Posted on 05/18/2010 7:05:51 AM PDT by blam
Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
Joe Weisenthal
May. 18, 2010, 8:57 AM
Image: US Army
WHOA!
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
That's pretty intense!
Update: By popular demand, here's more on what he sees in the market:
And I ask myself, "Am I seeing things? The April 26 high for the Dow was 11205.03. The Dow is selling as write at 10557 down 648 points from its April high. If business is even better than expected, then why is the Dow down over 600 points? And why, if there were 674 new highs on the NYSE on April 26, were there only 20 new highs on Friday, May 14? And if my PTI was 6133 on April 26, why is it down 17 points since its April high?
The fact is that I've been seeing deterioration in the stock market ever since early-April, and this in the face of improving business news. The D-J Industrial Average is composed of 30 internationally known top-quality blue-chip stocks. These are 30 of "America's biggest companies." If Barron's is so bullish on the future of America's
[snip]
The DJIA is up 62 as I post. See here.
(Excerpt) Read more at businessinsider.com ...
“An elephant is a heavily armed and dangerous creature but a dozen hyeanas can take one down.”
Yes they might possible take one down but after they do the pack will never be the same.
With all due respect, in that case, it will have been the voters who screwed up the election.
Linked
LOL bttt
Maybe they weren't referring to this, just all of the other stuff?
;<)
Thanks, Matt.
I hope they will stop and think, soon. I do think more are waking up to this realization every day. Based on my observations over the years, I'd suspect the majority of folks, country and city, never contemplate such a crisis, much less be prepared for one, until the actual event jumps up and swarms them one morning, much like 9/11 did for me.
To somebody who will buy it for gold.
Or better yet, for fertile land.
That is a very good point. Me neither.
Ummmm, it's like REALLY hard to burn green wood... If you've got to stay warm with wood, it needs to cured for at least a year. Squaw wood is easy to pick up - but everyone will be picking it up - and it burns quickly - not long enough to start the green stuff.
(An email that is going around.)
I’ve been mulling this over, and I’ve decided not to talk even obliquely any more about PMs on the internet. I’ve concluded that EVERYTHING is ultimately “searchable,” and talking about PMs on the internet may turn out to be like painting a sign on the house, “GLD AND SLVER INSIDE! ROB ME!” It doesn’t take a world-class hacker to find where you live anymore. Anybody can do it. See where you live in two clicks on “whitepages.com.”
From computer chat to home address is as easy as 1-2-3. Now it turns out that every single internet user has a unique “computer DNA” based on his surfing habits. The feds can look at a sample subject’s week of internet travels (not knowing who they are or what computer was used), and determine the subject’s ID based solely on comparing those visits to millions and millions of previous internet histories sampled from the ether and stored. I didn’t say that well but you know what I mean. There is zero privacy or security on the internet, including email.
It’s going to be rough enough when the USA “goes Argentina” without guarding against “internet miners” who have been searching for “loose lip tips” about who might have this or that at home. (Guns, PMs, cash, whatever.) Not even Rambo can guard a house or even a ranch 24/7 by 360*. Look at Mexico etc to see how even wealthy VIPs with security are kidnapped and home/ranch invaded all the time. A Mexican Senator was just kidnapped, for example. And every comment ever made on any forum or probably even on email is going to turn out to be “searchable” at some point in the future.
I’m going to throttle way back on the PM discussion, and make only very general comments. (Even to not spelling gld or sliver correctly on email, to make internet mining a little harder.) I really regret dumb comments I made like, “I bought my gld at 500 dollars per oz.” Many folks would kill us for just ONE ounce of that stuff. Even if they just thought it was 50-50 that we had even one damn coin.
Just a word to the wise...
PS: the SOP for finding hidden valuables in Mexico, Argentina etc is to torture your wife or children in front of you while you’re wired to a chair. Even if they’re not sure you have hidden valuables, home invaders run a bluff and do this anyway, just in case you do. Couple that with internet mining for rich targets, and it’s an ugly picture and sure to get much uglier.
You bet.
In my area, there are a lot of dead, barkless trees still standing ... big enough to need an ax.
When I clicked on ‘Search older articles’ (yours dates to March of this year!) it comes up.
They can make it a "two-fer" and come to collect the guns on the same trip. The result will be the same: a shooting civil war against federal tyranny. It's not 1933, our basic trust and belief in govt is long gone.
The .22M pistol? Yes, it’s out.
Pinging humblegunner for his expertise.
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