Martin Armstrong's 2020 ECM Turning Point

January 18 2020 is a major turning point on his ECM Economic Confidence Model. Here I record his reactions, his predictions and the final outcomes.

In Special Update this Weekend for Pro Level on Socrates Posted Jan 16, 2020 by Martin Armstrong

As we have reached the turning point for the conclusion of this 8.6-year wave, there is so much going on even politically it is mind-blowing. Everything from Impeachment of Trump which may bring a surprise, European army, constitutional change in Russia, riots in Iran, a new record high in the US share market, the bounce in gold, to so many other aspects, not the least of which may be the end of negative interest rates, the field is so crowded because this is indeed a very important turning point.

In ECM Day is Here Posted Jan 18, 2020 by Martin Armstrong

The questions we must now address are has the stock market reached a temporary high? Will we face the abolishment of money in favor of electronic to prevent bank runs? Will governments seize cryptocurrencies and force the money to be transferred to their own cryptocurrency?

Will climate now turn bittering cold as the next solar cycle which also begins here in 2020 results in food shortages and a rise in commodities?

In The Dow & the Economic Confidence Model Posted Feb 2, 2020 by Martin Armstrong

COMMENT: Marty, I have to laugh. Only those who have followed you more 20 years understand you have discovered the hidden order behind the facade. Fantastic call on this turn in the ECM. Once again to the very day in the Dow. And people do not think your model is real? They must be idiots who also worship Greta.

All the best

CR

REPLY: I know. They cannot get their head around the fact that the Economic Confidence Model has pinpointed so many events in markets to geopolitical events to the very day. This proves BEYOND a shadow of a doubt that there is a hidden order behind the chaos.

 Here is the visualization of the events:.

So his first attempt of calling the high on the day of the ECM turning point failed.

 

The next theme is the subsequent March low. He does NOT have a prediction for the timing or the price. However he makes claims that he identified it later. In the following I will show that nothing could be further from the truth. To sum it up: He predicts a re-test of the low on the next July turning point instead of the actual V-shaped recovery.

Here is the visualization of the March low:

Here are some quotes from his private blogs ($1,800 per year Socrates service), some via other social media accounts (will add more later):

 

In I give up. Time to buy. Posted July 05, 2020 by crash6363

It was the same for me, I shorted the market thought out April and the start of May listening to Armstrong. In Mid-May I went long and have made £7000 since however I did lose £3k listening to Armstrong so I’m £4K up.

He goes on about all his amazing forecasts and how he is a legendary trader but he is none of these things the Corona virus has exposed him as just another salesman trading of lies of making great calls in the past.

Just a few weeks ago in a interview he claimed to have called the low and the rally

See also:

The Mother of all Forecast Claims