March 3, 2009 -- Happily and luckily, my son Ryan is very computer-savvy, and he's turned out to be a wiz on charts and chart-making. I told Ryan yesterday that he may never again be making charts like the one of my PTI below, but there it is in all its bearish fury. Needless to say, with the primary bear trend recently reconfirmed as bearish, and with my PTI plunging to new lows and with the Lowry'sstatistics worsening by the day, my bearish view of the market has been confirmed by the only item that counts -- the market itself. By the way, yesterday was a 90% down-day, and these days are usually followed by snap-back rallies lasting 2 to 7 days.




Russell's Random Comments -- First, as subscribers know by now, I believe in the truth of the markets. The markets are always telling us something. I've spent the better part of my life studying the markets and trying to understand the "language" of the markets.

The Dow's extreme high, recorded in 2007, was 14,164. As I write the Dow is below 6800. The Dow is now selling at less than one-half its peak price. This represents a horrendous loss in a period of less than two years. My interpretation of this violent action is that we are probably heading into another Depression. I don't know how far the Dow is fated to fall, but I do know this -- the stock market is still far away from the values that existed at previous major bear market lows.

Watching the stock market action, I'm getting the feeling (my instinct) that we're heading into chaotic times. We're going to see things that the most recent three generations have never seen or even imagined.

The stock market is a fair game. The Industrial and Transport Averages have been plunging to new lows simultaneously. The Averages, after two years of disharmony and non-confirmations, are now sinking together in harmony. This is authoritative action. The D-J Utility Average, which often has a long lead time, is also plunging in harmony with the other two Averages. I interpret all this action as telling us that we are headed for very hard times.

Over the last year I've been warning my subscribers that there's a "hard rain a'comin." The hard rain has now arrived, but it isn't showing up yet in the economy. It will -- I think by the end of the year.

My advice again is to get in cash and gold, and get out of debt. Don't buy anything that will cost you money to carry.

Sad to say, good jobs are now becoming scarce. The average American needs a job in order to bring in income. Daily we read about new lay-offs. Not only does this reduce the national income, it breeds deep fear.

Against all this, our new government seeks to hold the economy and the banking system together by printing and spending us out of this mess. From the beginning, I didn't think we could print ourselves out of a bear market. In its desperation, the government is building up incredible deficits and debts. Even before the current bear market began, I warned that we were compounding our enormous debts into "dollar oblivion." Now the process is being hastened. I think the markets know this. It's the reason gold is up $48.50 or 4.98% over the last year.

What should you and I do now ? My best advice -- "Prepare for the worst and hope for the best." How does one prepare for the worst? One way is NOT TO BE TAKEN BY SURPRISE. One reason this bear market has wreaked such havoc is that it arrived so quickly. Nobody was ready for it. Nobody had time to bail out, to get out of debt and jettison their stocks.

Which brings up the question, "How does one prepare for the worst?" For months I've been urging my subscribers to move to cash and gold. I don't know how many took my advice, but my guess is "not enough." Ah well, if you're young and healthy, count your blessings.

Technically, one of the most discouraging items that I see today is the succession of 90% down-days. These 90% down-days are panic "get me out of here at any cost" days. A succession of 90% down-days usually exhausts the desire to sell. But so far, that has not been the case. And that's discouraging. How much selling do we have to experience before the downside of this market (and the urge to sell) is exhausted? The sad answer is -- a lot more.




























































BMW 328i

It's hard to make a name for yourself when your big brother's always the center of attention. Just ask the 2008 BMW 328i sedan, which seems doomed to toil in relative obscurity while its steroidal 335i sibling gets all the press. That's a shame, because the 328i is an unequivocal pleasure to drive. It's also roughly $6,000 cheaper than a comparably equipped 335i.

Saab 9-3 Turbo X Sport Combi: Performance

Also common between Aero and Turbo X is the XWD all-wheel-drive system that apportions power fore and aft depending on driving conditions. In the Aero, this should appeal more to snowbelters, but in the Turbo X, XWD teams with the myriad performance improvements to create a truly compelling driving experience. You emerge from every mountain corner more impressed than when you emerged from the last, as the Saab keeps begging to go faster and faster with its wonderfully communicative steering and impressive grip. Body roll is kept in check (unlike in the Aero) thanks to the lower and firmer suspension, bigger wheels and XWD system that sends more power to the rear on such occasions.




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