Warning: Crash Dead Ahead

Sell!  Get Liquid!  Now! says Paul B. Farrell at Market Watch.

"Earlier economist Gary Shilling said price-to-earnings ratios are at a"nosebleed 22.5 level." The Dow was around 11,000. Money manager Jeremy Grantham recently said the market's overvalued 40%. That could mean a collapse to 6,600. Last week in Reuters' 'Markets Could Be Derailed Again,' George Soros echoed a "game over" warning with a 'stark warning... that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis.'

"Now Dow Theory's Richard Russell is warning the public of an imminent crash: 'Sell ... get liquid ... by the end of this year they won't recognize the country.'"

Read the full article here .

 

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