Martin Armstrong Discussion - page 34.

MA_talk

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Quote from: psp777 on February 29, 2020, 01:01:59 AM

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.

Traxo

hero member

Activity: 568

Merit: 703

Quote from: ?? on ??

Doesn't anyone think it's funny how all the people that claim Armstrong saved them never actually post their trades before a market move happens? Always hindsight.

Yes, they've been exposed already, and some of them banned and nuked, tho still resort to sybil attack the thread.
That's the point. If they had genuine intentions of helping anybody at all, they would back up their claims with quotes, sources or at least provide examples of their trades.
Apparently they have all the time in the world for ad-hominem and baseless promotion of the Socrates service, but they have no time at all for writing a coherent meaningful post which somebody would benefit from.
Readers can see that all of the trending Martin Armstrong promoters basically admitted that their goal is to form a circlejerk of Socrates promoters.

truth727

newbie

Activity: 28

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you tell em how it is buddy. looks like i have to ignore another poster lol. ignore list is now ridiculous. just be happy we have him. max keiser loves him as well what more can you say.i love max as well but not as much as main man marty. hes getting old so he'll be gone one day hope someone takes up the reigns at his blog.

over45

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Activity: 99

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Quote

Doesn't anyone think it's funny how all the people that claim Armstrong saved them never actually post their trades before a market move happens? Always hindsight.

Armstrong has saved me tons of money but I don't have any obligation or inclination to advise you or anyone else what I am going to do ahead of time. Getting out and getting back in to a position is not rocket science. May be hindsight to you but not to people who know how to read and understand language. You bashers are pathetic and just pure envious of Armstrong and his success.

Que the full page response attacks, miscalculations and childish graphics...

truth727

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funny how all the negative posts come all at once and then a day or two goes by all quiet. its as if its just one person with 15 accounts. cant wait for private blog number it will be out tomorrow.time to add to my cash pile good ole marty making bank as per usual

s29

jr. member

Activity: 184

Merit: 8

But it seems that the world economy might fall off a cliff in Q1 and Q2, just after the ECM 2020 date:

Maybe Marty needs to update his ECM chart:

s29

jr. member

Activity: 184

Merit: 8

Quote from: CaymanJack on February 29, 2020, 09:46:38 AM

Quote from: DigiLab on February 29, 2020, 07:18:08 AM

psp777, brief, yet so useful, thank you.
Compared to the humongous garbage the other hater bozos are constantly spewing. Bozos, MA beat you, fair and square, crawl back to your holes.

Quote from: psp777 on February 29, 2020, 01:01:59 AM

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

LOL, beating us how exactly? He throws out waffling bearish/bullish forecasts hoping one will stick and that is one everyone clutches on to. It's a cult mentality.

Technically if you followed his advice, you wouldn't have made any money or most likely lost money. He's been bearish saying there wouldn't be any new highs yet the market kept marching higher. You most likely started buying near the highs after mythical bullish reversals being elected near all time highs.

He's missed so many corrections/rallies but hey, he finally got one right. Thanks Mr. Broken Clock.

Let's not forget, lots of people who followed Armstrong in the last few years lost tons of money because of his constant bearish commentary after the December 2018-low.

https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-ecm-the-market-crash/

Quote

Here we had the NYSE, and even the Dow peaked on the ECM, but the Dow followed the NASDAQ into its high which was due in February.

Now he makes excuses that we should look at the NYSE Composite, despite the fact that he always mentions the ECM and the Dow. He of course says this after the fact. Everyone who shorted the market at the ECM 2020 date got killed with their shorts and had to buy back long positions after the beginning of February rally. I highly doubt that many shorted the market after that lesson.

CaymanJack

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Quote from: DigiLab on February 29, 2020, 07:18:08 AM

psp777, brief, yet so useful, thank you.
Compared to the humongous garbage the other hater bozos are constantly spewing. Bozos, MA beat you, fair and square, crawl back to your holes.

Quote from: psp777 on February 29, 2020, 01:01:59 AM

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

LOL, beating us how exactly? He throws out waffling bearish/bullish forecasts hoping one will stick and that is one everyone clutches on to. It's a cult mentality.

Technically if you followed his advice, you wouldn't have made any money or most likely lost money. He's been bearish saying there wouldn't be any new highs yet the market kept marching higher. You most likely started buying near the highs after mythical bullish reversals being elected near all time highs.

He's missed so many corrections/rallies but hey, he finally got one right. Thanks Mr. Broken Clock.

truth727

newbie

Activity: 28

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martins post on hillary very timely hmmmm....

DigiLab

newbie

Activity: 47

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psp777, brief, yet so useful, thank you.
Compared to the humongous garbage the other hater bozos are constantly spewing. Bozos, MA beat you, fair and square, crawl back to your holes.

Quote from: psp777 on February 29, 2020, 01:01:59 AM

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

psp777

jr. member

Activity: 81

Merit: 6

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

AnonymousCoder

member

Activity: 580

Merit: 17

Economic Advice by Martin Armstrong

Martin Armstrong so thoroughly discredits himself in many blog posts, only a complete idiot would take any of his advice.

