Famed Dow Theorist Richard Russell Makes Bullish Call
After being bearish for much of the past four years, Dow Theory Letters publisher Richard Russell said now was a good time for investors to “take a chance” and purchase the SPDR Dow Jones Industrial Average (DIA).
Russell sees Dow Theory confirming this rally as he recently wrote:
“I really believe that subscribers should take a flyer on this market. After all, after weeks of flirting with a new high in the Industrial Average, the Dow finally confirmed the previous record high of the Transportation Average. With the Industrials and the Transports both in record high territory, I think being in the market is justified under Dow Theory.”
Back in April 2011, it was reported that Richard Russell no longer believed in market timing [link].
Below is an interesting video from the Casey Research Gold and Resource Summitt held in October 2010 where Russell discusses what he sees as a 13 year bear market which commenced in 2007, and the virtues of investing in gold:
Source: Business Insider
Related Posts
-
Occidental Petroleum Added to the SMA PortfolioOccidental Petroleum Corporation (OXY) was added to the SMA...
- October 8, 2019
-
EnLink Midstream Added to the SMA PortfolioEnLink Midstream, LLC (ENLC) was added to the SMA...
- October 7, 2019
-
Delphi Technologies Added to the SMA PortfolioDelphi Technologies PLC (DLPH) was added to the SMA...
- October 7, 2019
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
