Richard Russell – World’s Disastrous Situation To Produce The Greatest Bear Market In History
KingWorldNews.com
May 12, 2015
As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warns that the world’s disastrous situation will produce the greatest bear market in history. Russell also shares his strategy for surviving the coming chaos.
Richard Russell: “Today everybody watches the news with the intensity of a barn owl searching for mice. Over the last few days I think I’ve seen over 100 technical studies all saying that signs of a market top are missing. The definitive characteristics of market tops have not yet appeared.
To which I reply, what about long-lost Dow Theory? The Industrials have recorded new record highs and yet the Transports refuse to confirm. The Transports are below their 200-day moving average, yet the Industrials fluctuate within a few hundred points of their all-time high.
The Transportation Average is a mixture of airlines, truckers and rails. Industry may be producing the goods, but if the goods are not moved, the economy is in trouble.
My Advice To Subscribers As The U.S. Dollar Runs Into Trouble
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