Martin Armstrong predicts dire collapse of world economies in March 2009

[AtW]

btw, I have April 20th or 23rd pencilled in my diary for some sort of market turnaround.

[SantaClaus]

kiss my squirrel molester

[BrilloPad]

Nice to know Sasguru has been talking about me whilst I've been too busy to be on this stupid forum

btw, I have April 20th or 23rd pencilled in my diary for some sort of market turnaround. And yes, its only a bit of fun, so calm down dear, its only a prediction

Are you expecting it to turn up or turn down?

[GreenerGrass]

Got a link?

In Gold fan Mr Frisby's column here:
http://www.moneyweek.com/news-and-ch...ore-14722.aspx

[BrilloPad]

In Gold fan Mr Frisby's column here:
http://www.moneyweek.com/news-and-ch...ore-14722.aspx

Many thanks for that. I enjoyed the summary :-
===========================
Nevertheless, of note to all investors, is that there is another Armstrong turn date coming on 2009.3, or 19-20 April. What we have to figure out is which market is going to turn.

Armstrong once advised Canadian technical analyst Ross Clark that markets which were trending the strongest going into a cyclic turn point would be the most likely to reverse. "It is the concentration of capital that creates booms and the subsequent busts."

So we have to ask ourselves which market fits this bill. Could this bounce in the stock or commodity markets run out of steam? It's possible. This year might be yet another when you should sell in May and go away. If we get a big rally into the weekend, perhaps we should look to sell.

But I must say, I think this rally may have further to go. Could gold turn back up? Again, I see a low for gold coming in the summer – although $840-$850, if it gets there, is an obvious place to make a low. Could it signal the long-awaited end of the US bond market? Perhaps we'll see some turn in the currency markets. The yen could turn back up… or the pound could turn back down. As I write this, I can't see a market that's showing any signs of exhaustion.

My bet is that we'll either see another major bankruptcy – perhaps a corporation such as GM, or even a country (Ireland?) – or we'll see some kind of turn in the currency markets.

I should stress this is only a secondary turn date. There are plenty of examples in the past where nothing of any significance has happened at these junctures. In other words, they do not always work. But the outcome of this weekend, 19-20 April, bears watching with interest.
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So hes really sitting on the fence.......

[sasguru]

There have been some bollux threads in CUK but this one looks like being a classic.

[BrilloPad]

There have been some bollux threads in CUK but this one looks like being a classic.

If you still agree on May 1st I will add a link into my "classic threads" thread......

[SantaClaus]

Interestingly enough, budget day on the 22nd coincides around the 20th-23rd dates.

Combine that with the fact that Sterling against the dollar might make one more test of the 1.5 level before heading down.

Anyone want to bet on sterling crashing around budget day?

Think about it. What could Alistair Darling do that will make things better???

[DNMurphy]

You predicted there would be a recession under Labour, and one happened after 12 years (well done!). If Gordo had the ballls to call the election last year there wouldn't have been one under their government. IIRC we had 2 in ten years under the Tories. (Early 80s and early 90s)

Gordo bought us out of the 2000 recession (which was mild globally anyway), but in doing so he damaged the national finances that he failed to restore in the boom years since. So now he has shafted the economy on a scale not seen since the last labour government.

The danger with using money to try and bail us out of a recession is that the next one is usually bigger and they keep getting bigger until there is not enough money to do anything useful. This was well understood by the time the economy hot the rocks under the last Labour government but has been forgotten again.

[BrilloPad]

The danger with using money to try and bail us out of a recession is that the next one is usually bigger and they keep getting bigger until there is not enough money to do anything useful. This was well understood by the time the economy hot the rocks under the last Labour government but has been forgotten again.

Indeed. And it will take drastic action to get us out of this mess. In fact it will take a Maggie.