Your last chance before all hell breaks loose!

Martin here with an urgent Sunday update before all hell breaks loose tomorrow.

Washington is in disarray, its grandiose plans scrambled by events, its new legislation virtually dead on arrival.

The economy is falling off the steepest cliff of the past century, gutting asset values, toppling the dominoes we’ve been warning you about for so many months — and rendering all government attempts at rescue sorrowfully impotent.

The stock market is in a free fall, no bottom in sight, with no force on Earth that could stop it from nose-diving to our medium-term target of 5000 on the Dow.

And yet, despite all this, it seems you missed our emergency briefing in which we carefully explain how to stop the bloodletting immediately — and start profiting immediately — in precisely THIS situation.

I think that’s unfortunate — especially with everything that’s happened just in the last few days. But you still have a few hours before the 1-hour video recording goes offline at midnight tonight. Just turn up your computer speakers and click here.

Plus,

If You’re Thinking It’s “Too Late”
To Do Anything About Your
Portfolio Now, Think Again.

Yes, just as we warned, the Dow has fallen dramatically. Yes, it has plunged through the lows of last November and of 2003. And yes, the S&P, the Nasdaq and virtually every market on the planet has marched to the same woebegone drumbeat.

But these lower prices, in themselves, do not spell the end of the decline. They merely confirm an acceleration in the tempo.

The verdict is in: Technicals show no support at these levels. Past economic cycles show no reason to believe this plunge in stocks will slow anytime soon. Studies of the economy’s downward momentum show that things are likely to get much worse. Fundamental analysis of massive earnings declines and rising losses at U.S. corporations ALSO points to much lower lows ahead.

There’s no hope from overseas. Asian and European stock markets are in as bad or worse straits than ours is.

News of GM’s “accounting discrepancies” and likely failure … JPMorgan’s imminent demise … B of A and Citibank likely to drop major bombshells at virtually any minute … all hanging over the market like the sword of Damocles.

Hope of the new administration being able to reverse the crisis is being erased from even the minds of the most oblivious Pollyannas, day by day, hour by hour.

And of course, the reality is that stocks are plunging — and inverse ETFs on the major indexes are jumping by up to 8% or more in a single trading session.

All of these facts and many more are virtually shouting that this bear market will not only grow more severe in the days and weeks ahead — it will be with us for many months and probably, many years to come.

More importantly, they underscore how investors who stubbornly continue to follow rules that work in bull markets will get wiped out in this environment, while contrarian investors who use the laws that govern profitable investment in BEAR markets have the opportunity to build substantial wealth.

Short-term technical rallies? Sure. But to all those looking for a bottom in this market, my message is unambiguous:

BEWARE! Buying stocks now (or waiting to sell them) will merely entrap you into far deeper losses. Do not wait one day longer! GET TO SAFETY NOW!

Then, once you’ve escaped this towering inferno, do not look back at the profits you could have made or the capital you could have salvaged. That’s a closed chapter in history now — a bygone era that we can tell our grandchildren or their children about some other day.

Instead, look straight ahead and focus on the great silver linings of this disaster:

• The surging value of your cash: Almost everything in America is on sale. Your money could already buy much more real estate and other things than it could have a year ago. And you haven’t even begun to see the real bargains.

• The potential to use this decline itself as an intense profit opportunity, recoup any losses you may have suffered, and even boost your portfolio value to new highs.

• Plus, the great opportunity to snap up some of the greatest prices of the century AFTER the market finally does hit rock bottom.

This is not rocket science. All it takes is clarity of vision.

Begin by focusing your eyes on this simple chart of the Dow since 1990.

With clarity of vision — and no broker or sales person to shade the truth — you can clearly see that it’s in a free fall; that there’s no chart support, no big up-and-down gyration in the past that tested these unchartered waters, no firm foundation for a bottom.

With clarity of vision — and no rose-colored glasses to cloud the image — you can also see what’s happening all around you: The tidal wave of layoffs, the chain reaction of bankruptcies, and, most telling of all, the glaring symptoms of Washington’s impotence in a collapsing economy.

See? Today, the grand plan in Washington is to fight the debt crisis with more debt; cure America’s overspending with more spending; save our thriftless society with even less thrift.

And that grand plan itself is now sending shock waves of panic into the hearts and minds of Wall Street.

At some point in the not-too-distant future, the dire reality — that there’s NO MONEY — will force Washington to replace this plan with a new one: They will learn, the hard way, that the only way to combat the debt crisis is to slay the debt monster that created it; the only way to cure overspending is with austerity; the only way to save our future is with savings.

And alas, that new plan will also send shock waves of panic through Wall Street.

But it will also mark the climax of the decline, the final capitulation after which a true bottom will finally be reached.

Until then, there can be no bottom, no recovery, and no basis for thinking it’s “too late” to get to safety, profit from this decline or do the right thing for yourself and your family.

Watch our video.

It’s your last chance to do so!

Good luck and God bless!

Martin

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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Tony Sagami, Nilus Mattive, Sean Brodrick, Larry Edelson, Michael Larson and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.

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