Richard Russell 01 (May 08 - Dec 14)

[winston]

The great Richard Russell: A "secret" bear market has begun

Is it a bear market or isn't it? With the stock market apparently stuck in a narrow trading range, many investors are confused as to the trend. A better question is – "Is there a trend?"

My answer is, "Yes, there is a trend. And the main or primary trend of the market is bearish. We're now in the very early stages of a bear market."

Why do I say that? The Dow rallied to a high of 13,279.32 on May 1. That rally took the Dow above all preceding peaks...

At the same time, the Transports failed to confirm by halting their climb below the preceding February and April peaks.

Following this non-confirmation, the two Averages turned down and broke below their April lows. This completed a textbook Dow Theory bear market signal.

Incredibly, the bear market signal that occurred was almost unrecognized by the investment community. The fact that we are now in a primary bear market is literally a "secret." No analyst that I know or read about refers to "the current bear market."

Why has the bear market remained so secret? I think the reason is that Wall Street is so obsessed with the Fed's stimulants or possible forthcoming Fed stimulants, that the possibility of a bear market is not on their horizon...

Source: Dow Theory Letters

http://ww2.dowtheoryletters.com/

[winston]

Keep an eye on May stock market peaks, says Richard Russell By Prieur du Plessis

Richard Russell, 88-year-old writer of the Dow Theory Letters, called a bear market for U.S. stocks a few months ago.

An update on his latest thinking is reported below.

Question: Richard, everybody has emotions. So where are your emotions regarding this market? From an emotional standpoint, be honest, are you really bullish or bearish?

Answer: If the Averages confirm that this is truly a bear market, I’ll have mixed emotions. On the one hand I will have been proven right on my bear market call, and that will be a boost to my ego. But I can’t say I’d be happy we’re in a primary bear market.

But if the Averages close above their May peaks, and all my charts point to a bull market, I’ll have been proven wrong on my bear market call, and that will be a bruise to my ego.

Nevertheless, I’d much rather be living through a bull market than a bear market – a bull market would be far better for me and my kids and for my business.

So call it strange, but from an emotional standpoint I’d prefer to have been wrong on my bear market call, and I’d prefer that we’re in a re-confirmed bull market.

Therefore, instead of confusing my subscribers with a lot of ego-boosting baloney, I’m just going to call this market the way I see it, being as honest and unemotional as I can possibly be.

If we are truly in a primary bear market, I have an intuition that it could turn out to be the worst bear market in history – and that’s another reason why I secretly hope I have been wrong on my bear market call.

Another intuition – we will know the final answer as to whether we’re in a bull or bear market by October.


http://www.investmentpostcards.com/2012 ... pe+Town%29

[winston]

Richard Russell - Big News For Silver & Frankenstorm In Stocks

Today the Godfather of newsletter writers, Richard Russell, writes about a Frankenstorm in stocks, and the action in gold, but Russell also takes a hard look at what is happening with silver, “... look at the silver stocks now. Something BIG could be brewing.”

http://kingworldnews.com/kingworldnews/ ... tocks.html

[winston]

Unbeatable Investment Advice from the Great Richard Russell By Steve Christ

There's no substitute for acting. In the business of investing or the business of life, thinking is not going to do it for you. Thinking is just rehearsing. You must learn to act.

"The wealthy investor doesn't need the markets, because he already has all the income he needs. He has money coming in via bonds, T-bills, money-market funds, stocks, and real estate. In other words, the wealthy investor never feels pressured to "make money' in the market.

"The wealthy investor tends to be an expert on values. When bonds are cheap and bond yields are irresistibly high, he buys bonds. When stocks are on the bargain table and stock yields are attractive, he buys stocks.

When real estate is a great value, he buys real estate. When great art or fine jewelry or gold is on the "giveaway' table, he buys art or diamonds or gold. In other words, the wealthy investor puts his money where the great values are.

And if no outstanding values are available, the wealthy investors waits."

http://moneymorning.com/2013/04/18/unbe ... d-russell/

[winston]

Richard Russell - The Stock Market Is On The Edge Of A Crash

http://kingworldnews.com/kingworldnews/ ... Crash.html