Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year

The Business Insider ^ | 5-18-2010 | Joe Weisenthal

[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.

[gundog]

Where? Transmitting at what freqs? What good would keeping a tube radio around do? Will I still get my classic rock?

[freespirited]

where do you get them?

[MrB]

Wow... where?

I’d give them double face value... :)

Also be on the lookout for 1964 and earlier dimes and quarters - 90% silver by weight.

[Red in Blue PA]

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

Convert it into ammo.

[Red in Blue PA]

Stupid. You will die surrounded by boxes of ammo.

Ammo has done much better than most all other investments over the past 5 and 10 years.

Stupid is not acknowledging this simple fact.

[Screaming_Gerbil]

For those interested you can download my Preparedness Manual at:

http://www.mediafire.com/?ojmy2z1zfin

I downloaded it - a very reasonable 3.02 MB .pdf file. I opened it up and took a quick look at it. Very well organized, well written, quality graphics, and lots of practical information. Well worth the download.

[bvw]

Buy straw hats in winter.

[gundog]

Coastal Oregon. Got back into coin collecting when they started doing interesting coins...State quarters, etc...I know...fiat coinage...probably losing value sitting around.... Anyway, I’d get rolls of quarters at the store and go through them. Haven’t found many silver quarters lately, but someone seems to be dropping silver halves at a local grocery. A cashier told me she bought a couple of 1943’s from the till...had to rub it in...and I got a really nice ‘63 the other day. At the outset of the recession, I found a few silver-clad halves that had been spent...I think gas prices were a big driver.

[gundog]

Also, they keep,a tin of what they call UFO money. Foreign stuff mostly. Sometimes I'll look in it. They're more than happy to take a "real" quarter for the old silver Canadian ones. :)

[Star Traveler]

For informational purposes ... I downloaded it and it introduces itself with the following ...

This manual is heavily based upon the LDS Preparedess Manual as complied by Brother Christopher M. Parrett who gathered together the works of many different authors from the public domain of the Internet over the course of many years. I have merely edited and added to his complitation so that the manual is more generically direct toward those of all Christian faiths. Without Brother Parrett work this manual would not have been possible.

Brother Parrett work can be viewed and downloaded at: http://www.ldsavow.com/resources.html

[DuncanWaring]

Look in the Yellow Pages under “Coin Dealers”.

Ask for “junk silver” (worn silver coins with no numismatic value).

[freespirited]

Thanks. Will check this out.

[Red in Blue PA]

Yeah, that’s the same thing/sarc

[Noumenon]

Correct. The history of the last century is sufficient proof of what you're saying. Why people refuse to acknowledge that which is right before them - well, there's this:

The power-lusters of the death factories did not pursue their quest with impunity. The opponents of man’s rights, trampling on the rights of others, were underscoring their own rightlessness. The crusaders against the individual, crushing the “self respect and self love” of their enemies, were losing their own in the process. The authors and rulers of a brain-wrecking dimension, learning to accept and adapt to it, were making themselves brainless. No one, neither prisoners nor guards, could stand it or fully believe it.

The prisoners could not believe in a world in which the whim of the SS set all the terms of human existence, replacing reality as the basic absolute frame of reference. They could not believe in a world which seemed, in Hannah Arendt’s words, “to give permanence to the process of dying itself,” as if “some evil spirit gone mad were amusing himself by stopping them for a while between life and death…” They had to struggle to take in the kind of events they witnessed or heard about, such as major surgery performed on prisoners by trained doctors “without the slightest reason,” a survivor writes, and without anesthesia; or as another reports, an inmate being thrown for punishment into “a large kettle of boiling water, intended fro preparing coffee for the camp. The victim was scalded to death, but the coffee was prepared from the water all the same”; or youngsters being picked out at random, “seized by the feet and dashed against tree trunks”; or flames “leaping up from a ditch, gigantic flames. The Nazis were burning something. A lorry drew up at the pit and delivered its load – little children. Babies! Yes, I saw it – saw it with my own eyes… Was I awake? I could not believe it."
“...it seemed to me, I’m in another world… It was so unbelievable, that many prisoners had hallucinations… (Auschwitz survivor). “I lived as in a dream, waiting for someone to awaken me. This can’t be true; such things just don’t happen…”

By the nature of what went on behind the barbed wire fences, the concentration camps to most inmates represented, in essence, a universe which violates the basic law of existence, the Law of Identity.

Most prisoners could have coped with privation or with pain, or even (up to a point) with purposeful torture in a knowable world. They were helpless to deal with metaphysical disorientation. They could not cope with the eerie feeling that the solid objects and the facts of the past have vanished; that he universe itself, the realm and sum of that which is, has gone crazy. The concomitant of such a feeling is a state of paralysis.

Some prisoners were able to hold on to their knowledge of reality even during the camp experience. They were able to defeat the eerie “other world” around them by clinging to some kind of consistent convictions of their own, on the implicit premise that, the camps to the contrary notwithstanding, things are what they are. Many prisoners, however, had no lead to explain any part of what they saw, and they succumbed to the metaphysical pressure.

The most widely known of the latter cases are the columns of prisoners who marched to certain death with no attempt to put up a fight, despite the fact that they vastly outnumbered the guards. This phenomenon, often taken as a sign of cowardice, has nothing to do with the concepts of courage or cowardice, which are inapplicable in this context. These prisoners did know the fate in store for them – they had heard about it from others, or they saw the smoke coming from the crematoria, or they smelled the burning flesh – but most of them could not believe or deal with a universe where such a fate, on such a scale and without any reason, was possible. The result was inertia, vagueness, mental drifting, and obedience. Some undoubtedly were not disoriented, but chose passivity deliberately, as a form of suicide.

What disarmed the death-marchers was the converse of the Big Lie: the Incredible Truth, which cannot be accepted and which acts to annul the victim’s grasp of reality as such.
Leonard Peikoff, The Ominous Parallels, 1982

[Stand Watch Listen]

bookmark

[Kartographer]

Thanks for the kind words. Mostly the manual is based on the LDS Preparedness Manual. I merely reedited, added to it and rearranged it in order of the ‘Rule of 3’:

3 minutes without air
3 hours without shelter
3 days without water
3 weeks without food
3 months without hope

Though I have made it more non-Mormon specific with an intended that it be read by members of all Christian faiths, I have left Mormon references within articles. I have exchanged e-mail with Brother Christopher M. Parrett the LDS member who gathered and compiled the LDS Preparedness Manual and he was most impressed with my edition. Brother Parrett laid the ground work and for that I thank him.

[blam]

Global Macro's Raoul Pal: Here's Why A Crash Is Coming In Two Days-To-Two Weeks

[litehaus]

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

Yepper, but the vix (VXX) has been fun lately

[hiredhand]

Triablism is often a good thing. 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. It's going to be the ultimate in micro Us-and-Them mentality. There will be masses of tribal cells, the size of which will be determined by the ability of its members to move about...which could be fairly small if fuel becomes a scarce commodity.

The liberal-left-progressives have no idea the extent of weaponry in private hands... nor the effort in coordination and the level of stick-together. They know something is liable to happen, and they buy very nice gear from big name outdoor suppliers, and have the attitude of a bunch a teen agers preparing to go on a camping trip. But then the same dumb-asses buy extra food so they can share or barter with the wandering hoards. Lets see how the sharing and bartering works out when the wanderers are armed, because for the most part the left doesn't believe in arms.

[stephenjohnbanker]

” the question in my mind is whether the voting electorate will do that.

Mark Twain : “ The public is a jackass “