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Dow in Euros

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Lobo
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Dow in Euros

Post by Lobo on Tue 25 Aug 2015, 2:56 pm

Dow in Euros
Posted on August 24, 2015 by Martin Armstrong


QUESTION:
Mr. Armstrong;
In Munich, you said the US share market had peaked in euros and the low looked to be in August. Is that view still on track?
WG
ANSWER: Yes. When you plot the Dow in euros, the high was March, not May, as it was in dollars. This suggested that August would be a five-month correction in euros, but perhaps a three-month FALSE MOVE in dollar terms. This was linked to the decline in commodities, which of course would spark repatriation by Europeans from emerging markets where they have been heavy investors in commodity production.

This entry was posted in Dow Jones, Q&A and tagged Dollar, DOW, Dow in Euros, Euros by Martin Armstrong. Bookmark the permalink.
http://www.armstrongeconomics.com/archives/36469

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