Richard Russell

This guy is a complete idiot IMO. Bearish way down in 2002, bearish all the way up, bearish and bearish and bearish all the way into 2005, 2006 and 2007..............and guess what...........he's gone bullish! Bearish why: values not cheap, SPX PE ratios, dividend yields, debt deflation, overconsumption, you name it, it wasa there. Values are less attractive today by his pencil, yet he's bullis. IS THIS CRAZY OR WHAT!!! MARK HULBERT: Richard Russell Is Forecasting Epic Bull Market In Stocks April 09, 2008: 12:44 AM EST ANNANDALE, Va. (Dow Jones) -- News flash: The 2000-2002 bear market never happened. And the 2007-2008 bear market was a figment of your imagination. Believe it or not, those announcements in effect were made earlier this week by Richard Russell, editor of the Dow Theory Letters newsletter. He says he now believes the stock market has been in a primary bull market since the early 1980s. The lows of October 2002 and January 2008 therefore represent nothing more than "important secondary or cyclical correction-bottoms." As if he wanted to make sure there was no misunderstanding, Russell headlined his Web posting Monday night: "A Shocking Revelation: The Bull Never Left." What factors could lead to such a dramatic change of heart in an adviser who earlier this year had argued that we were in a primary bear market? The first, according to Russell, is that "the major stock averages have been building huge bases," and therefore appear ready to move much higher -- to new all-time highs, in fact. The second factor is that, at the market's low earlier this year, just as was the case at the October 2002 bottom, stocks were not even close to being as cheap as they were at the major bear market bottoms of the past. Given these two factors, Russell says he sees "no other explanation" for what's been going on than that we've been in an uninterrupted bull market since the early 1980s. What would a major bear market bottom look like? Don't ask ... "Somewhere ahead we're finally going to enter a true primary bear market, maybe one of the greatest and most tragic in history," Russell writes. "That future bear market will end with something we haven't seen since the 1980 to 1982 period, and I'm talking about great values in stocks. And when I say great values I'm talking about blue-chip stocks selling in single-digit price/earning ratios while at the same time providing dividend yields of 6-7-8%, the kind of yields we last saw at the lows of the early 1980s." How soon will the stock market recover its losses of the past six months and reach new all-time highs? Russell's crystal ball is less clear in answering this question; he simply writes that it will happen "somewhere between 2008 and 2010." In the meantime, he is advising clients to buy the Dow Diamonds ETF (DIA)or the iShares S&P Global 100 ETF (IOO), with stop losses 6% below the purchase price. Why is Russell's opinion worth listening to? Because his stock market timing record is one of the best of any that the Hulbert Financial Digest has been tracking over the last three decades. To be sure, Russell's short-term market timing has left something to be desired in recent years. But when it comes to calling major turns in the market, Russell has some spectacular calls to his credit. One of the most famous was his buy signal that came very close to the bottom of the great 1973-74 bear market. Another was a sell signal in late August 1987, five days after the stock market's high that summer and two months prior to the 1987 crash, the worst in U.S. stock-market history. (END) Dow Jones Newswires 04-09-08 0044ET Copyright © 2008 Dow Jones & Company, Inc. 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You are certainly entitled to your opinion but "complete idiot" is not only not fair it's not true. Yes the man has been out of step let he who has never been regardless of time frame stand up and be counted. Have you ever been out of step with the market? Does that make you a complete idiot? I don't think so. Respect - is something not often shown and that is unfortunate! Good Trading Bill

I posted this same link several hours ago. Does that make you a "complete idiot"? IT

for information purposes only , arent morans smarter than idiots?

Edited by snorkels4, 09 April 2008 - 03:01 PM.

Tor,

Why are you Trashing the Gentleman ?

Hank

This guy is a complete idiot IMO. Bearish way down in 2002, bearish all the way up, bearish and bearish and bearish all the way into 2005, 2006 and 2007..............and guess what...........he's gone bullish!

Bearish why: values not cheap, SPX PE ratios, dividend yields, debt deflation, overconsumption, you name it, it wasa there.

