COMMENT:  I carefully read through all your missives you had sent over the weekend, highlighting the importance of Monday for the Dow, and the levels given. You even said “Pay attention now Monday could be the intraday low. The open will be crucial”. And the low so far indeed did occur in the opening few […]

I keep telling people that the central bank of China is far more professional than any other central bank. When I was invited there during the Asian Crisis, I was stunned to be invited over some academic. When I got there, I found that everyone had experience. They had worked on dealing desks around the world and […]

The world share markets remain volatile yet should begin to stabilize now showing tentative signs that the panic of Monday is starting to subside. The reported epicenter of Shanghai for the rout, however, has suffered another big sell-off. The mayhem in China’s equity markets showed no signs of abating on Tuesday, as the Shanghai Composite index […]

QUESTION: Mr. Armstrong; In Munich, you said the US share market had peaked in euros and the low looked to be in August. Is that view still on track? WG ANSWER: Yes. When you plot the Dow in euros, the high was March, not May, as it was in dollars. This suggested that August would […]

  The leading story for the sell-off has been Wall Street’s shock by the mounting worries over instability in China and emerging markets. The tumultuous decline has sent investors clamoring to race into safe-haven assets amid the confusion. Why anyone missed this is really befuddling since China’s share market peaked in 2007 and the rally […]

This three-month rout in equities is scaring the hell out of everyone. It has changed the view that the Fed will not raise rates, which has sent the dollar lower in what appears to be the bubble in government, particularly in Europe. The bells are ringing this Monday across world markets with a 9% nosedive […]

Politicians never get enough and never tell the truth. Perhaps they are right and can fool the people in general. Expect this move soon in your country. They are pretending they need to grab every phone call, text, and email for terrorism when in fact they are hunting money. So what do you do when […]

QUESTION: A false move? I don’t follow.. If as you say the European money that’s been buying US stocks is now heading back to Europe, who will be the new buyers of US stocks? ANSWER: A False Move is an event that must shake the tree to get everyone out of their longs, causing many to then short. […]

The hyperinflation in Venezuela illustrates the real causes behind such events — the total collapse in the confidence of government. It is not a question of money supply for that is akin to putting the cart before the horse. As confidence collapses, people trust the government less and resort to using the currency of neighboring countries. This […]

QUESTION: Dear Mr. Armstrong, Thank you for all your writings. I may not understand them all, but certainly appreciate what you are doing to inform those of us you care what is happening in this world economy. Question: With the dow tanking, is this considered the FALSE move you wrote about previously. That in essence […]