The Asian cash markets just could not wait to open this morning after the huge Payrolls number on Friday. Admittedly, it took a little time and a better than expected Trade Surplus number (52.31 v’s and estimated 47.6) for the Shanghai market to join the excitement, but they eventually did to close +0.9% firmer. The […]
QUESTION: Dear Marty, I understand your general message and totally agree with it. I now see the big picture in a systematic trend and everything moving in the direction Socrates has forecast. I do have a few questions though. Can we call the trend: the public sectors trend to swallow the private sector? In other words, […]
QUESTION: Mr. Armstrong; I recently read a book which claims that the disparity of wealth among nations is something recently unfolding post-Columbus. The thesis claims that before 1500, the income differences between nations were small. It proposes that only since the discovery of America, the interplay between geography, globalization, technological change, and economic policy has determined […]
QUESTION: Have you ever been wrong? HS ANSWER: Since I am human, the obvious answer must be YES! I have stood up and explained at conferences how I made a bunch of money when I was 13 in the metals/coin market. My father thought I was too much of a speculator and told me I should […]
A Wayne Gretzky rookie card sold for a record $465,000. He is known as the “Great One” and retired as an NHL player in 1999. This shows that the collector’s market seems to be doing well. Bill Gross, who now co-manages the Janus Global Unconstrained Bond Fund, sold a portion of his stamp collection for $4.5 million. […]
QUESTION: You’ve just mentioned there remains a chance for gold to perform a slingshot move downward and then up in January. Does it still appear the Dow will slingshot (make a new low) also even though it has recently broken to new highs? S ANSWER: We achieved the slingshot in the S&P and the NASDAQ, and I have previously […]
QUESTION: Hello, Mr. Armstrong. Some years back, I asked what would happen if everyone knew about the ECM. You provided an answer on your blog. Now, that the trader version of Socrates is soon to be made available for the public…: What happens to the trading community (market makers / service providers / traders) when you (through […]
COMMENT: Marty; I watched the monthly numbers you gave for the close of July. The stock market gave a buy signal and gold failed again to close above your buy signal. I have to say, this is really amazing. Your reversals put it very black and white. If you ignore the human second guessing, it is […]
With the exception of the Hang Seng (+1.4%) it was a relatively quiet day in Asia having digested the BOE move and anticipation of US NFP’s data and ahead of the weekend. Late in US trading futures have responded to the global stock rally (as a result of the US numbers) and are currently trading […]
The bulk of the people remain bearish yet always call for a major crash. All I can say is that the patterns are not anything like what these people as saying that a 9-day straight decline is always followed by a crash. The market is by no means over bought or in some dangerous extended […]
