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Daily Archives: May 19, 2010

Dow Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The End Of The Year R

WHOA! Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in todays note: Do your friends a favor. Tell them to "batten down the hatches" because theres a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to…

U.S. stock markets will shed gains swiftly: Prechter

(Reuters) – Another deflationary wave of global credit strains, heralded by the Greek debt crisis, will broadly punish riskier assets, technical analyst Robert Prechter said on Friday. U.S. stock markets will erase their past six months of gains "in a matter of weeks," said Prechter, president of research company Elliott Wave International, in Gainesville, Georgia…

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