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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: Box-By-The-Riviera™ who wrote (48099)4/3/2009 1:49:21 AM
From: pogohere  Read Replies (1) of 219789
 
My understanding is that Armstrong doesn't model markets, but rather models confidence in macro land, such as confidence in the ability of the US to maintain its credit rating, or the purchasing power of its currency. The market consequences flow from moves into or away from those macro phenomena that are gaining or losing the confidence of investors. He may have made market calls, but they were based on the model, not direct analyses of the markets. He's made some great calls.
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