John wrote:Here's some new craziness.
Investors are whining because the S&P 500 index has not reached a new
all-time high for 32 days. The last time was March 2, which was an
eternity ago.
Then there's this from a portfolio manager:
>
> "We think the investor has gotten a little bit spoiled. The market
> has reached a valuation level where more things have to go right,
> in that earnings have to come in strongly and interest rates have
> to remain low. Without the Fed in QE, fundamentals matter more
> this year."
http://www.bloomberg.com/news/articles/ ... -investors
Meanwhile, the S&P 500 P/E ratio has reached not an all-time high but
a very high high:
http://failedevolution.blogspot.gr/2015 ... after.html
A global sovereign debt crisis after October 1st?
Suggested from the 17th Thessaloniki Documentary Festival, 13-22 March 2015
Martin Armstrong, once a US based trillion dollar financial advisor, developed a computer model based on the number pi and other cyclical theories to predict economic turning points with eerie accuracy.
In the early 80s, he established his financial forecasting and advising company Princeton Economics. His forecasts were in great demand worldwide.
As Armstrong’s recognition grew, prominent New York bankers invited him to join "the club" to aid them in market manipulation. Martin repeatedly refused. Later that same year (1999), the FBI stormed his offices confiscating his computer model and accusing him of a 3 billion dollar Ponzi scheme.
Was it an attempt to silence him and to prevent him from initiating a public discourse on the real Ponzi Scheme of debts that the world has been building up for decades?
Armstrong predicts that a sovereign debt crisis will start to unfold on a global level after October 1, 2015 – a major pi turning point that his computer model forecasted many years ago.
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If he is right, this could get very interesting. -- and not in a nice way.
Got canned goods and not in a city?
