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Stocks fell sharply Thursday after an unexpected spike in jobless claims and as global jitters pushed the dollar higher. -snip- The Dow Jones Industrial Average was down nearly 300 points, or almost 3 percent, and the CBOE volatility index, widely considered the best gauge of fear in the market, spiked more than 20 percent to above 43, its highest level in over a year.

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....