Saturday, July 20, 2013

Market top predicted for August 7

Martin Armstrong claims that he has discovered a secret business cycle of 8.6 years (3141 days), with quarter cycles of 785 days.  He is predicting that August 7, 2013 will see a top in the stock market, which will then decline until September 3, 2014 then reach a major peak on October 1, 2015, after which a major recession will start.

He predicted the crash of October 19, 1987 to the day using this model.

See also the Economic Confidence Model.

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