The financial services industry is undergoing its greatest upheaval perhaps in more than 35 years because the government came up with a brilliant new idea to pretend there is a crisis that they need to step in to save you. I have warned that there has been talk about taking over 401K funds which are […]

Is a the European bank rally sustainable? European banks continue to rally marginally following the release of the European Bank Authority stress test. However, risks remain with a referendum to be held in Italy proposing to redesign their election process putting any Italian bank restructuring at risk. The EU banking committee proudly announced positive stress […]

The strength of the JPY had a large impact on the Nikkei today’s and as it broke par then the Nikkei was hit closing down around -1.7% in all. Exporters are always hit when the currency strengthens and it is not clear which is leading which just yet. Both the Shanghai and Hang Seng were a little […]

Marginally disappointing as far as Japan is concerned, but having just seen Q2 GDP at zero (against estimation of +0.2%) already called down from the 0.5% seen in Q1, it was no surprise the market was torn today. The strength of both the Shanghai and Hang Seng lifted sentiment more than prices which certainly gave […]

QUESTION: Mr. Armstrong; You have stated that August is the season of war. Can you explain a bit more than just that. I am sure you have before. But I am new to the blog. Thank you for opening my mind ND ANSWER: The majority of wars have begun in the spring and summer with August […]

Finally, the Dow made new highs in the face of constant calls for a crash. This past week, in a horse race we would call it a trifecta where the Dow Jones Industrials,  S&P 500,and  the NASDAQ all made new record highs.  This sent a bunch of analysts to look again and began to proclaim […]

This contest between Islam and Christianity is primarily at the elite level. The bulk of those in Turkey do not support the idea of returning to the days of old. Of course, both Hitler and Napoleon dreamed about resurrecting the Roman Empire. By no means did this same dream infect the general population. These types […]

We have certainly embarked down the road of a police state. Federal agencies are tracking people who travel on trains and in the air. If someone buys a ticket for cash, the government is notified. They are looking for the slightest thing. I went to the airport to pick up a friend who comes over […]

QUESTION: Hi Martin: Thanks for your blog entries and daily market talk. Question: are the arrays independent of the outcomes of the USA election outcome? If they aren’t, what does Socrates forecast with each candidate winning? Thank you. DA ANSWER: There is absolutely no human input whatsoever. Everything is within the system. The arrays are not […]

Yet another rather uneventful session made even worse by the fact that Japan had a national holiday. Early trading in the Shanghai tended to follow the weak US sentiment but despite flipping in both directions, eventually closed down but above the psychological 3k level. Hang Seng performed well and it could be said took a […]