Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
The Business Insider ^ | 5-18-2010 | Joe Weisenthal

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: badnewsblam; crash; cwiiping; dickrussell; djindustrialaverage; doom; dow; dowjones; dowtheoryletters; economy; foodstorage; industrialaverage; investing; investments; markets; preparedness; prepper; preppers; preps; richardrussell; russell; stockmarket; stocks; survival; survivalism; teotwawki; weisenthal
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200 ... 501-502 next last

1 posted on 05/18/2010 7:05:51 AM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: blam

Money is a liquid asset. Where do you sell your money?


2 posted on 05/18/2010 7:07:23 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
[ Post Reply | Private Reply | To 1 | View Replies]

To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; Blue Jays; ...

Survival/Preparedness ping!


3 posted on 05/18/2010 7:07:54 AM PDT by ChocChipCookie (God to Obama: Don't think I'm not keepin' track. Brother.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Note: I don’t recognize the country NOW!


4 posted on 05/18/2010 7:08:56 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Dow Theorist: Sell Everything Liquid

What the heck is this guy talking about? YOU SELL THINGS IN ORDER TO BE LIQUID. Now that you're liquid, how do you sell your money ?

He might as well tell us to get out of the USA and sell dollars for something else by year end.
5 posted on 05/18/2010 7:09:35 AM PDT by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies]

To: P-Marlowe
Where do you sell your money?

You sell it for food, water storage, fuel, supplies and ammunition. You can't eat the money.

6 posted on 05/18/2010 7:09:47 AM PDT by TChris ("Hello", the politician lied.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

Well... back in 1998, I was saying... this is the coming Great Depression... I guess someone else is catching on to it now ... (but he’s certainly not the first, by any means) ... :-)

In fact, I’ve said it’s the “Great Depression” even while other FReepers have been telling me that I’m crazy ... hoo-boy!

I guess we’ll see...


7 posted on 05/18/2010 7:10:25 AM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I have been out of the market for a long time. I only look for stocks to short.


8 posted on 05/18/2010 7:10:51 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: P-Marlowe
Money is a liquid asset. Where do you sell your money?

To me..... I'll give you a nickel on the dollar. But don't worry, they'll be wet nickels.

9 posted on 05/18/2010 7:11:05 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

Those of us who grew up poor and frugal are at a great advantage in a lot of ways.


10 posted on 05/18/2010 7:11:11 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
[ Post Reply | Private Reply | To 1 | View Replies]

To: P-Marlowe

http://www.learcapital.com

freepmail me if you want a free shipping coupon


11 posted on 05/18/2010 7:11:30 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

I will stay as I am. Just another wacko with stock motives.

Too many experts and their crystal ball is cracked.


12 posted on 05/18/2010 7:11:36 AM PDT by mountainlion (concerned conservative.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

.
Hell. I don’t recognize it now.


13 posted on 05/18/2010 7:12:09 AM PDT by Touch Not the Cat (Where is the light? Wonder if it's weeping somewhere...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

If the GOP manages to screw up the November elections, the bottom will fall out of the stock market. Traders are banking on a Republican win to halt BO’s Marxist agenda.


14 posted on 05/18/2010 7:12:16 AM PDT by kittymyrib
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I’ve subscribed to Russell for years. He called the big move down.

Take a hard look at the CDOs - especially the ones the FDIC now owns. Look at the projections of federal debt, as provided by the Congressional Budget Office.

His suggestion: cash and gold. I think he’s right.


15 posted on 05/18/2010 7:13:34 AM PDT by neutrino (Globalization is the economic treason that dare not speak its name.(173))
[ Post Reply | Private Reply | To 1 | View Replies]

To: TChris

Stupid. You will die surrounded by boxes of ammo.


16 posted on 05/18/2010 7:13:44 AM PDT by bvw
[ Post Reply | Private Reply | To 6 | View Replies]

To: Star Traveler

The food riots will be ugly. The communists need a catastrophic collapse and are in position to cause it.


17 posted on 05/18/2010 7:14:04 AM PDT by screaminsunshine (S)
[ Post Reply | Private Reply | To 7 | View Replies]

To: blam

So after a 5,500 pt rally, the market loses 700 points (and quickly recoups half of that), and this pricknose wants me to hit the panic button. Curious: Was he issuing strong BUY recommendations in March 2009 when the market was cheaper than it had been in 20 years? No? He was saying SELL then too? Well, then how can anyone who followed his advice then, follow his advice now? They don’t own anything TO sell.


18 posted on 05/18/2010 7:14:57 AM PDT by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: bvw
Stupid. You will die surrounded by boxes of ammo.

???

