Confidence in Armstrongeconomics
and Socrates collapses
Proof: Look at this post in the Armstrong shill controlled Reddit forum:
I AM A BETTER TRADER AND FORECASTER THAN ARMSTRONG:
u/Arkansasmyundies I am a better forecaster and trader than Armstrong my recent post are evidence:
I wrote this post "I am going long the DOW on the 16th May under the username martymac1523 which I can't use on This R/ now because butthurt fan boy moderators banned me.
https://www.reddit.com/r/aec/comments/gllo3o/im_going_long_the_dow/"I have spent the whole weekend doing research and looking at things I can’t see any correction near term. We had a 6% pull back last week I think that was it for now. I expect the the DOW and SPX to go up 5-7% before a real pull back. I don’t think we see a major pull back until August into the election. All the negative news and data the market has shrugged off. Through out this crisis thus far Martin has been wrong at every point since January, following him has cost me too much money"
The Dow went up almost 10% over the flowing 3 weeks
I wrote this Comment 6 June 2020
https://www.reddit.com/r/aec/comments/gxaouq/reaction_high/ft0rjzk/?context=3"He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. "
We are about 4% off the highs as of writing
I have NAILED every move the past month and have evidence to back it up. No vague statements or bullshit like Armstrong. I am a real trader, Armstrong is just an ageing con merchant.
is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see
Where and how to complainHow is that an Armstrong Schill??
In that REDDIT post the user is saying they are a better forecaster than Armstrong. Its criticizing Armstrong for being wrong while they were right.
I have highlighted and annotated the best bits
https://www.armstrongeconomics.com/armstrong-in-the-media/a-near-market-is-not-likely-in-the-most-hated-bull-market-in-history/MARCH 2ND 2020
A Bear Market is Not Likely in the Most Hated Bull Market in History
Well, here we go again. These people who claim to be experts (like you Martin?) are warning that it is the fallout from the global coronavirus outbreak that has caused the crash and one says this could be “worse than the financial crisis” of 2008. Another analyst claims to have forecast the 2008 Financial Crisis is now saying the idea of a major global recession “doesn’t sound too farfetched.” These people who always claim the market will crash then claim to have forecast the crash (Again like you Martin) again sounds but only one out of 50 such forecasts is ever correct. They then also market themselves to please buy their newsletter because they were right. (Sounds a bit like you Martin)
The German top newspaper, Die Welt, commented on the stock market decline mentioning our perspective correctly February 28, 2020:
The crucial question for investors is now whether the stock market is drifting into a bear market, whether it is losing 20 percent or more, or whether there is a quick and strong recovery. Martin Armstrong currently believes a bear market is unlikely: “The rally that started in 2009 was the most hated rally in stock market history,” says the capital market expert from independent research firm Armstrong Economics.
Yes, I have forecast all the great crashes. That was actually the easy part. (So easy he couldn't forcast this one) The difference in such forecasts sometimes goes over everyone’s head. The 1987 Crash I forecast even that the market would fall basis the S&P500 futures from 286 to 181 in two days. True, that impressed even me. But the fact that the crash came on October 19th, 1987 which was the very day of the Economic Confidence Model confirmed what all my other models were screaming – we would make new highs by the peak of the ECM in December 1989. Both the NewYorker and even Bloomberg News had to admit that we correctly forecast the 1987 Crash. But the important part was that the US market would make new highs from the 1987 Crash but the Nikkei would not from the 1989 event.