Richard Russell Maintains Bearishness

By on September 23, 2008

A recent article at Marketwatch indicates that Richard Russell does not feel the market will recover soon. Russell reportedly stated in his newsletter, “I now urge subscribers to move as far as possible into cash and T-bills with a balance against catastrophe via gold coins.”

The dismally performing Martin Weiss of Safe Money Report likewise urges subscribers, “With the exception of the special situations recommended by Weiss publications or affiliates, get the heck out of the stock market! Then, place the proceeds into Treasury bills or a Treasury-only money market fund.”

Source:
http://www.marketwatch.com/news/story/russells-bad-year-gets-worse/story.aspx?guid=%7BCE7AFBE1-B79C-4C99-BA60-05E952A01EBA%7D
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