VRA ALERT: Crash-Bear Market: Stage One Underway
/Jan 06, 2016 (7:30 AM)
MUST READ ALERT: STAY FROSTY!
Good Wednesday morning all. The world is in turmoil this morning...yes, again...for another morning. I don't like this anymore than you do, but if the world is going to falter and falter hard, we owe it to ourselves, our families, and friends and our businesses, to make sure we survive...and yes, thrive.
Everything I have been saying is happening...right now.
This is Stage One of the 2016 Crash.
-Crash Alert...we could see a global stock mkt crash at any point (losses of several thousand Dow points, much worse elsewhere).
- US Dow futures are down another 2%, or 300 Dow points, with a full 60 minutes to go before the open.
-Oil crashing to fresh lows...down another 3-4% this morning...under $35
- End of Debt Super Cycle...it's building and will rear its head for all to see soon. Contagion will be fast.
-WW3...Middle East on fire, N Korea's first use of atomic bomb, Global Terror (CIA invented or not).
-Global Depression...folks, you have no idea how wrong I want to be. I absolutely depress myself sometimes...in case you are wondering. But I must continue to follow my research...wherever it takes me.
-That "feeling" I told you about a few days ago? Like 9/11/01, I don't get the sense the "event" has happened yet.
This morning, I saw a fairly respected market "guru" in both TV and print, and his advice to investors was to "be calm...all is fine". Quite possibly the worst advice you will ever hear about this market...this economy...this world.
Here's my reply to him...which I just heard back from (both are included below)
My Email to Guru:
"Anyone that reads the headlines to find out why the mkt is moving in one direction or the other, might want to reexamine their inv strategy. Remember the whole "market anticipates 6 months out" thing? Also, remember this; the S&P 500 drops 36% in the average recession. Anyone think this one is going to be average? Crash Alert out for 3 weeks on my end...how you can tell people to be calm and that all will be fine, is just startling"
Guru's Reply:
"You and I may know this, but not all investors can handle this kind of environment".
Folks...I have no idea how to reply this this, except what I just sent back: 'This must be the ultimate in condescension and lack of any real respect for your audience. You are a charlatan and you hurt people. Quit your job....today."
VRA SYSTEM/MARKET UPDATE
Yes, we are positioned perfectly...but we also don't want to be left holding the bag when we are 1300% short in the overall market (combined % from our HEAVY positions in leveraged ETF's).
Also, make sure you continue to buy gold! Up another $10/oz now but will soon EXPLODE higher. Yes, $10,000/oz plus is still my target. Yes, I love the miners too (VRA Core rec's NUGT and VGZ)....just remember that they are still traded as "stocks" and will be volatile (and great investments).
Quickly, here are the levels to watch; VRA System sees minor support at Dow 16,675 with MAJOR support in the Dow 15,700 region. Based on futures, we may open fairly close to the first support level of 16,675.
IMPORTANTLY, the VRA System is still not close to being even 90% oversold. At just 79% overall, we could fall for another 2-3 days before a bottom is in place. HOWEVER, if we drop another 400-500 points real quick, we could get to 88% or so by tomorrow (maybe).
Finally, if you're getting your advice from anyone that has not lived though at least 1-2 REAL bear markets, then you likely know why they are complacent today. They don't have true perspective as to how bad this will get. After 1987 Black Monday, 2000 Dot-com top/bomb, followed by 9/11/01 and then 2008-2009 Fin. Crisis, I can say in total candor that I am prepared. Which means, if you've been following the VRA's advice, you are as well. And your roughly 2000% in "net gains" (yes, net of losses) of the last two years is about to move even more sharply higher.
Stay Frosty...I doubt we will take profits today....the crash is just now kicking in. But please...stay near your VRA Updates (delivered by email, of course).
Kip