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September 29, 2015 | Stock Markets Crashing Into the 2015.75

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

NIKICH-W 9-29-2015 NIKFOR-W 9-29-2015

The fact that the stock markets are crashing into the 2015.75 turning point, rather than making a major high, indicates what we should expect to unfold in the future. In 1987, the low was on the day of the ECM, as was the case in 1994, whereas 1998.55 was the high in the Dow that day. So a low suggests higher highs, whereas a high at this point in time will mean a profound longer-term correction.

So far, so good. We may shake the tree and send money running into the waiting arms of government — so look out for the aftermath.

1994-SP500

 

DJ-1998-2015

1998-LTCM-Crash

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September 29th, 2015

Posted In: Armstrong Economics

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