Wednesday, May 19, 2010

'Major Crash' Likely If Stocks Break May 7 Lows, Russell Says

"If the two averages violate their May 7 lows, I see a major crash as the outcome," Russell wrote. With the exception of gold companies, Russell advised readers to "get out of stocks now, and I don't give a damn whether you have paper losses or paper profits."

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.