Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
MA_talk
on 01/03/2020, 18:29:48 UTC
Basically MA called for a correction - it came. A continued correction down to 22000-21000 if we had closed about 50pts lower on the DOW today...this is where it gets tricky - we will see what he says this weekend. Next week we could continue to sell hard to those levels.

Gold to find support around mid 1400s

Armstrong calling stock market to peak at 2015.75 was WRONG.
https://web.archive.org/web/20140705112327/https://www.armstrongeconomics.com/wp-content/uploads/2012/03/will-the-dow-reach-30000-by-2015-0809.pdf

Armstrong calling bond market to peak at 2015.75 was WRONG.
https://web.archive.org/web/20200217065858/https://www.armstrongeconomics.com/markets-by-sector/interest-rates/big-bang-v-repo/

Armstrong calling bitcoin to fall to 775 was WRONG.
https://web.archive.org/web/20190102141558/https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-the-end-of-cryptocurrencies/

During this stock rally up to Feb 2020, I have already lost counts on how many times Armstrong called for corrections and no new highs.  Let's say he called that 5 times for correction.

So that's a total of 8 WRONGs above, plus this recent one correct.  That is a terrible record, and any investors/traders following Armstrong will lose money.

The trick of getting a good "prediction" record is always to "predict" MANY MANY times, and only count the ones that are correct in hindsight.

Armstrong NEVER got his Bachelor's degree in Science, according to this source, but he sure knows how to BS, like nobody else.