA have been popular. From voodoo shamans, oracles and priests of ancient Egypt to these days, they all appeal to peoples insecurities, exploit their weaknesses and emotions, not their reasoning. And when somebody tries to open their eyes with facts, people reject them. Not based on facts or reasoning, but because of their stupidity, deep insecurities, and fears. For people dont want to lose that feeling of false protection, they prefer to remain in that sweet delusion that theres somebody that would walk them through uncertainties. And when they think they found that somebody, they dont want to lose him no matter what. But the hard reality is that there is no such person and never existed. Hello! You have to work yourself or you'll be getting fucked by armstrongs and the likes.
Disclosure: I have NOT done the research necessary to compare his predictions vs. what actually happened (nor in what TIME-FRAME, smile...), nor how his record stacks up vs. other prognosticators.
You didnt do your fact-checking and 99,9% of people dont do either. Thats one of the reasons why fan crowds only grow. Look at TPTB, who not only did not check anything, but also did not want to, and, as we have witnessed numerous times, is not capable of reading let alone fact-checking. In fact, he has been buying bs reports with constantly wrong predictions from an uneducated convicted criminal at exorbitant prices for years without spotting anything suspicious. And even after several people bring bullet-proof evidence to him explaining them carefully like to a two-year old child, he still denies them. Again, the explanation for that phenomenon is above.
Indeed, when he was in prison, I encountered some 12 or so of his reports via Scribd. They were fascinating, clearly showing a knowledge of financial history.
Thats how most fish got hooked, as I explained in the first post about MAs tricks. Thats his key selling point. That history and physics bs he put everywhere regardless of relevance and context is what creates that false image of a guru and attracts unsophisticated newcomers.