Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
trulycoined
on 30/06/2019, 15:40:08 UTC
While others have had a bad experience with Armstrong - my experience has been wholly positive.   I'm not looking for short term trades or expect to take any result as gospel - where others here seem to have done.   I read many, many, investment blogs and follow some closely.  For me -- Armstrong is very insightful and has saved me thousands on trades I was going to make.  So don't feel sorry for me - I'm fine with whatever money I want to pay out for his service.  I've done my due diligence and read many of his writings and his substantial book that I posted a link to earlier.  I know he's not a big fan of bitcoin which probably partially explains the negativity toward him. 

I don't think it is a "bad experience", it is simply fact-checking and seeking the truth. Likewise, a lot of people on this thread are no bitcoin "fanboys" and actually, MA DID correctly call the high in bitcoin Jan 2018. What a shame Socrates was incapable of forecasting April 2019 as another stellar buying opportunity, and it is that inconsistency that feeds rather than quells the doubts about Socrates. So to your point, a lot of people on this thread have not traded on any MA calls, nor are they bitcoin cultists, so they have no axe to grind.

I'm also much like you. I do not day trade, I instead like to invest in "safer" asset classes with more predictable outcomes and invest over the longer term.

However, MA falls flat there as well. Here are some great examples, to repeat the previous 20 pages or so:
2008 - Expect a recovery into 2009, then a crash into 2013, before it picks up again into 2015.75, then another crash. WRONG.
2011 - Expect US property prices to begin declining for 20 years. WRONG.
2011 - Recession in the US after 2015.75. WRONG.
2011 - Major global sovereign debt crisis to begin 2015.75. WRONG.
2013 - share buy backs are a warning light - Sell APPL. WRONG.
2019 - political/economic/banking "chaos" coming to Europe May 2019. WRONG.

Can you give some examples of where MA has saved you thousands on trades you were going to make?