Posted May 29, 2013 by Martin Armstrong
One Reader Writes: Yes Europe in their summer, for those that actually work(ed) in European institutions, the upper management — (parasites – say it the way it is), will take ALL of August off as vacation time (can you imagine 4 weeks!!!!!!!!!!!!!!…I mean WHO in the US gets the luxury of 4 weeks vacation???). AND as the saying goes “when the cats out the rats/mice play” So September might be too late MA.. August could be the fireworks month…
September is the German Elections. However, the first week of August is the turning point on the Economic Confidence Model that the computer is starting to pick up in many markets. Look for those that make lows at that time will rally generally thereafter. The market marking high at the time in August, may then turn down into October.