Martin Armstrong – Stock Market to Double

from Financial Survival Network

Martin Armstrong joined us today for a review of the global economic landscape. Hurricanes aren’t just in the Atlantic, but all over the world’s economies. The rush into the stock markets continues and will keep on going. Faith in governments and socialism keep going down and down. The democratic party is in a multi-generational bear market with no end in sight. Finally, the stock market is on course to double from it’s present level. It’s the only game in town. Bitcoin will be prohibited by governments. Eventually all countries will go electronic currency. The dollar is poised to remain the reserve currency until it rises too high, which will require a world-wide meeting to remedy.

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7 comments to Martin Armstrong – Stock Market to Double

  • Gerrrrr

    Armstrong is a crook, just look at his wikipedia page!

  • Red Alert

    In 2013, Armstrong predicted the DOW would double by 2015. At the time of the prediction the DOW was approximately 14,000 – today (April 2016), it is at/near its high of 17,737.00. In 2014 he stated that $100+ crude oil was here to stay. Crude is now trading below $40. So both of these are way off base. Let’s take a look at some of his other miscue predictions:

    Forecaster Martin Armstrong calling for start to a Sovereign debt crisis 2015.75 – he means the 3rd quarter of 2015 but it did not and has not transpired… yet.

    August 25, 2011 – Martin Armstrong: Gold to Correct for 1-3 Quarters Before Resuming Uptrend – Gold was $1740 on that date, did correct lower – but never resumed, eclipsed or equaled that high 1-3 quarters after – nor has it 4.5 years later.

    June 1, 2012 – Martin Armstrong: Are Commodities Preparing for a MAJOR RALLY? Armstrong is still looking for gold to explode to the upside into 2015 due to the Sovereign Debt Crisis – in this case the exact opposite happened – Commodities essentially collapsed for the, almost, 4 years following his statement.

    November 2009 – “Martin Armstrong: Gold Headed To $5,000 And Beyond!” – 6 years later and no where near. That is not saying it can’t or won’t – just that without a date – it is a rather meaningless statement.

    April 19th, 2013 – “We elected Weekly Bearish Reversals in both metals with gold closing at 1397.2 and 2304.1. Gold closed also just below the Weekly Break line 1398.6. This is warning that the FAILURE to exceed Friday’s 4/19 high intraday, and a penetration of 1310, we are looking at a drop to $1158. Breach that, and we very well may see $907 in 2 weeks.” No chance. Before he said this Gold had dropped $200 in the month of April, 2013 but it ended about $90 higher after he made the statement and it did not reach or breach $1158 although the following month it came close. Sub $1000 has not occurred even 3 years later.

    Dec 2012 – “The metals will be taking off during 2013, Martin believes after the summer, going all the way to 2016. Major support is at 1570.” – Gold started December 2012 at $1720 and closed 2013 at $1205 – $1570 was not support and June (Summer), it went below $1200.

    Oct 2013 – Gold’s going to drop below $1000 – and here is an example of his flip-flopping from the previous prediction. Sub $1000 has not occurred even 2.5 years later.

    Aug 9, 2013 – “Martin Armstrong has come out with this shocker – Dow 32,000 by 2015! – needless to say this wasn’t even close to transpiring.

    In 2013 – regarding the above DOW call: “Gold will be a beneficiary too, but in 2015.” but later stated ”$650-910 price of Gold coming soon.” – so this is an extreme flip-flop and neither came close to fruition.

    September 14, 2014 – “Is Martin Armstrong Right on Sub-$1000 Gold?” – This seems to be a call that he is sticking with (see below), and I don’t disagree, but the timing has not proven him correct to date.

    More recently:
    “The metals will bottom on the Benchmark targets. Today, gold has collapsed again back down to the 1208 level. All the screaming, hollering, kicking, biting, and name-calling will not prevent gold from meeting its fate. You have to realize there should be a retest of the 1980 high just under the $1,000 mark. There is a risk of testing the Yearly Bearish Reversal at $680. That would probably finish-off the gold promoters for quite a while. I think even a break of $1,000 will make them look rather stupid. But that is what you need at the finale.

    • artemus

      Very nice work.

      All these guys need to be held to account like this.

      The BEST of them aren’t any better than 50% on their calls.

      You can get those kind of results by just FLIPPING A COIN to decide on whether to invest in an asset.

      Say – you don’t suppose they’re pulling the old Goldman trick – talking up their own books?

      Nah. Too much integrity for that.

      • Cecil Aijima

        Artemus and Red Alert, Perfectly said that’s why everyone should do their own Due Diligence before investing in anything (Gold, Dollars, Cryptos, real estate,) ANYTHING!! and NEVER putting their life savings on he call of ANY “Guru” no matter how accurate, or charismatic they are! the worst of them are shills the best of them are only educated coin flippers , in this environment. due diligence, proper self education, intuitiveness and a healthy dose of skepticism are the most valuable assets to have before investing in anything!

  • Jag

    I have followed Martin Armstrong for years and found his information to be spot on. The snippets stated above are not accurate or edited to reflect lack of accuracy. I have followed numerous financial pundits for decades but found none as informative or enlightened as Martin Armstrong. Anybody stating otherwise has not followed or researched his information extensively. More fake news.

  • artemus

    Sounds like stream of consciousness financial advice to me.

    The guy is all over the place and doesn’t really say anything. Just makes a bunch of vaguely related common sense observations.

    “The rush into the stock markets continues and will keep on going. Faith in governments and socialism keep going down and down. The democratic party is in a multi-generational bear market with no end in sight. Finally, the stock market is on course to double from it’s present level. It’s the only game in town. Bitcoin will be prohibited by governments. Eventually all countries will go electronic currency. The dollar is poised to remain the reserve currency until it rises too high, which will require a world-wide meeting to remedy.”

    Gee. Real deep insights. Who would’ve guessed any of THAT is going to happen?

    Maybe I should go into the financial predicition business, because I could have told you all of that.

    In fact, I already did. See my comments on cryptos with Andy Hoffman.

    I must be a financial genius and I didn’t even know it.

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