muses of the moment

June 14, 2012

groovygirl is thinking

groovygirl is thinking about Martin Armstrong’s latest turning point on June 6. She is about ready to call a low in gold and oil. But she is not quite ready to call a high in the dollar. She also thinks that gold and oil could bounce along a bottom line trend for the next few months (providing more buying time). She knows the government is doing everything possible to massage the markets for the election. That is why, she is also unsure of the stock indexes.

Any uncontrolled breakdown in Europe could trigger a sell-off of everything to cover losses. Not to mention the uncertainty in Iran and Syria.

Europe is a power keg. It is clear that the bailouts will continue and this summer will be full of them. It is also clear that non-austerity candidates will win European government positions. This is a turning point too. Austerity is out, printing is in. But how that will affect US markets and the dollar in general is still unclear.

Groovygirl has no affiliation with Martin Armstrong. This is strictly her completely unprofessional opinion.

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2 Comments »

  1. What june 6 turning point are you referring to concerning Mr. Armstrong? Could you please tell me where to look for that article. Thank you.

    Comment by paul — June 14, 2012 @ 7:56 pm

  2. Paul,

    I have searched for the report and I can’t find it. It was in the middle of another report on a different subject. It was a further breakdown of this model.

    ECM Turning points between June 14, 2011 and October 1, 2015:
    Jan 18, 2012
    June 6, 2012
    Aug 7, 2013
    Aug 3, 2014
    Oct 1, 2015

    Economic Confidence Model turning points are just that, turning points in confidence, not necessarily a specific market, not necessarily a specific country.

    gg

    Comment by totallygroovygirlfriday — June 15, 2012 @ 12:04 pm


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