Friday, July 26, 2013
Denninger: This stock, along with the market as a whole, is setting up for a 90% crash.
Read it here.
Consider how many ways, how severely, and how immediately a 90% Dow crash would impact your life.
Can you get by for the first 72 hours, which will be relatively calm?
Can you get out of Dodge or defend you and yours when the hordes begin marching outward from the cities looking to rape, pillage, plunder and eat? That'll begin not long after the 72 hour mark.
Are you ready, right now, for the weeks, months and probably years of ugliness that will follow such a "correction"?
Free Enterprise is much like Mother Nature - it has the ability to correct an imbalance, and when it does so, it is violent and merciless.
Posted by K at 8:58 AM