DANGER: Richard Russell Warns Investors To Be Completely Out Of The Stock Market
KingWorldNews.com
Sept. 1, 2015
On the heels of continued uncertainty in global markets, the Godfather of newsletter writers, 91-year-old Richard Russell, warned investors to be completely out of the stock market. He also covered everything from major markets, including gold and silver, to the memory of his 21st birthday during World War II.
September 1 (King World News) – Richard Russell: “The Fed is still wrestling with the idea of raising rates. Ironically, raising rates could help business. A rate rise would allow the small banks to make needed loans to small business. When small business gets moving, inflation could move up, which explains why gold is creeping higher.
The stock market is taking a possible rate increase as a negative omen. As I write at mid-day, Industrials are down 113, Transports are down 20 and the NASDAQ, which has become more and more of an indication of market direction, is down 41. However the big 1,000 even numbers are holding with Industrials above 16,000, Transports above 7,000, and the NASDAQ above 4,000.
A Bearish Omen
The Rest…HERE
