Richard Russell – U.S. Government And The Fed Scared To Death, The Late Joe Granville, Silver And An Ominous Warning From John Williams
KingWorldNews.com
May 22, 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, warned that the U.S. government and the Fed are scared to death. Russell also covered everything from Joe Granville, Russia and China, to silver and an ominous warning from John Williams.
Wisdom From My Old Friend, The Late Joe Granville
Richard Russell: “According to my old friend, the late Joe Granville, a bear market ends on the day when the number of new lows on the NYSE hits its highest number. Conversely, a bull market ends when new 52-week highs on the NYSE hits their peak. But that hasn’t been working lately. Analysts are pulling their hair out trying to find a technical method that will call a top to this market.
My question – why beat your brains out trying to identify a top when you can be on the sidelines just watching one of the most complicated advances in stock market history?
This bull market has knocked out hundreds of hedge funds over the last few years. Ironically, it has been shown that most hedge funds have not been able to keep up with simple index funds. My own advice is that if a market is “trendless” and the best traders can’t make money in it, then who the hell needs it?
The Rest…HERE
