>Hasn't Dave Ramsey been recommending the same now for months?

I'm not sure, he's not on my list. ;)

I'd been 80% cash until the flash crash and hit 5 of my target buys. I've since sold into what I believe is a pump fake rally. The charts are nasty. 11200 was a technical resistance point off the March 2009 low and it failed spectacularly.

History tells us to "sell in May and go away". I've sold in May and will be looking for big bargains. ;)


>>Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
>>
>>Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
>>
>>That's pretty intense!
>>
>>http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5#ixzz0oJC6fJ6M
>>
>>Euro sub 1.23
>>Germany halting short sales until March 2011
>>Nasty looking DOW chart
>>
>>I'd say today deserves a Tick...