Martin Armstrong is still bullish on the stock market. Europe is still in trouble. Draghi isn't abandoning QE so quickly. He's trapped and so is the Euro. There's a big bet against the Euro taking place as witnessed by the German Bund spreads. There's a huge crisis in the offing. And it's worldwide, the US and Europe and elsewhere. They need a minimum return of 8% and there's few opportunities to get it. Forget government bonds, they're a guaranteed loser. The ECB owns more than 40 percent of all government debt. Therefore, it's impossible to cover future pension debt. Compared to the ECB, the Fed looks like it knows what it's doing.
Martin Armstrong is a world renown economist and the creator of the Economic Confidence Model. He is the founder of Armstrong Economics - a public service and blog for the average person to comprehend the global economy and for professionals to access the most sophisticated international analysis possible.