The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar still finished neutral so it too is not yet ready for its move higher. Gold closed in a positive position for the end of 2017 […]
QUESTION: Hi Marty ! Happy new year! Not written in a while, but wanted to ask a private question related to the forthcoming cold period. a) How long will it last? (It will start now and go into 2024 – when does Socrates say it will start to reverse and when will temperatures be […]
QUESTION: What is your opinion of Elon Musk and Mark Zuckerberg idea of universal income? ANSWER: The idea of free money being touted by Elon Musk and Mark Zuckerberg only demonstrates that they know nothing about humanity or economics. They see universal free money as a cushion for workers whose jobs might be replaced by automation or […]
Now with the Trump Tax Reform set to really create jobs with the small business benefiting for the first time in more than 30 years (the Democrats call the “rich”), the Democrats have absolutely nothing to offer. Their agenda is simply to oppose whatever the Republicans put forth. They even lack any real leader at […]
The Hang Seng and Shanghai were both off to an impressive start for the New Year. Recording gains of over 2% for the first two trading days, we saw the former touch 10-years intraday highs. China PMI data released yesterday helped sentiment, but we saw an impressive all round performance with real estate related companies […]
The rally in BitCoin was a perfect 13 weeks up from the last strategic low. It peaked with the Weekly Array the week of 12/18 which was both a Panic Cycle and a Directional Change. However, with the impending ban in South Korea on trading cryptocurrencies, the high of December appears to be at least […]
COMMENT: Mr. Armstrong; I really do not think the world respects your work. I read on your blog there was going to be a bad flu from Australia that would hit Britain. Then a few days later, the headline here is all about what you forecast. You really have to go public and let people […]
QUESTION: Mr. Armstrong; Did AIG use the Black-Scholes Model and that is what created the crisis again in 2007? WJ ANSWER: No. It’s my understanding that AIG developed different models, they called a “Value-at-Risk Model,” (VaR) which used a binomial-expansion-technique to start valuing their positions. I believe the original model was developed at Moody’s. However, like the Black-Scholes […]
COMMENT: Two things: “He is remembered for publicly stating that Israel should be wiped off the face of the Earth.” Although he is indeed remembered in the West for ‘saying’ that, the truth is that phrase was a gross mis-translation of what he did say in Farsi. Just a simple lie. I don’t think […]
