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 ...
LOL ... well that explains how he got elected...
If "Spent" it was probably worth it. If "unspent" worthless...
yes... and it’s important we heed what COULD take place and be prepared if it does. :) Some won’t but...most will cause this is getting way too serious and people may not want to be left out in the cold.
To be more clear ... now’s a good time to start a program of selling off over-inventory of ammo WHILE THE PRICE IS HIGH.
That’s REAL freedom, economic liberty. To make a PROFIT!
Then go and buy a bag of stocks, for nothing but stocks of good companies will be a refuge when we go hyper inflation in the dollar.
Keep enough ammo to meet realistic needs over a year, and also keep a few months emergency food, necessities and water provision. Have some small amount of gold and silver in coin and jewelry form. FDR confiscated coin and bar, but not jewelry.
But to keep buying ammo to add to a hoard is stupid. And to recommend that all stocks be liquidated is EXTREMELY stupid.
If we break into mass civil disorder because of something like an extreme financial collapse, it's not going to be such a good thing.
Yeah, very true... and the end to the United States.
It will never recover, because those many different and competing tribes will gradually gain in power, each one and perhaps group together in bigger and stronger tribes (either through localized warfare or protective agreements) and the "government" of all these groups will be radically different, depending on the people in the groups, who has the actual "power" and many other factors, like energy and food and ability to sustain a community with commerce, and so on.
I know that many here are "ready" for such a thing, and others are trying to get ready -- but we better make it so that it doesn't happen, because it's the total end to the way of life that we talk about as the United States that was formed in the beginning and the end to the Constitution -- you can "write off" the whole thing -- at that point.
It's "every person for themselves" from there forward...
I just looked it up
Hell, its fun right now ;-)
No, but one of the other Dow Theorists did issue a Buy shortly thereafter, and is still on a Buy.
Do you have any suggestions????
Perhaps another thing to think about is the small matter of what other countries (like Russia and/or China) will do if the U.S. goes that way. It’s not like we will be in any shape to fight a conventional large scale war at that point.
Would the various parts of the former U.S. be willing to come to each others’ aid if one of them was attacked?
There might be a lot of animosity left over from the “separation” and “drawing borders” part of the break up for the resulting separate parts of the country to want to spend blood and treasure helping out each other for some time to come after that...
Nicely put I may have to borrow that line. Years ago I posted numerous times that the only thing standing between the oligarchy and global domination was the American middle class and it's "upity" belief in the US Consitution. There has been a full force frontal attack on the American middle class and it's Consitution for over 30 years now. The oligarchy smells blood and senses victory, it's paid D and R whores do it's bidding weakening faith, law and culture at every opportunity but I think they are mistaken. This Republic will not fall.
Not right now.
Thanks for keeping up with the 401K grab as I have. I had actually emailed Rush the day before he talked about it on air. I also emailed George Miller (my congressman) and told him exactly what I thought about it.
No, he will live sitting on crates of ammo.
BTW, just in case you are right let me FReepmail you my address and you can ship me any that you have. Wouldn't want you to suffer "death by ammo gluttony."
You bet! It would be all “downhill” really fast ... the “former U.S.” would be “carved up like a turkey on Thanksgiving” ... really fast by those other countries coming in here under the pretense of “protecting” certain groups that have “requested protection” — doncha know ...
The U.S. would become “colonized” by the rest of the world, in short order ... hoo-boy!
” Years ago I posted numerous times that the only thing standing between the oligarchy and global domination was the American middle class and it’s “upity” belief in the US Consitution. There has been a full force frontal attack on the American middle class and it’s Consitution for over 30 years now. “
That is why Obama has targeted the middle class. By far, the deepest “full force frontal attack” in American history.
Very well stated, however, although I agree with your last sentence, “This Republic will not fall.”, I believe it could get VERY ugly.
Money is a liquid asset. Where do you sell your money?
Maybe he meant vodka.
Kinda low on the list as folks who have been killed don't have much need for #1 - 15.
Cash and gold lose value dependent on things to buy with it and the psychological stature placed on their value.
At this point, forming armed communities with folks you trust and having supplies of food, clean water and fuel and small solar panel charge units will be of most value as well as a way out of urban areas with defensible rural areas mapped out in which to gather! The time was 5 years ago in which to plan but better late than never! The cities in blue states will become nightmares to live in!
As pointed out in an earlier post the Korean Store owners that stood watch over their places of business with weapons suffered little or no losses during the LA riots. So seems to me that those weapons were a good investment, but then you could just call 911 and wait for the police to show-up.
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