Time to Be Afraid

[JoyAnna]

For those who may not watch George Ure's site regularly, today's post is interesting as a heads up to avoid being shocked by the near tern possibilities. I don't have any money to invest either, but I want to avoid being too surprised as thing unfold ahead of me. Helps me prepare myself as much as possible to ride out whatever my come my way.

Time to Be Afraid

UrbanSurvival is not a site about fear-mongering - it's a site about trying to use the lessons of the last Depression (contrasted with the emerging one we're now in) to steer a smarter course through the present financial **** storm. The site doesn't offer investment advice, but I do my best to provide a better-than-average outlook on the general economic condition. That's something that I'm pleased to report has been accomplished; we've gotten thing much more 'right' than conventional financial media.

To get to the point this morning: I had a call on Thursday afternoon from a very, very worried Robin Landry, who was returning my call from earlier.

"George, you were asking about the short-term outlook? It's bad...really bad. Things that should not be happening in the market have been happening the past couple of sessions.

For instance, the Dow has been coming down, but at the same time, treasuries have been dropping, too, gold has been going up, and oil has been climbing.

So there's a possibility...and it's only a possibility that the market could go straight down from here..."

This was particularly worrisome to me, because as you know from reading this column, since last December I have been expecting a major spring rally which according to the HalfPastHuman.com linguistics work would end around May 14 (+/- a week) and that gold would soar (doubling three times is in there) along with silver and that the full-on derivatives meltdown would start around July 15th and would be emergent into a state of 'undeniability' around August 16th.

Landry's wave counts had - up until the Thursday afternoon call - offered me some hope that the predictive linguistics work would be wrong and that we'd somehow muddle through the present delevering of financial markets.

Now, Landry's worried that based on his market modeling that he's been using for nearly 30 years - and which has been good enough that as a one-man money manager he's driving 9-digits around the markets from his office up in Shawnee, Oklahoma - because of the way various wave counts are stacking up along with technical indicators.

Read the whole report at:
http://urbansurvival.com/week.htm