Richard Russell – Frightening Hyperinflation Coming To US
November 11, 2013
With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, predicted that a frightening hyperinflation is coming to the US. Russell also discussed stocks, gold, and what investors should be doing in the face of the coming financial tsunami.
Richard Russell: “I continue to think that this bull market will end in an upside explosion. I believe it is fated to go higher than anybody now believes. A wise move here might be buy the farthest out calls as possible on the thesis that the sellers are convinced they will never be hit. Wise heads are now warning that this market has now passed all sane appraisals, and as such it is highly dangerous. Nevertheless I believe that this market is fated to go higher than even the most bullish practitioners can conceive.
Reading my favorite advisories, they are overwhelmingly bearish, from the standpoint of the usual technicals, including the margin accounts, and the number of bullish advisories vs. the thin bears. All this aside, my instinct tells me that the stock market is heading into the clouds … I sense that the retail public is moving toward an extreme of bullishness, and that all negative indications will be swept aside. This bull market will not end with the usual and obvious technical indications. It will end with an extreme of bullishness from the crowd.