@Gumbi, you are surely trolling? This is a serious and impartial conversation about MA, not a comedian show.
The DOW did not "crash" into October 1st 2015 and nor is there a single news article at the time that reports such a thing. MA was wrong. Again.
Arguing against the chart I posted proves either lies or bad eyesight. The bigger "crash" was August 2015, and yet MA argues his model forecasts "to the day". So he was a good two months out and nor was it a crash, it was a correction. The decline in October was also less extreme than the decline mid November 2015, and nor did MA "forecast" that either.
You then, jokingly I presume, write:
any link posted to be taken seriously will have to come from his website. how can you post evidence from a website other than his blog ? this is absurd.I can evidence real interviews with respected newspapers where MA, with words coming from his mouth, proves his forecasts were wrong and otherwise appears to be making the dates up. This here is an "official" MA blog post on his site that references that De Welt article:
https://www.armstrongeconomics.com/uncategorized/die-welt-the-construction-of-our-database/Please do keep digging a hole for yourself.
And using your argument about his blog being the only "official" source of truth about MA, which is a brilliantly absurd paradox in itself, he explained his model forecast a US recession after 2015.75:
https://www.armstrongeconomics.com/uncategorized/back-to-the-future/Wrong. Again.
Either you work for MA or you are MA, because no one would be this defensive and controverted in their arguments.
The ECM is a global economic cycle NOT a stock market model what makes you think the market has to bottom precisely in line with the ECM?. The Dow went down from its high over 2000 points into October 1st, the market was crashing going into the ECM date and this is what we can expect going into 2020 if we are going to see new highs into 2024.
2015.75 was the start of an economic decline not the end.
"The model is forecasting NOT a recession in the old terms, but an economic decline. "
post 2015.75 Armstrong never called for a stock market crash in fact he called for new highs. You don't need to be looking at anything other than the ECM target dates which will never change.
Are you suggesting that there is no business cycle and that all price movement is in fact random ?