QUESTION: Mr. Armstrong; Your model called for a Panic Cycle on the 8th and Directional Change in the Dow. Then a rise in volatility starting the 9th. So the difference is the Panic Cycle was an outside reversal and then the direction change cemented that as the high. The volatility then kicks in which is […]
Behind the Curtain, there seems to be no government going completely nuts more so than Australia. They are doubling taxes on all foreigners who own property, which is a violation of international law, and then they made it a crime for a foreign to even buy a house undisclosed. On top of all of […]
QUESTION: Mr. Armstrong; I attended the Paris conference of the BIS when you were the keynote speaker. You delivered a forecast that was probably too far ahead for its time. You said the euro would go through and it would first drop but then peak with deflation in 2008 after the markets crash from 2007. […]
Although Asian core all closed lower it really wasn’t that bad – at least in the Asian cash time zone. The JPY traded above the 110 level as cash rebounded at the close but then saw the late safety rally (US time zone). It was the large cap Hang Seng that appeared nervous in late […]
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It should come as no surprise that the Merkel government has been trying to hide the extent of the ongoing refugee crisis in Germany. The Merkel government appears to be trying to keep police surveillance of border controls top secret. Despite the fact that Merkel did close the Balkan route into Germany, the federal police […]
The US sanctions voted on by Congress against Russia are outrageous and an act of war that history will write as this may have been the line in the sand crossed by the USA to punish Russia for Hillary’s loss. Clearly, the new sanctions have important implications for Europe because they target any company that contributes […]
Only one big topic for Asian markets this morning and unfortunately, not a happy one. The uptick in geo-politics dominated everything today and unsurprisingly saw equities retreat, with a rally in gold and treasuries. The Nikkei fell the most of the cores with a decline of 1.3% and saw a strengthening of its currency down […]
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