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 ...
“Yeah, I know. But the online database is troubling to me.”
In a total collapse I won’t be located at the address FCC has on file. Making preparations for even EMP events. ;-)
Thank you. I have been trying to store up on certain food items and supplies in case of whatever might happen, but according to this article and your statements, I would have to leave most of what I have squirreled away and flee. It is very distressing.
There's your mistake - you think everyone perceives "heroism" the way you do.
Why do you think The Won refused to give up his Blackberry?
Because he's an empty shirt, he knows he's an empty shirt, and he depends on that Blackberry to get his directions from his masters.
His masters are barbarians of the darkest stripe, intent on destroying freedom, Western Civilization and the United States. The Won is their willing, enthusiastic errand boy.
By driving the United States into economic collapse, he will be a hero to those manipulating his strings.
That is why he does what he does; remember that and it all makes perfect sense.
flr
ping & bump
“Excrement, meet fan... Fan, excrement” self-ping.
My (rural) neighborhood group does not plan on moving but we do have things (mostly the food and medicines) packed such that they can be moved (a short distance) easily if necessary.
We had originally planned to 'head for the hills' but decided that any major travelling with our supplies would invite ambushes, etc. and we'd find ourselves in unfamiliar territory too.
We'll stay and fight if necessary.
bump for later
Wow! What a thread! Thanks blam, travis, kart, star, and all for the info.
If you know where you are going you can store them there ahead of time. If you don’t know where you would be going, DO NOT GO! Instead find like minded people where you are and make plans to share and defend one another at some local location.
That sounds like a better plan B. Thank you.
There are really only two things to worry about. One, food shortages. Two, power outages. A hundred bucks can buy 3 months of canned food for one person. So for a few hundred bucks you could be well stocked for food. A rain barrel for 30 bucks could keep you in drinking water if you live in a wet climate. So a little prep will keep you and like minded friends alive should food or water be a problem. Your biggest worry will be defending your stuff. Hopefully you and your friends-neighbors can figure out a plan on how to do that. You will need at least 10-12 people all willing to work together. Every one should have a hand gun and a rifle or shot gun. Plenty of ammo would be nice too. 50 runs min for hand gun, 250 rounds min for long gun. With all that your chances are good against local criminals should worst come to worst. However you won’t stand a chance against anyone with grenades or RPG’s. Keeping a low profile is a must.
I am keeping all this info close. The one thing I do not have is a gun and don't know anyone that does. I think I will investigate applying for a license and take some lessons at the shooting range. To know you have control of your own destiny makes things seem less helpless.
Having a pre-arranged site of refuge with all the necessary supplies in place is the best plan...that plan ought to provide you with a foolproof method for getting to this site when TSHTF. You will not be able to travel at your leisure, etc.
Related thread,
http://www.freerepublic.com/focus/news/2517435/posts
Dow Drops Nearly 300 as Jobless Claims Jump
CNBC.com ^ | 05/20/10 | Staff
Posted on Thu 20 May 2010 08:45:07 AM MDT by OldDeckHand
Stocks fell sharply Thursday after an unexpected spike in jobless claims and as global jitters pushed the dollar higher.
I didn’t think it would be the very same week you posted this thread that the whole thing started to unravel.
Things are really heating up.
Where do you live? I don't know anyone that doesn't have a gun.
These are preparations made with lintels, rice and so forth.
Go down to your local supermarket and buy canned hams, canned chicken, canned tuna and the like.
25lb bags of rice, beans go along way if rationed for a family.
Ammo, ammo, more ammo. For hunting wildlife of course.
I'm not overdoing the ammo. I figure that by the time I have to put a round through a fellow human, there won't be much time left to use the rest of the ammo. It will be anarchy or a fascist crackdown. My ammo is tilted in the direction of food acquisition via hunting 4 legged critters.
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