“What we are experiencing is a global bull market of titanic proportions. It involves not only the US and Europe . This primary bull market involves the nations of China , India , Asia and Africa . In scope, it’s a bull market unlike any that has ever been seen before.
As older subscribers know, I’m always studying the action of the market and, occasionally, I must revise my thinking – in order to get in line with the reality of the situation. I believe the “bear market” of 2000-2002 was the correction that divides the second and third phase of this longest and greatest of all bull markets.
In other words, I believe we are now in the early stages of the third and most speculative phase of this great bull market. How long this phase is fated to last, and how far it will carry on the upside, I don’t know. But it should be an absolute whopper, ending in rising inflation and maybe even hyper-inflation.” (12-Sep-07)
Richard Russell’s Dow Theory Letters, POB 1759, La Jolla, CA 92038
What a joke, this guy has been completely wrogn throughout the bull market and now he turns bullish in a major way. Must be a fade, no????!!!
Truly staggering.
If memory serves this is really old news. That said, would you prefer he stay bearish now? In other words, once a guy has been proven wrong, he can never change his position? He's been in this market for decades, longer than most of the posters here are old. I doubt he is a "fade". Certainly not a "joke".
IT