You lost me there. What are you talking about?

And what did I ever do to you to deserve being called "stupid"?

19 posted on 05/18/2010 7:15:01 AM PDT by TChris ("Hello", the politician lied.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: mountainlion

I wish these experts would graph their predictions so we could tell if they are worth listening to.

Same with the religious leaders who predict the end of the world every time there is an outbreak of violence in the Middle East.


20 posted on 05/18/2010 7:15:05 AM PDT by earlJam
[ Post Reply | Private Reply | To 12 | View Replies]

To: blam
The One Commodity That's Down Today Is A Big Red Flag For Housing (Lumber)
21 posted on 05/18/2010 7:15:27 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

While there might be some truth to this, if people do what he says that will of course MAKE that result come true.

Selloffs are what CAUSE crashes. Well, they’re one cause. Again, not saying it couldn’t happen (I’m scared sh*tless lately) but part of me thinks he *wants* this to happen.


22 posted on 05/18/2010 7:15:38 AM PDT by RockinRight (I can see November from here!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kittymyrib

I think most people are waiting on the outcome of November to determine whether to go into full survival mode.

However, you should think about what you’re gonna do if November election day comes and goes and the same folks are still in power, especially if this outcome is due to obvious shenanigans.

Think about what you’d do in that “what if”, and start planning to do it NOW.
Where are you going to buy food stores? Water stores? Alternative energy? Guns & ammo? Gold & silver?
Get these things LINED UP, even if you don’t buy them now.


23 posted on 05/18/2010 7:15:38 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: blam
I am still prepared for Y2K.
24 posted on 05/18/2010 7:15:44 AM PDT by mountainlion (concerned conservative.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I wasn’t paying that much attention, so I don’t remember the name, but on CNBC they interviewed someone who predicted Dow 5000 by year end.

Maybe if everyone is predicting doom and gloom, it won’t happen.


25 posted on 05/18/2010 7:15:51 AM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mountainlion

Good practice run...


26 posted on 05/18/2010 7:16:37 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: P-Marlowe
Where do you sell your money?

This is where I sell my money. :) APMEX

27 posted on 05/18/2010 7:16:42 AM PDT by jpsb (bump)
[ Post Reply | Private Reply | To 2 | View Replies]

To: P-Marlowe

Stocks and bonds are considered liquid assets. That’s what he is referring to.


28 posted on 05/18/2010 7:17:03 AM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
[ Post Reply | Private Reply | To 2 | View Replies]

To: cripplecreek

Amen ... I’ve enjoy the blessings since childhood, but i remember what it was like to not have so many ‘needs’.


29 posted on 05/18/2010 7:17:08 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: P-Marlowe

buy property, buy stockpiled foods, lots and lots of ammo for the entitlement zombies.


30 posted on 05/18/2010 7:17:13 AM PDT by GeronL (Political Correctness Kills)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TChris

Move away from the big cities.

They are filled with looters and entitlement zombies.


31 posted on 05/18/2010 7:18:01 AM PDT by GeronL (Political Correctness Kills)
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam

Time to buy...stocks are on sale.


32 posted on 05/18/2010 7:18:29 AM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bvw

Do a freerepublic search for ‘Arm Your Neighbors’ ...


33 posted on 05/18/2010 7:18:54 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: P-Marlowe
Money is a liquid asset. Where do you sell your money?

Depends on what you're defining as 'money.'

If you're talking about rectangular green pieces of paper/linen debt instrument, maybe you should consider exchanging this alleged 'money' for a commodity like gold, silver, ammunition, food, or other preparation items.

Even if one only exchanges 10% of his 'money' for assets, at least the result is something tangible in the event of a monetary collapse.

It's just good insurance.

34 posted on 05/18/2010 7:19:11 AM PDT by JOAT
[ Post Reply | Private Reply | To 2 | View Replies]

To: P-Marlowe

In the gold market.


35 posted on 05/18/2010 7:19:14 AM PDT by Republic of Texas (Socialism Always Fails)
[ Post Reply | Private Reply | To 2 | View Replies]

To: stephenjohnbanker

How do you short a stock? I’d like to short the whole damn market.


36 posted on 05/18/2010 7:19:31 AM PDT by jpsb (bump)
[ Post Reply | Private Reply | To 8 | View Replies]

To: babble-on
Was he issuing strong BUY recommendations in March 2009 when the market was cheaper than it had been in 20 years?

Good question. Likely not.

If he was, I might listen to him now.

37 posted on 05/18/2010 7:20:15 AM PDT by Siena Dreaming
[ Post Reply | Private Reply | To 18 | View Replies]

To: bvw
You will die surrounded by boxes of ammo.

