Comments on: RICHARD RUSSELL: THIS IS A BEAR MARKET RALLY

By: lionary

lionary — Wed, 18 Nov 2009 11:36:22 +0000

Has Richard Russell now reversed his position:?

“Richard Russell, editor of Dow Theory Letters, is one of the technical analysts who, in light of the joint new highs of both the Dow Industrials and the Dow Transports, are now officially bullish on both the secondary and primary trends of the stock market.”

http://www.marketwatch.com/story/another-dow-theory-buy-signal-2009-11-18

By: Mk

Mk — Thu, 12 Nov 2009 16:07:40 +0000

So when will you be convinced about the bull market? when we take off all time highs?

By: leroy loveland

leroy loveland — Wed, 11 Nov 2009 03:54:22 +0000

Just general observation: Fannie Mae buying MBS (mortage backed securties) with our tax dollars is just wrong. Also, FMN mortgage for lease is just wrong. Mr. Bernake taking Interest Rates to ZERO and keeping them at ZERO (that is .00%)is wrong. Being retired, my savings times zero is nothing. Merchants where I live don’t accept “nothing” for payment of there product or service.

By: Frank

Frank — Mon, 09 Nov 2009 22:43:00 +0000

In response to Gary:

I don’t think that Gold and gold shares will participate in a marked equity market correct, if we ever see one at the rate that liquidity is pumped into the system.

However, I am of the camp that feels that we are long overdue for a reality check in the markets but back to the point, here are a few reasons why we shouldn’t see gold and gold stocks participate in the massive down move.

1. When the markets melted down the last time, Hedge Funds were forced to liquidate everything. That means, everything with a bid attached to it was hit. It was a ruthless “sell everything” debacle and nothing was spared.

2. Since then, many hedge funds have been wiped off the face of the earth. Should a massive deleveraging situation come again, there are fewer hedge funds out there and fewer of them holding junior exploration companies, or miners. Just look at Canada’s venture exchange, the home of many junior gold stocks and exploration companies WHO FOR THE MOST PART have not rallied nearly as much as the major indexes.

3. As a result of point two, I think the safety trade this time around will be circa late 70’s when we saw a major market melt-up in gold and gold related shares. Everyone and their grandmother wanted gold stocks, any gold stock at that time.

4. As a result, we can not overlook the fact that inflation is here. You can not keep the printing presses running around the clock and not be naive enough to expect inflation not to be a factor. As a result, gold, metals and related issues will take the cash coming out of bank stocks and all the other junk that is grossly overvalued. Some of the yields have now reached in the decimals with P/E ratios at historical highs. Who in their right mind would be buying equities at this moment is beyond me.

5. There is a shortage of gold production. Central banks want their gold. There is no supply. Any gold issue with gold in the ground will catch a bid.

These are my views….please don’t invest on the basis of them.

By: Gary Ogletree

Gary Ogletree — Fri, 06 Nov 2009 23:34:00 +0000

Been waiting for this bear rally to reverse for months. All I want to know is whether gold and silver mining shares will join the dive this time. Any historical clues?

By: jimarb

jimarb — Fri, 06 Nov 2009 23:03:42 +0000

remember the game HOT POTATO – or the phrase ” GET ON THE TRAIN BEFORE IT LEAVES THE STATION ” figure it out for yourself

By: J.T.

J.T. — Fri, 06 Nov 2009 14:59:21 +0000

You are right on the reality of the mess were in!.
Highway to Hell here we come !.

By: Anon

Anon — Fri, 06 Nov 2009 04:38:01 +0000

Who cares whether it is a bear mkt rally or a bull mkt rally. Its a rally .. play it

By: dennis dales

dennis dales — Fri, 06 Nov 2009 00:47:51 +0000

for those interested, there are no “economic laws”; merely economic theories–

By: TPC

TPC — Thu, 05 Nov 2009 23:53:38 +0000

I don’t think people read Russell for his superb fundamental analysis. They read his stuff because he’s probably the most veteran trader on the planet and has a pretty good feel for things. Your point is valid, but I think you’re reading the wrong source in Russell if you’re looking for in-depth fundamental analysis.