Now Year-End is almost upon us, it's time to draw conclusions on 2020 and Armstrong's predictions in general. This is of course with reservation that in the last few days of 2020 there won't be full-blown war with Iran or that North-Korea launches a nuclear attack on Seoul of something else completely unexpected happens.
Conclusion
After all these failed predictions, and I didn't even mentioned Armstrong totally missing the bull in Gold ("going below $1000"; "has a $1700 ceiling"), Bitcoin and Oil, why would any serious trader or investor put any faith in Armstrong, a guy that can't even find a publisher to print enough copies of his books, even though he could easily do payments in advance from all the subscription money he rakes in every day.
Armstrong also underestimated and downplayed 2020's most significant event: the COVID pandemic; and then sequentially was too impatient to wait 9 months for effective vaccins, despite a total hammering of health care systems worldwide and himself being in the vulnerable elderly group.
And no market, whether it's the S&P 500, or Gold, or Bonds, or the NYSE Composite, or Commodities, etc, had a longer term trend change at his major 2020 ECM turning point (looking at current year-end charts). Maybe that's why Armstrong couldn't explain beforehand what the 2020 ECM turning point would mean... and he ironically still can't explain it.
Maybe Armstrong should rename his documentary:
Conclusion
After all these failed predictions, and I didn't even mentioned Armstrong totally missing the bull in Gold ("going below $1000"; "has a $1700 ceiling"), Bitcoin and Oil, why would any serious trader or investor put any faith in Armstrong, a guy that can't even find a publisher to print enough copies of his books, even though he could easily do payments in advance from all the subscription money he rakes in every day.
Armstrong also underestimated and downplayed 2020's most significant event: the COVID pandemic; and then sequentially was too impatient to wait 9 months for effective vaccins, despite a total hammering of health care systems worldwide and himself being in the vulnerable elderly group.
And no market, whether it's the S&P 500, or Gold, or Bonds, or the NYSE Composite, or Commodities, etc, had a longer term trend change at his major 2020 ECM turning point (looking at current year-end charts). Maybe that's why Armstrong couldn't explain beforehand what the 2020 ECM turning point would mean... and he ironically still can't explain it.
Maybe Armstrong should rename his documentary: