INDEX:DOWI   DOW Industrials
a year ago
And example how history will PROBABLY repeat itself as cards are what they are currently...
a year ago
Comment: It's interesting how the market is in the same position as in 1927-1929.

Martin Armstrong (28 feb 2015):
"We appear to be in that 1927 moment where the Central Banks secretly got together and tried to deflect the capital inflows to the USA to help Europe. The USA lowered its interest rates in 1927 and then was forced to raise rates virtually doubling them trying to stop the rally into 1929."

Look at this chart, do you see what its forming before that huge spike?
http://s3.amazonaws.com/armstrongeconomics-wp/2013/08/DJ2731-W-False-Move.jpg

Same thing as now on DOW, SPX and DAX!!
a year ago
Comment: If the the economy goes further down -> oil price drops more -> economy goes down even more -> recession -> oil price up(cartells) -> hyper inflation.... LIGHTS OUT!

I'm not sure which stage we are now... It's a fight between US economy and rest of the World's.

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mrLOBSTER
We are DOOMED!
mrLOBSTER about DOWI 6 a year ago
fortham
a year ago
thanks for sharing. great information to know for the macro shorters.
Reply
Lanmar PRO
a year ago
Good stuff. Please elaborate or publish a chart indicating your thoughts, "It's interesting how the market is in the same position as in 1927-1929." Do you mean fundamentally as Armstrong expresses? Or technically? I do not see how it's similar based on your citation "http://s3.amazonaws.com/armstrongeconomics-wp/2013/08/DJ2731-W-False-Move.jpg"

Thanks,
Lanmar
Reply
mrLOBSTER Lanmar
a year ago
FED is doing exactly the same moves when back then, and technically market's behavior looking the same as I was citating with Armstrong's "False-Move.jpg".

Heres a good info what happened on 1927-1930: http://www.frbsf.org/economic-research/publications/economic-letter/1999/march/monetary-policy-and-the-great-crash-of-1929-a-bursting-bubble-or-collapsing-fundamentals/

I need to do some charting when I got enough time for it..
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