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

[orthodoxymoron]

Just a thought...I looked at a chart...and the Nasdaq is getting close to the 200 day moving average...which is steeply descending. If the price rises above this 200 MA...it will form an extended double top pattern...at the end of an extended bear market rally. There could be a downward shove from this MA. One scenario could be a rally at the beginning of next week(after a small initial decline into the 50 MA)...followed by a plummet which tests the previous bottom...especially if it is precipitated by a major negative news event. BankUnited failed yesterday in Florida...and this was a major closely watched event. Could this be a tipping point? Will we see more failures in the coming weeks?

I just made this BS up. I'm broke and don't really know what I'm talking about...so do your own research. Listen to people like Jim Rogers. George Soros has been known to be right. He was right about the October plummet. Insider information can make a man look like a genius. I think that the stock market is incredibly corrupt...and we might be better off without it. I think that puts me on the lunatic fringe. Be afraid. Be very afraid.

[Jnana]

How exactly does being afraid help?

[alyscat]

being afraid doesn't, being prepared does. However, now is the time to be AWARE, and thus prepared.

[Christo888]

Be afraid of What???

I don't understand the reasoning of projecting to be afraid... why not be empowered to rise to the opportunity of whatever change comes forth (especially within the unknown) and be in the ready mode for guiding in that which can replace the deceptive systems.

Focus on magnifying that which builds and supports congruence for the highest and best benefit of all... in whatever form and circumstance that may be!

It is possible to participate in a smooth transition from the old to the new. Just grab a new vine before you let go of the old vine.

[JoyAnna]

I honor your question, Jnana. I wish I had changed the title of the thread, as I considered doing. Of course being afraid will be no help at all, however I do believe that being aware of what is happening around us even if we are not in any position to do much about these events can still be most useful. I have no money to play in the stock markets or anything like that, but I still want to stay aware of what is happening "out there" so that I will not have to experience as much "shock and awe" as events unfold. I will simply continue to live my own little life as simply as I can according to the most love I can muster and according to the vision of the world I long to see up ahead. I continue to build and plant my gardens and clear the space to plant the fruit trees I bought this week. That's part of my commitment to remain positive and spread loving energies to help take care of the world, in both the macro and the micro. I see no other way to be.

[Anchor]

If you want to edit the title, the moderators can do it.

[Jnana]

Thanks for the thoughtful response JoyAnna. I read Urban Survival and follow the markets as part of managing family finances. Naturally, being afraid puts you in exactly the wrong frame of mind for making intelligent decisions about what to do with savings and investments, hence my question. People who really know what they are doing (not me) can make money whether the market is rising or falling provided that they anticipate the change correctly. In any case, keeping a cool head is the way to go.

[orthodoxymoron]

When in danger...when in doubt...run in circles...scream and shout.

Then take a nice break...and pull your hair out.

It works for me...but my truth is my truth...and your truth is your truth.

[futureyes]

Originally Posted by Christo888

Be afraid of What???

I don't understand the reasoning of projecting to be afraid... why not be empowered to rise to the opportunity of whatever change comes forth (especially within the unknown) and be in the ready mode for guiding in that which can replace the deceptive systems.

Focus on magnifying that which builds and supports congruence for the highest and best benefit of all... in whatever form and circumstance that may be!

It is possible to participate in a smooth transition from the old to the new. Just grab a new vine before you let go of the old vine.

within all this instability and uncertainess ... we can remain level headed and not become unpredictable our selves ... we will absolutely sail through this transition ... knowing this too is but a stepping stone to the new ...

there will be many who will forget to grab a new vine prior to letting go of the old one ... and they will crash ... and we are already being witness to this ... they haven't allowed their selves to TRUST there's another new vine right before them ...

and of course there are others who will blindly swing ... EXPECT another to offer them a vine mid flight ... crash whilst disappointed no one had ...

nothing wrong with a bit of fear experienced ... keeps us aware what's happening in the financial jungle ... allows us to extend and reach a little farther for the new vine ...

but always knowing ... there IS one ...