Richard Russell: Horror…If Market Continues to go Down

By on August 2, 2011

Long-time market observer Richard Russell, editor of the Dow Theory Letters, stated, “The real horror would be if the debt limit is solved and the market continues to go down.”

It appears Russell’s worst fears are being realized as the market continues to plunge today and is breaking below key support levels.

Russell is bullish on gold which he says has not reached bubble levels despite rising for years now.

Source: Philly.com

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