San Felipe, I didn't disprove Armstrong, I merely fixed his theory up and made it better for him.....and he damned well better appreciate it LOL.
As for Kondratieff he is all "what if ??" at the minute. I have patiently waited for the DOW to get into the mid to low 7000s as that was when I expected a bottom......but the job's going pear shaped. Laundry and others are calling the market lower, commodities showing no strength, former powerhouses like GM teetering on the brink.....
....so yeah, I am wondering "what if" Kondratieff is right.
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