Take for example his ideas on food security:

Local Food a Good Idea for Economic Freedom

Quote from: s29 on February 12, 2020, 10:46:55 AM

Martin A. Armstrong: convicted felon, shameless conman, schizophrenic crackpot & financial comedian

Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.

Read this blog starting here to find out more about computerized fraud.

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.

truth727

newbie

Activity: 28

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ooh yes hes teasing us.what does the latest blog mean what number ahh can't wait. he gonna make me some bank boys

truth727

newbie

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fair enough over 45. but if martins right i'll be quids in. i doubt there will be a bounce next week i remember the financial crisis all too well massive moves up and down wild swings so yes it may bounce but it will just be an opportunity to sell hard. saying that i doubt i can resist buying up the miners next week they should be crushed on monday morning and that will probably be me jumping back in.if this is a politically motivated ploy to harm trump with the coranavirus i can't see it lasting until the elections for that reason i don't think it is. im gonna have to jump in thou its the best time.when theres blood on the street theres money to be made for the strong willed. did you read his private blog?

s29

jr. member

Activity: 184

Merit: 8

Quote from: CaymanJack on February 28, 2020, 12:11:11 PM

It appears Martin is desperate. He must be losing subscribers that are losing their a$$ on his forecasts buying high and selling low.

Quote from: truth727 on February 28, 2020, 02:29:18 PM

over 45 i have an idea and its a good one.here goes martin is warning that hillary clinton is waiting in the wings to be asked to be the nominee.you can't tell me she won't try i mean of course she will right. so if its not bernie then who nobody if martin is correct then dude she is 33/1 with skybet just to be the democratic nominee thats worth a punt would'nt you say!
martin is giving us a golden chance here to make cash in another sort of way im sticking 500 bucks on it.think about it.gold hit 1562 incredible call just incredible theres no way i would have sold my stocks unless i had read that blog on monday i bet a lot of goldbugs got burned. i thought coronavirus would be a total winner for gold but as i said martin says what does not rise will fall. im dancing buddy dancing

Well, this guy does sounds like a very professional and intelligent person to me Wink

s29

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Activity: 184

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https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/new-york-city-heading-for-bankruptcy/

Quote

Posted Mar 22, 2019 by Martin Armstrong
With the Economic Confidence Model (ECM) turning down into 2020 very hard, NYC will run a deficit as tax revenues decline thanks to a recession.

https://www.armstrongeconomics.com/world-news/taxes/spd-to-impose-marxism-on-germany/

Quote

Posted Apr 19, 2018 by Martin Armstrong
Now that the SPD gained power in a coalition with Merkel, the German economy is in perfect alignment with our Economic Confidence Model pointjng down into 2020.

https://www.armstrongeconomics.com/international-news/politics/the-2020-elections-economics-v-career-politicians/

Quote

Posted Sep 20, 2019 by Martin Armstrong
Normally, a decline in the economy will often lead to a political change. In this case, our models DO NOT support the view that the US economy will be heading straight down into the elections of 2020. We see this as turning early in 2020.

By the way, why did Armstrong suggested endlessly in the last few years that the economy would turn down into the ECM Turning Point of 2020; while now it seems like the world economy will come to a grinding halt in Q1 and Q2 thanks to the Coronavirus. Exactly the opposite of what should happen with a ECM Turning Point!

s29

jr. member

Activity: 184

Merit: 8

Quote from: AnonymousCoder on February 28, 2020, 10:31:19 AM

What matters is that we have a coronavirus pandemic which takes a toll on the global economy.

What did Martin Armstrong say about the pandemic when it started?

He played it down as a flu.

See Why Exaggerated Nonsense on Flu?.

Bill Gates today:

Quote

Microsoft co-founder Bill Gates said the coronavirus is starting to behave like the “once-in-a-century pathogen we’ve been worried about.”

Gates also pointed out COVID-19′s current predicted fatality rate is higher than that of the 1957 influenza pandemic, which killed an estimated 66,000 people in the U.S.

Thanks for downplaying Marty Wink

over45

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I'll pass on the miners and Hillary bet. My gambling days are over. Will be interesting to see what Armstrong posts this weekend. I suspect we will see a decent bounce next week. I follow a few other folks and one is calling for a 35% correction when all is said and done. Then there is the slingshot...

truth727

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Activity: 28

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over 45 i have an idea and its a good one.here goes martin is warning that hillary clinton is waiting in the wings to be asked to be the nominee.you can't tell me she won't try i mean of course she will right. so if its not bernie then who nobody if martin is correct then dude she is 33/1 with skybet just to be the democratic nominee thats worth a punt would'nt you say!
martin is giving us a golden chance here to make cash in another sort of way im sticking 500 bucks on it.think about it.gold hit 1562 incredible call just incredible theres no way i would have sold my stocks unless i had read that blog on monday i bet a lot of goldbugs got burned. i thought coronavirus would be a total winner for gold but as i said martin says what does not rise will fall. im dancing buddy dancing

truth727

newbie

Activity: 28

Merit: 0

his numbers are up over 45 suggest you check out his private blog

Topic: Martin Armstrong Discussion - page 34. (Read 647248 times)