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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (17811)	3/2/2016 6:24:56 AM
From: John Pitera	1 Recommendation Recommended By roguedolphin Respond to of 33421

Martin Armstrong from Feb 11th........ looking long term The fuse has been lit. The world economy is in serious trouble and we have the worst possible people at the helm. You have Obama who wants to double the funding for the SEC and CFTC to go after the banks because he smells blood. He also wants to add a $10 tax to oil just because he sees it as something else he can tax. The question becomes, just how long can we try to climb out of this mess before it consumes the entire rope? It does appear that the greatest period of turmoil will be 2017 moving into 2020. Whatever can go wrong, will go wrong. We have everything culminating from a sovereign debt crisis to the War Cycle intermixed with political destabilization. Indeed, 2017 is going to be the year from political hell. We have elections in Germany and France, and the referendum in Britain exiting the EU. Then throw in the real potential for the election in the States to flip to Trump. The world as we have known it is coming undone. When we look at the markets, they are clearly trying to speak to us. Many markets avoided their year-end numbers like gold closing ABOVE the 1044 level. This, we warned, meant gold was not as weak as it might appear. The Dow closed lower, warning there too a correction was underway. armstrongeconomics.com ................ my comments from this past week.....It is the ramification *of Negative interest rates, Sovereign Debt being counted on European and other global banks at full value. The competitive currency devaluations and lack of market makers in a number of global markets* due to Dodd Frank and other global developments has created new concentrations of Market making Entities. which are not completely known and understood.