One of Armstrong's last comments made in 2000:
"I view the world from a global correlation perspective and it just doesn't seem possible to achieve a raging bull market in metals when stocks are the flavor of the month. Historically, bull markets are created when capital concentrates, and that focus is in the stock market for now. When that concentration breaks, capital will look around for the next great investment. That should be the commodity cycle between 2002-2007 and perhaps extend out as late as 2012. For now, the metals should make their final lows by 2002. Either way, they should be contrasted by a bubble top in stocks."
Hi guys,
What do you think of this comment. I tend to agree with his analysis especially on commodity market not sure about stock market. Buy as long as long as China, India, Russia and other emerging market middle class continue to increase. The price of these commodity should continue to rise.