I have a question about one of your forecasts. Last year you mentioned that possibly the trade of the decade would be going long the euro and short the Swiss. What's your opinion on that now?"
The rest of the video is Armstrong talking in general terms about his forecast. Armstrong called for going short on the Swiss Franc (symbol CHF) and Long on the Euro (EUR). That meant the value of the Swiss Franc would drop and the Euro would rise relative to each other.
Here are the links to Google finance chart showing the relative value of the CHF and EUR to each other, and the USD to both for comparison.
https://www.google.com/finance/quote/CHF-EUR?window=MAX&comparison=EUR-CHF%2CUSD-CHF%2CUSD-EUR
On January 15, 2015, Switzerland dropped the peg to the Euro. The value of the Swiss franc rose 30% before dropping. Since then the Swiss Franc has steadily risen and the Euro declined relative to each other. In comparison, the dollar has risen compared to the Euro and dropped to the Swiss Franc.
The exact opposite of what Armstrong predicted happened. Also interesting, looking at the Google Finance chart, is that the trends between all three currencies has been the same since the 1990s. There was nothing to indicate that shorting the Swiss and going long on the Euro made any sense for the last 20 years!
Armstrong's response was to ignore his previous forecast, and act like he forecasted what happened all along.
This is how he gets his 100% accurate track record.
(This is also assuming that the person asking the question paid the $2,000 to attend and was not a hired shill.)
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More information at Martin Armstrong Socrates Scam.
I tend to favor a basket of at least five common stocks of leading companies.
From my experience, two will probably be losers, two will likely not gain or lose much, and one might be a substantial winner.
Sounds like you are the one cherry picking.
I don’t know if any professional who remotely thinks any research source or any trading system has 100% accuracy - including Socrates.
It’s a tool.
If you do, you might as well shout that you’re ignorant - as you did!
FWIW Armstrong was on Greg Hunter’s show this week at usawatchdog.com and said that Socrates is projecting a Trump landslide.