Tweet
Re: Martin Armstrong's latest
I've read all of his articles save for this one. He has been very two handed (e.g. on the one hand... on the other...) so I take everything he has to say with all the salt in the ocean.
It's easy to predict the future when you say for example the DOW could go down to less then 4000 or go above 30,000. That seems no different to me than a fortune teller using the, "you, or someone you know, or someone you know who knows somebody else may die".
After reading everything M.A. has written (except for this) I conclude that he has no finer a picture of what is going to happen than the rest of us. Basically, he says Dow goes to the moon with very high inflation, Dow goes down below 4000 on fundamentals with out high inflation. Shit, I even could have told you that much. Everything his says has "qualifications". Qualified propositions are not very damn useful unless the qualifiers are all met.
New Bull Market in "Bullshit" if you ask me.
Here is another one, that is just as good in predicting the future (which means NOT VERY!)
http://articles.moneycentral.msn.com...-meltdown.aspx
es, Americans want another bull, another bubble, even another meltdown. Guess what? It's already here, folks. The next big market-economic-business cycle has arrived ahead of schedule. This is what makes us America. We love challenges, risk-takers and winners. The nobody who suddenly becomes a big somebody is the biggest of all TV metaphors for who we are.America's got talent. Where else can you see The Hoff screaming "You got talent!" to Grandma Lee, a craggy 75-year old comedian? Or Piers rooting for a bunch of half-time acrobats back-flipping off trampolines? Or Sharon Osbourne cheering for Kevin Skinner, an unemployed chicken catcher who looked like a hobo but wowed us with a voice like Randy Travis.
New, bigger bubble -- and a meltdown ahead
Yes, folks, a new bubble cycle is already in motion. You can feel the energy building, the kind that fueled the meltdowns of 1998, 2000 and 2007. We never resolved the problems fueling the dot-com insanity. We made matters worse feeding the subprime credit-derivatives disaster with cheap money, Reaganomics ideology and two costly wars. Lessons were never learned, and nothing was resolved. Today matters continue deteriorating. Behind the hoopla, the Wall Street conspiracy has dumped $23.7 trillion in new bailout debt on taxpayers. The bill will come due. But for now, we're getting their wish: A new bubble is accelerating, thanks to America's "too-greedy-to-fail" Wall Street banks.
Folks, you can bet on it, sure as Regis is hosting "Who Wants to be a Millionaire?" The bull, a bubble and another meltdown are virtually certain and accelerating faster than earlier cycles, coming by 2012. How to profit? Ride it up for a couple years, then pray you'll have enough brain left to bail out in time before the crash (most don't) because at that point the euphoria is blinding, like a cocaine addiction.
Want more proof of inevitability? Here are some visionaries who aren't working for Wall Street's hype machine: Michael Lewis, a former Wall Street trader and the author of "Panic: The Story of Modern Financial Insanity," recently told Newsweek: "There's a false sense that it's over, that the crisis is passed." The bailouts have merely postponed the inevitable. "We are in for another day of reckoning down the road."
Could there be another housing bubble?
The next one will be bigger, "badder," a real demolition derby. Several months ago, in a Vanity Fair article, "Wall Street Lays Another Egg," Harvard financial historian Niall Ferguson sounded more like a shrink: "Markets are mirrors of the human psyche." Like individuals "they can become depressed . . . even suffer complete breakdowns."
Originally posted by dummass
View Post
It's easy to predict the future when you say for example the DOW could go down to less then 4000 or go above 30,000. That seems no different to me than a fortune teller using the, "you, or someone you know, or someone you know who knows somebody else may die".
After reading everything M.A. has written (except for this) I conclude that he has no finer a picture of what is going to happen than the rest of us. Basically, he says Dow goes to the moon with very high inflation, Dow goes down below 4000 on fundamentals with out high inflation. Shit, I even could have told you that much. Everything his says has "qualifications". Qualified propositions are not very damn useful unless the qualifiers are all met.
New Bull Market in "Bullshit" if you ask me.
Here is another one, that is just as good in predicting the future (which means NOT VERY!)
http://articles.moneycentral.msn.com...-meltdown.aspx
es, Americans want another bull, another bubble, even another meltdown. Guess what? It's already here, folks. The next big market-economic-business cycle has arrived ahead of schedule. This is what makes us America. We love challenges, risk-takers and winners. The nobody who suddenly becomes a big somebody is the biggest of all TV metaphors for who we are.America's got talent. Where else can you see The Hoff screaming "You got talent!" to Grandma Lee, a craggy 75-year old comedian? Or Piers rooting for a bunch of half-time acrobats back-flipping off trampolines? Or Sharon Osbourne cheering for Kevin Skinner, an unemployed chicken catcher who looked like a hobo but wowed us with a voice like Randy Travis.
New, bigger bubble -- and a meltdown ahead
Yes, folks, a new bubble cycle is already in motion. You can feel the energy building, the kind that fueled the meltdowns of 1998, 2000 and 2007. We never resolved the problems fueling the dot-com insanity. We made matters worse feeding the subprime credit-derivatives disaster with cheap money, Reaganomics ideology and two costly wars. Lessons were never learned, and nothing was resolved. Today matters continue deteriorating. Behind the hoopla, the Wall Street conspiracy has dumped $23.7 trillion in new bailout debt on taxpayers. The bill will come due. But for now, we're getting their wish: A new bubble is accelerating, thanks to America's "too-greedy-to-fail" Wall Street banks.
Folks, you can bet on it, sure as Regis is hosting "Who Wants to be a Millionaire?" The bull, a bubble and another meltdown are virtually certain and accelerating faster than earlier cycles, coming by 2012. How to profit? Ride it up for a couple years, then pray you'll have enough brain left to bail out in time before the crash (most don't) because at that point the euphoria is blinding, like a cocaine addiction.
- Facebook users: Become a fan of MSN Money
Want more proof of inevitability? Here are some visionaries who aren't working for Wall Street's hype machine: Michael Lewis, a former Wall Street trader and the author of "Panic: The Story of Modern Financial Insanity," recently told Newsweek: "There's a false sense that it's over, that the crisis is passed." The bailouts have merely postponed the inevitable. "We are in for another day of reckoning down the road."
Could there be another housing bubble?The next one will be bigger, "badder," a real demolition derby. Several months ago, in a Vanity Fair article, "Wall Street Lays Another Egg," Harvard financial historian Niall Ferguson sounded more like a shrink: "Markets are mirrors of the human psyche." Like individuals "they can become depressed . . . even suffer complete breakdowns."
Comment