The sage Richard Russell said recently (my emboldening): As the world deleveraging process continues, commodity prices turn soft. Deleveraging means that people will be tightening their belts and using less of everything. However, I don’t get the feeling that Americans believe that hard or harder times lie ahead. All one has to do is survey [...]
Tag archives for Richard Russell
Russell on Markets
It is nice to see that Richard Russell, famed octogenarian investment newsletter author, has apparently recovered fully from his recent setback. This quote is an example of his outlook on markets (emboldening added): Subscribers who are buying or holding stocks on the on the basis of the better employment news should remember that deteriorating internals [...]
Richard Russell
The esteemed Richard Russell describes matters as only someone with his longevity can: Nobody in America under the age of 70 has never, ever seen truly hard times. Most under 70 have never even heard stories from their parents about hard times (their parents had never experienced hard times). Ever since World War II Americans [...]
Convergence of Gold and the Dow Jones Average
Richard Russell, who just turned 87, predicted a couple of years ago that we could see a 1:1 ratio between Gold and the Stock Market. That would mean, for example, Gold goes to 5,000 and the Dow drops to 5,000 or any other combination. Mr. Russell is not alone in this belief. I am not predicting [...]
Russell Caution on Markets
We are reaching a dangerous point in markets. The Fed is coming near the end of QE2. There is little doubt in my mind that QE3 will follow, although there is no reason for the Fed to signal that. The risk comes when the Fed announces that QE2 will be the end of Quantitative Easing. [...]
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