"I believe the early part of the third phase of the bull market is now underway. This is what I call the 'worldwide globalization bull market.' This bull market is floating on massive liquidity, low interest rates, easy credit and the ability of the central banks of the world to create all the money they want out of thin air. I consider today's confirmation and record high by the S&P 500 to be an important event." - Richard Russell.
-> To me, Richard Russell is one of the greatest fades. A multi-week stock market correction ???
Edited by NAV, 04 June 2007 - 04:40 AM.