Spent or unspent? ;-)

38 posted on 05/18/2010 7:21:12 AM PDT by IYAS9YAS (Liberal Logic: Mandatory health insurance is constitutional - enforcing immigration law is not.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: TChris; bvw
Stupid?

This is not DU.
There was a time on FR where it was possible to disagree with someone without resorting to ad-hominem attacks like 1st graders or DUmmies.

Come on gents...

39 posted on 05/18/2010 7:21:14 AM PDT by Bon mots
[ Post Reply | Private Reply | To 19 | View Replies]

To: blam
The New American Consumer Is Terrified Of Debt Even As The Economy Grows
40 posted on 05/18/2010 7:21:33 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Star Traveler

“In fact, I’ve said it’s the “Great Depression” even while other FReepers have been telling me that I’m crazy ... hoo-boy!”

Even if you’re right... you’re still crazy.

;)


41 posted on 05/18/2010 7:21:39 AM PDT by PetroniusMaximus
[ Post Reply | Private Reply | To 7 | View Replies]

To: cripplecreek
Those of us who grew up poor and frugal are at a great advantage in a lot of ways.

I guess I owe my parents thanks for hard lessons learned when I was young. Like the song says, a country boy can survive.

42 posted on 05/18/2010 7:22:24 AM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

More gloomy predictions:

Why Dow 5000 Is Still ‘Very Likely’: Strategist

http://www.cnbc.com/id/37190967

Last week, David Hefty, chief executive of Cornerstone Wealth Management, warned investors of a sudden market “freefall,” sending the Dow below 5,000.

“The Dow 5,000 piece is very likely—that’s not even the extreme low,” Hefty told CNBC. “It only takes a few hedge funds to get that margin call.”


March 2009 Lows Will Be Tested: Strategist

http://www.cnbc.com/id/37205731

The stock markets’ March 2009 lows could be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday.


Of course, as I said, if everyone is bearish, maybe the bottom won’t fall out afterall.


43 posted on 05/18/2010 7:23:53 AM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jpsb

Most families own some fine jewelry. It may not be alot, but still it is a source of gold for sale. Best place to sell it is www.usgoldbuyers.com. They are located in NYC and offers 90 percent of spot price. Do not go to pawnshops or other advertised gold buyers because they offer substantially less. Furthermore, usgoldbuyers post their buy prices of gold. You can send it to them by or walk into their NYC office in the diamond district. Interesting note - Sears and K Mart is starting a service that will buy gold from customers.


44 posted on 05/18/2010 7:24:15 AM PDT by Fee (Peace, prosperity, jobs and common sense)
[ Post Reply | Private Reply | To 27 | View Replies]

To: ChocChipCookie

Which keyword do I use to find the survivalist thread?

Do I need to know the secret knock, or what? There used to be a lot of good recipes and stuff on there, but I can’t ever get to it!

:(

btw, great blog, ladybug. I recommend it.

http://thesurvivalmom.com/

It’s cool beans, you guys!


45 posted on 05/18/2010 7:24:25 AM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
[ Post Reply | Private Reply | To 3 | View Replies]

To: blam

42% accuracy rate for this “guru”? Hrm.

I believe there are serious problems brewing, but you’ll have a better success rate NOT listening to this guy.

http://www.cxoadvisory.com/individual-gurus/richard-russell/


46 posted on 05/18/2010 7:24:30 AM PDT by bolobaby
[ Post Reply | Private Reply | To 1 | View Replies]

To: tet68

Ain’t that the truth!

*applause*

Post of the day!


47 posted on 05/18/2010 7:25:00 AM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Siena Dreaming

any stock market “expert” who’s always Bearish or always Bullish is always useless.

What my guy says to me is that over time, you should buy stocks when they are cheap relative to their value and earnings, and sell them when they are expensive, and you’ll do better than trying to figure out the macro environment, which is a kaleidoscope of confusion. Right now, stocks are pretty expensive. Not a great time to be buying, but these guys who are literally trying to incite panic with their florid language irritate the hell out of me.


48 posted on 05/18/2010 7:25:29 AM PDT by babble-on
[ Post Reply | Private Reply | To 37 | View Replies]

To: GeronL
The Ready Store
49 posted on 05/18/2010 7:25:34 AM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: MHGinTN
Do a freerepublic search for ‘Arm Your Neighbors’ ...

Title search resulted in "Nothing matched your criteria."

50 posted on 05/18/2010 7:25:56 AM PDT by IYAS9YAS (Liberal Logic: Mandatory health insurance is constitutional - enforcing immigration law is not.)
[ Post Reply | Private Reply | To 33 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200 ... 501-502 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson