Posted on 05/18/2010 7:26:44 AM PDT by blam
Martin Armstrong: The "Flash Crash" Was A WATERFALL Event Like The One That Preceded The Fall Of Rome
Joe Weisenthal
May. 18, 2010, 10:07 AM
The famous market philosopher Martin Armstrong, who is currently in prison in Ft. Dix New Jersey, has turned his attention to the "Flash Crash" of May 6, which he sees as a profound event.
He describes the event as a waterfall -- the opposite of a blowoff bubble top -- that presages the start of a profound shift in the world economy.
He calls the "fat finger" or glitch theories nonsense, saying it's all about Greece, and the global debt crisis.
[snip]
(Excerpt) Read more at businessinsider.com ...
WTF???
What’s he in prison for?
“Concealed Handgun Permit Holders Have Killed at Least 161 Since May 2007”
Eh?
SCRAP THAT. Darned copy and paste error.
If this was a fat finger incident, details would be known by now. I think there was a crash and somewho the feds moved in to shore it up. Not sure how many times they can do that.
“who is currently in prison in Ft. Dix New Jersey”
Eh?
“The famous market philosopher Martin Armstrong, who is currently in prison in Ft. Dix New Jersey”
It begs the question...
He does have a very good point.
As they say in TPB’s...
The Crapicane is coming!
I’ve wondered if this is how the Romans felt when they saw the barbarian armies approaching.
I thought he raced bicycles? :)
Notice that the spike of activity is just before close... making all the numbers look nice and pretty for the day.
The next day, the market starts considerably lower.
Bad ticks are always revisited.
Armstrong is a cult figure but is a genius in some ways.
perverts, lefties and lesbians infest the government,
and Miss USA is a Muslim pole dancer/stripper contest winner,
yep, just move along, everything normal here!
I am extremely well diversified and somewhat hedged against individual currency problems and debt defaults.
Essentially, I own a certain fraction of the whole world, with a couple of conservative side-bets.
I’ll still own the same fraction of the world if there is a crash. The world will just be worth less, and so will I.
But I have ammo, lots of wild critters to eat, and a large fenced yard I farm and can defend. I’ll survive.
Knowing too much. And fraud.
He is in prison for investment fraud. He is some kind of financial ‘genius’ and was a millionaire at age 15. He has published a lot on finance/democracy....
Wikipedia....has a lot more. Actually true or false..I don’t know.
.
The barbarian invasions were massive shifts of “civilian” populations as well. Very much like the illegal invasion America is suffering from now.
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