Richard Russell has made a name for himself as some kind of psychic for investors looking to stay a step ahead of the stock market. In his latest Dow Theory Letter prediction Tuesday, Russell forecasts a disastrous stock market crash that will render The United States unrecognizable by the end of 2010. Others also forecasting a crash are other pundits who try to divine future events by studying and comparing stock market trends.</p>

<p>Article Source: <a title="Richard Russell To Investors - Get Liquid Before The Crash" href="http://personalmoneystore.com/moneyblog/2010/05/18/richard-russell/">Richard Russell to investors: get liquid before the crash</a></p>

<p><strong>The Dow Theory Letters of Richard Russell</strong></p>

<p>Simply because of his comments, observations and stock market philosophy, Richard Russell's Dow Theory Letters have gained a huge following in financial circles. Russell covers the U.S. stock market, foreign markets, bonds, precious metals, commodities, politics and economics. According to Business Insider, Russell, within the latest Dow Theory, is instructing investors to escape the stock market altogether, keep away from cash til payday loan, eliminate debt and covert all wealth into liquid assets:</p>

<blockquote>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 do not 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.</blockquote>

<p><strong>Global Macro Investor agrees</strong></p>

<p>Richard Russell shares a kindred spirit with Raoul Pal – although Pal believes the stock market catastrophe will occur in matters of days, or weeks, rather than months. Pal is a former Goldman Sachs executive who authors the Global Macro Investor, an independent research publication. Pal claims to have been examining a classic pattern within the stock market that has resulted in historical financial disasters -- a spiky turn down followed by a failed rally followed by a collapse.</p>

<p><strong>A check out the Dow Theory forecasts</strong></p>

<p>Despite improving business news, Richard Russell's Dow Theory forecasts call attention to a deterioration in the stock market since April. Shoring up the Global Macro Investor prediction, Russell presents a narrative that discloses recent April highs in the Dow and S and P Averages, followed by a sharp drop in both Averages to May 7 lows, followed by a short rally. If the two Averages turn down again to fall below their May 7 lows, the Dow Theory forecast is that a market collapse is inevitable, based on historic data.</p>

<p><strong>The stock market crash - is it unavoidable?</strong></p>

<p>The Dow Jones Industrial Average fell 6.9 percent during the four days that ended May 7, sinking to 10,380.43, the lowest level given that Feb. 26. The San Francisco Chronicle reports the transportation gauge closed at 4,298.12, down 11 percent in four days. Downgrades of Greece, Spain and Portugal helped trigger the decline as the prospect of a sovereign default in Europe undermined investor confidence.</p>

<p><strong>Market listens when Russell speaks</strong></p>

<p>The Dow Theory Letter from Richard Russell is taken quite seriously by investors. A lot more than likely his predictions of a stock market crash will persuade a stock market sell-off and a run on cash and gold. Claiming to are the first to recommend gold stocks in 1960 is Mr. Russell. Russell claims to have forecasted it all - the 1949-66 bull market, the foot of the great 1972-74 bear market and the start of the great bull market that began in December 1974. In 1958, Russell started publishing Dow Theory Letters. Dow Theory Letters in not just the longest-running investor newsletter, but it is also the longest investor newsletter that has been written by a single person in the financial industry.</p>