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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
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To: cripplecreek

“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.


221 posted on 05/18/2010 9:18:32 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: kittymyrib

With all due respect, in that case, it will have been the voters who screwed up the election.


222 posted on 05/18/2010 9:18:35 AM PDT by motor_racer (That which you manifest is before you.)
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To: IYAS9YAS

Linked


223 posted on 05/18/2010 9:19:52 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: Kartographer

LOL bttt


224 posted on 05/18/2010 9:20:25 AM PDT by Matchett-PI (Obama: "Let's Pursue Reparations Through Legislation Rather Than the Courts")
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To: Star Traveler
FReepers have been telling me that I’m crazy

Maybe they weren't referring to this, just all of the other stuff?

;<)

225 posted on 05/18/2010 9:21:15 AM PDT by Eaker (Pablo is very wily)
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To: Travis McGee

Thanks, Matt.


226 posted on 05/18/2010 9:21:18 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: cubreporter
So can city people if they’ll stop and take the time to think about what could happen and if it did...would they be prepared????

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.

227 posted on 05/18/2010 9:21:46 AM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
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To: P-Marlowe
Money is a liquid asset. Where do you sell your money?

To somebody who will buy it for gold.
Or better yet, for fertile land.

228 posted on 05/18/2010 9:21:55 AM PDT by Lancey Howard
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To: tet68
Note: I don’t recognize the country NOW!

That is a very good point. Me neither.

229 posted on 05/18/2010 9:22:54 AM PDT by Lancey Howard
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To: blam
#5) An Axe Staying along the theme of staying warm, you may want to consider investing in a good axe. In the event of a major emergency, gathering firewood will be a priority. Without a good tool to cut the wood with that will be much more difficult.

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.

230 posted on 05/18/2010 9:23:45 AM PDT by GOPJ (Americans..speak of capitalism's glories(rather)than of socialism's greatness. Elena Kagan (thesis))
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To: P-Marlowe
I think “silver rounds” (one oz. non-govt coins) are the way to go. But availability is another question!
231 posted on 05/18/2010 9:24:05 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: blam

(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.


232 posted on 05/18/2010 9:25:09 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: MHGinTN

You bet.


233 posted on 05/18/2010 9:25:53 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: GOPJ

In my area, there are a lot of dead, barkless trees still standing ... big enough to need an ax.


234 posted on 05/18/2010 9:26:16 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Travis McGee

When I clicked on ‘Search older articles’ (yours dates to March of this year!) it comes up.


235 posted on 05/18/2010 9:27:17 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: P-Marlowe
And what happens when FDR2 decides it is in the best interests of the country to confiscate it all at $35 an ounce?

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.

236 posted on 05/18/2010 9:28:47 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee
BTW, do you know if the 22 magnum Kel Tec EMR is out for purchase yet? ... I'm going to acquire one or two of those, to sell of course. ;^)
237 posted on 05/18/2010 9:28:49 AM PDT by MHGinTN (Obots, believing they cannot be deceived, it is impossible to convince them when they are deceived.)
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To: MHGinTN

The .22M pistol? Yes, it’s out.


238 posted on 05/18/2010 9:29:46 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: investigateworld; humblegunner
While I doubt we'll see any gay biker gangs in assless chaps,

Pinging humblegunner for his expertise.

239 posted on 05/18/2010 9:29:59 AM PDT by Eaker (Pablo is very wily)
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To: cripplecreek
Lone survivor types always make me chuckle. They overlook obvious logistics issues and believe that certain REQUIRED functions will just magically happen. :-) I had a conversation with one not long ago about this. We live in a semi-rural place and actually DO have enough people on-hand to do things such as stand 24x7 guard. ... so long as too many people don't get sick, or unable to do so. I spoke to him about this very thing and asked him how that was going to work out for him? I asked him what he was going to do if he ran out of ammo or food and supplies. He said he had a large cache buried. I asked him what if some of my people managed to follow him and take it away? He got flustered and really didn't want to talk about it after several minutes. I just couldn't seem to convince the moron that several pairs of hands, feet, eyes, and ears were better than one....MUCH better than one. He was mad by that time and didn't want to talk anymore.
240 posted on 05/18/2010 9:31:09 AM PDT by hiredhand
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