It’’s time to get out of the market.

We have always had faith that the stock market comes back after a downturn.  The basis of this notion is rooted in chart analysis.  If you view the chart above, you will see the upward trendline begining in 1995, staying on a 45 degree  plane for 13 years.  This means that there is a relative floor in the market, or safety net built in to gauge potential losses on a market downturn.

Chart analysis dictates that when a trendline is broken, there is no discernable floor in the market.  In other words,  the stock market will most assuredly go down, and could drop as much as 80% from peak to trough.  Preservation of your retirement capital must be your primary objective, and the odds of the stock market dropping precipitously now that the upward trendline is broken are great.  Please consider liquidating your holdings in the market now, or sell into a rally (which could be as high as 1000 points), because the overall downtrend is now firmly in place.

In my book, “If Everyone were rich, who would make me dinner?”, I predict that our baby boomer 401(K) and pension funds will not be in the stock market by the time we start to draw on our funds due to the wall street wealthy short selling the market down to extremely low levels.  In other words, the wall street wealthy elite will essentially take our 401(K) and pension funds through the trading practice known as short selling.

Well, guess what?  The first baby boomer social security checks went out in November 2007.  It didn”t take long for wall street to jump on our equities and begin stealing the equity from our 401(K) accounts.  If you notice on the chart above, coincidently, the dow jones industrial average hit it’’s all-time high in October 2007 and is down 40% from this level.  Expect this downturn to get really bad, really fast.

The wall street wealthy elite will not allow the baby boomers to retire.  Please preserve your retirment now.

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