Values are less attractive today by his pencil, yet he's bullis. IS THIS CRAZY OR WHAT!!!

MARK HULBERT: Richard Russell Is Forecasting Epic Bull Market In Stocks

April 09, 2008: 12:44 AM EST


ANNANDALE, Va. (Dow Jones) -- News flash: The 2000-2002 bear market never happened.

And the 2007-2008 bear market was a figment of your imagination.

Believe it or not, those announcements in effect were made earlier this week by Richard Russell, editor of the Dow Theory Letters newsletter. He says he now believes the stock market has been in a primary bull market since the early 1980s.

The lows of October 2002 and January 2008 therefore represent nothing more than "important secondary or cyclical correction-bottoms."

As if he wanted to make sure there was no misunderstanding, Russell headlined his Web posting Monday night: "A Shocking Revelation: The Bull Never Left."

What factors could lead to such a dramatic change of heart in an adviser who earlier this year had argued that we were in a primary bear market?

The first, according to Russell, is that "the major stock averages have been building huge bases," and therefore appear ready to move much higher -- to new all-time highs, in fact. The second factor is that, at the market's low earlier this year, just as was the case at the October 2002 bottom, stocks were not even close to being as cheap as they were at the major bear market bottoms of the past.

Given these two factors, Russell says he sees "no other explanation" for what's been going on than that we've been in an uninterrupted bull market since the early 1980s.

What would a major bear market bottom look like?

Don't ask ...

"Somewhere ahead we're finally going to enter a true primary bear market, maybe one of the greatest and most tragic in history," Russell writes. "That future bear market will end with something we haven't seen since the 1980 to 1982 period, and I'm talking about great values in stocks. And when I say great values I'm talking about blue-chip stocks selling in single-digit price/earning ratios while at the same time providing dividend yields of 6-7-8%, the kind of yields we last saw at the lows of the early 1980s."

How soon will the stock market recover its losses of the past six months and reach new all-time highs? Russell's crystal ball is less clear in answering this question; he simply writes that it will happen "somewhere between 2008 and 2010."

In the meantime, he is advising clients to buy the Dow Diamonds ETF (DIA)or the iShares S&P Global 100 ETF (IOO), with stop losses 6% below the purchase price.

Why is Russell's opinion worth listening to?

Because his stock market timing record is one of the best of any that the Hulbert Financial Digest has been tracking over the last three decades. To be sure, Russell's short-term market timing has left something to be desired in recent years. But when it comes to calling major turns in the market, Russell has some spectacular calls to his credit.

One of the most famous was his buy signal that came very close to the bottom of the great 1973-74 bear market.

Another was a sell signal in late August 1987, five days after the stock market's high that summer and two months prior to the 1987 crash, the worst in U.S. stock-market history.


(END) Dow Jones Newswires
04-09-08 0044ET
Copyright © 2008 Dow Jones & Company, Inc.




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Home Portfolio Calculators Contact us Newsletters Podcasts RSS Mobile Press Center Site Map
Advertise with Us Magazine Customer Service Download Fortune Lists Reprints Career Opportunities Special Sections Conferences Business Leader Council
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET.
Intraday data provided by ComStock, an Interactive Data Company and subject to the Terms of Use.
Historical, current end-of-day data, and splits data provided by FT Interactive Data.
Fundamental data provided by Hemscott.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.

If anything, per his record of the last couple of decades, Russell is more of a contrarian indicator than anything else.

for information purposes only , arent morans smarter than idiots?

Aren't morans a type of nut? Like a pissedatyos?

............fair enough maybe a bit harsh.....well I do get hacked off when a sub service never seems to get it right, I mean what do people pay for? Maybe just bedtime reading.

I met the man once and he was kindly, seemed sane and had a good racket selling subscriptions. I liked him, he is one of the few man older than I am in this business. Besides, I believe in the Great Bear Market. When the GBM comes I will short it, make my final killing, get married and retire to Costa Rica. Best, Islander