Plunging Property and stock markets

Get-real-buy-real

With plunging stock markets and continued turmoil globally, the Godfather of newsletter writers, Richard Russell, is warning his subscribers in his latest commentary, “Stock market is just beginning to hint of the hard times that I see ahead. The almost insane world of debt is rolling close to the cliff and I see increasingly hard times ahead. Crumbling debt will act like a cement roller, crushing everything in its path. The occasional rebound or bounces on the lows will be sudden and short lived.”

“As of now, both the Dow and the S&P are down for the year. I call this Stage One. Stage Two will occur when the Dow sinks into the 10,000 (level). Stage Two Point Five will occur if the Dow starts trading below 10,000. I think if the Dow trades under 10,000, consumer sentiment will change from hope to fear and anxiety.

The big, smart money is choosing diversity. Their problem, diversify into what? The answer may be to diversify into something that is life sustaining...Sustaining may be a matter of food, water, and shelter.

I know much of the above sounds outrageous, but in 1980 the Dow at 10,000 sounded outrageous. We're moving into a world that today's generations will be dealing with matters that they've never had to deal with before.

Continue to accumulate gold and 10 ounce silver bars. I'm sorry for young people now, their biggest move has been to move back in to their parents homes, back into the nest is the fated move today. As far as the economy is concerned, the phrase is ‘Don't be a pest, go back into the nest.’

This is what occurred during the 1930s, and it's in full bloom today. My best advice if your kid moved back in with you, make them pay some rent. They must realize that there is no free lunch, and there are no free living quarters. Next week I will go into detail as to why a giant storm is brewing.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/26_Richard_Russell__Crumbling_Debt_to_Crush_Everything_in_its_Path.html

Cleaver

To subscribe to Richard Russell’s Dow Theory Letters CLICK HERE.

https://ww2.dowtheoryletters.com/ServicesOnline.nsf/Subscription+Form?OpenForm

To read this man's drivel on a regular basis costs $300 a year. Is there seriously people out there who would pay to read this inane warbling? I guess there must be, otherwise it wouldn't exist.

It makes you wonder whether a few of us could put together a website like that kingsworldnews. I'm serious. Maybe charge a couple of hundred dollars a year and basically ramp gold and silver, talk about fiat currencies, yada, yada, yada. We've all read the same thing over and over and over again on here, so I reckon we could write it in our sleep. Maybe three of us and each writes an article once every three days. Anyone up for it?

Flight2quality

Get-real-buy-real wrote: »

Continue to accumulate gold and 10 ounce silver bars. I'm sorry for young people now, their biggest move has been to move back in to their parents homes, back into the nest is the fated move today. As far as the economy is concerned, the phrase is ‘Don't be a pest, go back into the nest.’

This is what occurred during the 1930s, and it's in full bloom today. My best advice if your kid moved back in with you, make them pay some rent. They must realize that there is no free lunch, and there are no free living quarters. Next week I will go into detail as to why a giant storm is brewing.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/26_Richard_Russell__Crumbling_Debt_to_Crush_Everything_in_its_Path.html

This is happening now as more people are moving back in with parents. Also more people are sharing and less empty rooms or big houses with few people.

I can see the situation in London with upto 16 low income workers living in one room spreading around the country.

Property and stock markets plunging are really only hurting the rich, the great equilising is a good thing.

When the housing benefit cuts come in people will be forced to move from high cost areas to low cost areas. Reducing rents in high cost places and bring them up a little in low cost areas.

The GFC is going to be good for the lower class, but the middle and upper class are going to get wiped out.

Cleaver

Get-real-buy-real wrote: »

Maybe you could make your own website but the trick is you have to right with your predictions.

What would you website say Cleaver? Gold and silver bull markets are over they are now in bear markets?

Shall I have a go off the top of my head?

Why the printing press still isn't the answer

With stocks, bonds and property around the world still pluging and diving recently it seems likely that the bull market we predicted months ago is set to continue. Governments around the world are slowly running out of ideas and yet again the idea of the printing press (the authorities prefer the term 'quantative easing') has reared its head.

We all remember 2008 when stocks dived that gold and silver also took a beating. This time around with funny money being pumped in to the market it's clear that gold and silver are still undervalued and set to continue their amazing bull run.

We spoke to Marshall Sproggatt, long time silver-investor and CEO of silvertalk.com, the internet's longest running silver loving website. "I think it's abundantly clear that this is the one area it's safe to invest in at the present time. We are witnessing a sea-change in terms of government policy and we are finally seeing the differential we all thought we'd see in 2008."

Sproggatt is also advising people to continue buying metals, especially silver. "Silver is still undervalued. This is clear." We feel that with his track record Sproggatt needs to be listened to, and that silver is a value play in the current market.

To read more subscribe to Cleaver's newsletter for just $200 a year. Includes free silver storage guide.

worldtraveller

I don't get it! The Dow was down below 10,000 back in June last year. It was still 50% higher then, than it was back in March 2009. Why is the "world going to end" if it falls south around another 10% on todays level? IMHO it's another good buying opportunity in equities.

chucknorris

worldtraveller wrote: »

I don't get it! The Dow was down below 10,000 back in June last year. It was still 50% higher then, than it was back in March 2009. Why is the "world going to end" if it falls south around another 10% on todays level? IMHO it's another good buying opportunity in equities.

As my fixed rate savings bonds have been maturing (my cash is scattered all over the place since banks looked vunerable a few years ago) I have been putting it into instant access accounts (rather than another savings bond due to the low returns) then buying a ftse tracker with it when the ftse dips and selling up when it rises again. Not only is it giving much better retuns than savings bonds but you pay CGT rather than income tax so the first 10k is tax free (and only 28% thereafter). I accept there is the danger of course that the ftse drops much further after buying in and you are stuck having to make do with only the dividend income until it rises again. But as the rates are so poor on saving bonds I think its an acceptable risk to take on.

Cleaver

Thanks for the $200 cheque Get-Real-Buy-Real. You've been added to my mailing list and will receive this cultish sh*t everyday from now on. And remember, keep buying silver.

chucknorris

Cleaver wrote: »

Thanks for the $200 cheque Get-Real-Buy-Real. You've been added to my mailing list and will receive this cultish sh*t everyday from now on. And remember, keep buying silver.

Maybe some have discovered there is more money to be made by hyping it rather than actually investing in it.

RenovationMan

I never fail to be amazed when I see people bemoaning particular markets after a crash. Do they not realise that the best time to invest in a market is when it is low, not while it is high?

Well, seeing as a lot of these guys are PM nuts, then I guess not....

Cleaver

RenovationMan wrote: »

I never fail to be amazed when I see people bemoaning particular markets after a crash. Do they not realise that the best time to invest in a market is when it is low, not while it is high?

I think the best time to invest in an asset or market is when the fundamentals are sound, it meets your risk / reward criteria and there's the possibility of making money from it over a timeframe you're happy with. It's too hard to judge 'lows' and 'highs'.

IveSeenTheLight

didn;t he say

Their problem, diversify into what? The answer may be to diversify into something that is life sustaining...Sustaining may be a matter of food, water, and shelter.

Is silver life sustaining?