Richard RUSSELL ON GOLD & THE DOW
August 13, 2008 — We’ve recently seen the greatest expansion of credit in history. It was a product of Asian and Mid-Eastern countries holding down the value of their currency by creating more of their own money and buying dollars. The Fed got into the act in 2003 when it held down Fed Funds to […]
Richard Russell On The Market
August 11, 2008 – “A rough measure of broad money in the world’s 20 largest economies is growing at near 20%, year-over-year, in dollar terms” (from Grant’s Intereazst Rate Observer,August 8).
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It’s OK to be confused. It happens to me all the time. I receive about 20 advisory reports ever week, and in my 50 […]
Richard Russell: July 11 Commentary
As comedian Uncle Miltie Berle used to put it — “What the hey!” I’m including a few rather startling P&F charts on today’s site. The first is S&P’s Energy chart. XLE has turned bearish, and as of yesterday XLE has dropped down to exactly its rising trendline. We’ll have to keep a sharp eye on […]
Richard Russell Watch:Housing & Financials
June 17, 2008 – June 17 (Bloomberg) — The U.S. economy may be suffering from its first bout of stagflation since the start of this decade, reports on housing prices and manufacturing indicated. Builders broke ground on 975,000 homes at an annual pace in May, the least in 17 years, and construction permits fell, the […]
Russell On The Evolving Bear Market
March 10, 2008 — March 7 (Bloomberg) — The Federal Reserve moved to add as much as $200 billion to the banking system over the next month to offset a deepening credit crisis that may have already pushed the U.S. economy into a recession.
The central bank raised to $50 billion each from $30 billion the […]
Richard Russell speaks of the market
Drizzt:
Perhaps all that i have been reading are negative economist and bearish bloggers. Yet this post by Richard Russell is anything but bullish. However, I would not term it as bearish. You have to respect the man that managed to call one major top and one major bottom.
Why do i respect him? You ought to […]
Richard Russell’s Wisdom: Rich Man Poor Man
Richard Russell has been writing and publishing the Dow Theory Letters since 1958, and never has he missed an issue! It is the longest newsletter service continuously published by one person in the investment business. Richard is now 80 years old, and writes an extremely popular daily e-letter, full of commentary on the markets and […]
