While those who advocated stocks in various institutions are being demoted and the bond bulls yell I told you so, as Melon famously said in the start of the 1929 Crash that Gentlemen Buy Bonds, what is really going on in the markets cannot be seen without looking at the cross-connections. Why? Sometimes you […]

The next support for the closing was 16131. Indeed, we stated “if that holds we may have a low today temporarily.” That appears to be the case and a bounce back into Friday appears likely. The low this week will be important. It appears to be a test of the primary support area, which was […]

  This is the main channel – the Weekly Breakout Channel. A retest of that area is normal in any uptrend. The top of that channel lies at 15574. The key weekly closing support lies at 15970.  The key levels to watch at 15665, 15370,15280, and 14450. A weekly closing beneath 14450 would signal a […]

  We seem to be in a race to see who can ask government to hold their money. This is the classic flight to quality (i use that word loosely). The talk on the street is always trying to find a fundamental to fit to the price action. Plunging oil prices are signs to economic […]

  Behind the curtain, the long list of those who support the USA against ISIS has no substance. Why? This is a religious war and therein lies the problem. The Muslin community is throughout Europe and the great fear is their citizens run to join ISIS and then return creating a sort of home-grown terrorists […]

COMMENT: Loved your candid picture of the little boy in Brussels taking a leak on Europe. It is so true living here. REPLY: Well, it is a shame but all governments are the same. Once they have power, they keep grabbing more and believe the world cannot exist without them. On the lighter side, if […]

The storm brewing in Europe with the European Central Bank (ECB) is its plan to buy bad debt from banks in the version of stimulating the economy. Of course this is indirect and will never save Europe – but it may tear it apart. The ECB and all who support them, have argued in their […]

Private armies for hire are becoming popular on all sides. For government, this is the greatest invention since taxes – no social benefits. Mercenaries fighting for the USA get about $141,000 a year. Even in Ukraine there are a number of mercenaries from Europe and other countries is on the rise. They fight on the side […]

QUESTION: Hi Mr. Armstrong … In the Metals report you mentioned that the further Gold fell, the greater the rally would be thereafter. So don’t the same principles apply to what is currently happening in equities? Support areas are being breached, but don’t a lot of investors watch the same areas so the “heard” mentality […]

When it comes to forecasting, the IMF is virtually always wrong to a large extent. Indeed, often they are spectacularly wrong as was the case with the financial crisis of 2007-2009. Why anyone ever bothers to listen is really baffling. They never admit mistakes and are clueless about forecasting any change in trend. What is […]