The Stock Market Is on the Edge of a Crash –

The Stock Market Is on the Edge of a Crash –

With continued chaos around the world and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, has issued a a major warning that the stock market is now on the “edge of a crash.”

Russell: “As I write, fiat currencies around the world are sinking.  Normally when this happens, gold will surge.  But rising gold would be a red flag waving in the Fed’s face, and there’s no doubt in my mind that the Fed has been manipulating gold and preventing its rise.

I’ve been thinking about bull and bear markets.  Bull markets are man-made, they are a product of man’s desire for more and more, a product of man’s insatiable greed.  During a bull market investors disregard their need for God.  After all, they are loaded with money, money made on their own, without the help of God.  During bull markets, God is put aside and forgotten.

I believe bear markets are made by God.  Bear markets remind men that their greed and crime must be atoned for.  In bear markets investors become frightened and once again they seek the help and comfort of God.  In bear markets the crime and greed of the previous bull market comes to light.  Bear markets are God’s way of cleansing humanity.  In bear markets the dirty water streams out from under the closet.  In bear markets men turn to God again for peace and help and comfort.

I’d be lying if I said that I wasn’t worried about the way things are going.  Frankly, I’m truly scared for myself, my family and the nation.  I have the sinking feeling that the stock market is on the edge of a crash.  If that happens, investor sentiment will turn quickly bearish.  And the bear market will start feeding on itself.  Ironically, the recent action occurred in the face of almost insane bullishness on the part of the crowd and on the part of investors.

Obviously smart heads and institutional money managers know that the US is semi dead in the water.  And all the talk about an improving economy is just wishes and hopes.  Bernanke’s dream of a flourishing new economy, improving without the need of the Fed’s help, is an idle dream.

I’ve been writing about the stock market for over 60 years and I can’t remember a time when I was so filled with foreboding regarding what lies ahead.  The primary trend of the market, like the tide of the ocean, is irresistible, and waits for no man.  What scares me the most in this current situation is that I see no clear island of safety.

In previous bear markets, such as 1973-74, I moved myself and my subscribers into cash, and all seemed well.  In this bear market, I’m puzzled as to where safety lies.  I have picked gold and silver … Time to repeat the Lord’s prayer with conviction.  It’s no fun writing an advisory report at this juncture.

Question — will Janet Yellen pursue the same course that Ben Bernanke has chosen?  Or will she finally take the Fed’s heavy hand off gold?  My guess is that she will follow in Bernanke’s path and manipulate gold while continuing to print Federal Reserve notes by the trillions.

One amazing thing about a primary bear market is that it tends to expose all cheating and lying and criminal activity.  As Warren Buffet put it, when the tide runs out at the nudist camp, the bathers can finally tell the men from the women.

Read the rest of the article

Read article here:  

The Stock Market Is on the Edge of a Crash –

See which stocks are being affected by Social Media

Share this post