Comments on: RUSSELL: HERE COMES THE “SECOND ROUND OF PAIN” http://pragcap.com/russell-here-come-the-second-round-of-pain Sun, 12 Feb 2012 13:32:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bill blankenship http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11558 bill blankenship Sun, 07 Feb 2010 15:09:47 +0000 http://pragcap.com/?p=16148#comment-11558 I have read Richard Russell's Dow Theory Letters (daily) for more than 4 years along with a raft of other economic missives from pundits of every persuasion. He understands the fundamentals driving the world economy like no other analyst and I agree with him we are in for a world of hurt. A PhD in the Crash of 1929 (Bernanke's flimsy credential) gives us no clue as to what lies ahead. I am betting on Russell's 56 year study of the market. He alone admits when he is wrong and admits what he doesn't know. His insight is worth its weight in gold. If I hadn't followed his advice through these recent financial calamities I'd be bankrupt. He saved my savings and my sanity along with it. I have read Richard Russell’s Dow Theory Letters (daily) for more than 4 years along with a raft of other economic missives from pundits of every persuasion. He understands the fundamentals driving the world economy like no other analyst and I agree with him we are in for a world of hurt. A PhD in the Crash of 1929 (Bernanke’s flimsy credential) gives us no clue as to what lies ahead. I am betting on Russell’s 56 year study of the market. He alone admits when he is wrong and admits what he doesn’t know. His insight is worth its weight in gold. If I hadn’t followed his advice through these recent financial calamities I’d be bankrupt. He saved my savings and my sanity along with it.

]]> By: bobby http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11423 bobby Thu, 04 Feb 2010 01:55:00 +0000 http://pragcap.com/?p=16148#comment-11423 This guy doesnt trade is usually afraid to buy and hold . His news letter is all about gold . I get it already . This guy doesnt trade is usually afraid to buy and hold . His news letter is all about gold . I get it already .

]]> By: Proforma http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11414 Proforma Wed, 03 Feb 2010 17:16:47 +0000 http://pragcap.com/?p=16148#comment-11414 With these OLD market theories, no wonder he hasn't found a pot of gold in 50 yrs. If you've been wrong all this time, why should we listen/read you now? If you are really lost, try I.B.D. or stick with bonds. With these OLD market theories, no wonder he hasn’t found a pot of gold in 50 yrs. If you’ve been wrong all this time, why should we listen/read you now? If you are really lost, try I.B.D. or stick with bonds.

]]> By: Godsfriend http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11403 Godsfriend Wed, 03 Feb 2010 11:21:21 +0000 http://pragcap.com/?p=16148#comment-11403 Don't underestimate Richard. He is seldom wrong, but that comes with his great background and years of experience. He is one of the few great market minds that I try to read everytime I see him published. He is often wrong about some personal social views, but he hits a homerun in his market advice almost everytime. He eats, breaths and lives the market, and has for over eighty years. Old?...yes! Knows the market?...Yes! Experienced?....in the market very much so! Experienced in living the good life?....Maybe not...tooo much market! Don’t underestimate Richard. He is seldom wrong, but that comes with his great background and years of experience. He is one of the few great market minds that I try to read everytime I see him published. He is often wrong about some personal social views, but he hits a homerun in his market advice almost everytime. He eats, breaths and lives the market, and has for over eighty years. Old?…yes! Knows the market?…Yes! Experienced?….in the market very much so! Experienced in living the good life?….Maybe not…tooo much market!

]]> By: Russ Smith http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11390 Russ Smith Wed, 03 Feb 2010 03:57:57 +0000 http://pragcap.com/?p=16148#comment-11390 Hi!, All: Have you ever been to a horse race & placed your $'s on a horse, because you believe, by whatever info. about the Jockey, the horse, track conditions, contendaers etc., your bets are going to be placed on the winner? Well, whether your horse wins or looses, the house gets your "bet" money doesn't it? So, when it comes to the stock markets, you do your due dllegence regards your bets and then let the market (obove it's the horse race)let you know if you win your bets or loose your $$'s but, still, the house gets your commissions for placing your bets either way doesn't it? Therefore, whether you're beting on horses or stocks, the commissioned brokers win, because they are the "sure money" men, through their collections of unencumbered, risk free commissions via millions of bets placed before the action begins for you. Henry Ford Sr. said that all major league sports are run exclusively by their owners/promoters, in order to make money off of contestent zeal. Therefore, how long would horses race, stocks trade or ball players play, if nobody showed up with their $$'s to trade? Maybe though these are just plain good ole joe distractions we need in life, so that our problems seem less significant and overwhelming pluss something to focus on and talk about daily? Once in awhile we get to feel a winner, but the house wins every time but, don't give up, you just might be the next lotto player to take home those multimillion $ jackpot to invest in the Stock Market, take the family out to the ballgame for years or take some friends out to bet on the horses all in the name of having some fun in this otherwise boring existance!!? RUSS SMITH, CALIFORNIA resmith@wcisp.com Hi!, All:

Have you ever been to a horse race & placed your $’s on a horse, because you believe, by whatever info. about the Jockey, the horse, track conditions, contendaers etc., your bets are going to be placed on the winner? Well, whether your horse wins or looses, the house gets your “bet” money doesn’t it?
So, when it comes to the stock markets, you do your due dllegence regards your bets and then let the market (obove it’s the horse race)let you know if you win your bets or loose your $$’s but, still, the house gets your commissions for placing your bets either way doesn’t it?
Therefore, whether you’re beting on horses or stocks, the commissioned brokers win, because they are the “sure money” men, through their collections of unencumbered, risk free commissions via millions of bets placed before the action begins for you.
Henry Ford Sr. said that all major league sports are run exclusively by their owners/promoters, in order to make money off of contestent zeal. Therefore, how long would horses race, stocks trade or ball players play, if nobody showed up with their $$’s to trade?
Maybe though these are just plain good ole joe distractions we need in life, so that our problems seem less significant and overwhelming pluss something to focus on and talk about daily? Once in awhile we get to feel a winner, but the house wins every time but, don’t give up, you just might be the next lotto player to take home those multimillion $ jackpot to invest in the Stock Market, take the family out to the ballgame for years or take some friends out to bet on the horses all in the name of having some fun in this otherwise boring existance!!?

RUSS SMITH, CALIFORNIA
resmith@wcisp.com

]]> By: Jimbo http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11387 Jimbo Wed, 03 Feb 2010 02:54:12 +0000 http://pragcap.com/?p=16148#comment-11387 Worldlygirl, that's the point. You don't invest. You sit in cash. It's not return on principal. It's return of principal. Unless of course you have a longer time frame then it's precious metals. It's the only currency left. It's a lot easier to inflate paper than it is silver or gold. Worldlygirl, that’s the point. You don’t invest. You sit in cash. It’s not return on principal. It’s return of principal. Unless of course you have a longer time frame then it’s precious metals. It’s the only currency left. It’s a lot easier to inflate paper than it is silver or gold.

]]> By: living of dividends & Passive income http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11365 living of dividends & Passive income Tue, 02 Feb 2010 22:30:08 +0000 http://pragcap.com/?p=16148#comment-11365 any time bond funds are up 60%+ in a year is time to worry about being long in bonds. any time bond funds are up 60%+ in a year is time to worry about being long in bonds.

]]> By: worldlygirl http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11364 worldlygirl Tue, 02 Feb 2010 22:24:58 +0000 http://pragcap.com/?p=16148#comment-11364 what are the alternatives- where does one invest before the fall? that needs to be addressed.... what are the alternatives- where does one invest before the fall?
that needs to be addressed….

]]> By: spadice http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11363 spadice Tue, 02 Feb 2010 22:20:10 +0000 http://pragcap.com/?p=16148#comment-11363 It's not so simple as you said. Many investors have background information and expectations based on such information. In this case I therefore only can say: "Buy! Buy! Buy! And to you I will say: "Better late (at some higher prices) than never!" It’s not so simple as you said. Many investors have background information and expectations based on such information.
In this case I therefore only can say: “Buy! Buy! Buy! And to you I will say: “Better late (at some higher prices) than never!”

]]> By: Alchemisteve http://pragcap.com/russell-here-come-the-second-round-of-pain/comment-page-1#comment-11362 Alchemisteve Tue, 02 Feb 2010 22:17:33 +0000 http://pragcap.com/?p=16148#comment-11362 Yes, amateurs have been going to the bond market, but it has been 'topping'. When it collapses, as MorganStanley has predicted, they will feel unbelievable, mind-numbing pain. So RR is essentially correct: the public is going to feel pain. And it won't just be those who own stocks and bonds, the 'ripple effect' will get us all. Own real thingsof value ('hard assests'), not pieces of paper. Yes, amateurs have been going to the bond market, but it has been ‘topping’. When it collapses, as MorganStanley has predicted, they will feel unbelievable, mind-numbing pain. So RR is essentially correct: the public is going to feel pain. And it won’t just be those who own stocks and bonds, the ‘ripple effect’ will get us all. Own real thingsof value (‘hard assests’), not pieces of paper.

]]>