Richard Russell To Investors – Get Liquid Before The Crash
Richard Russell has made a name for himself as a fortune teller for investors seeking to stay a step ahead of the stock market. Russell, in his Tuesday Dow Theory Letter prediction, forecasts a devastating stock market crash that will render America, by the end of 2010, simply unrecognizable. Others also forecasting a crash are other pundits who attempt to divine future events by studying and comparing stock market trends.
Article Resource: Richard Russell to investors: get liquid before the crash
The Dow Theory Letters of Richard Russell
Simply because of his comments, observations and stock market philosophy, Richard Russell's Dow Theory Letters have gained a huge following in financial circles. Russell covers the U.S. stock market, precious metals, commodities, foreign markets, bonds, politics and economics. Business Insider reports that Russell, in the latest Dow Theory, warns investors to get out of the stock market altogether, move away from fast cash loans, remove debt and covert all wealth into liquid assets:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know — who told him?" Tell them the stock market told him.
Global Macro Investor sees eye to eye
Richard Russell shares a kindred spirit with Raoul Pal, despite the fact Pal thinks the stock market apocalypse will occur in matters of days or weeks, instead of months. Pal authors the Global Macro Investor, an independent research publication, and is a former Goldman Sachs executive. According to its claims, Pal has apparently been observing a classic pattern in the stock market that has resulted in historical financial disasters — a sharp decline followed by an unsuccessful rally followed by a collapse.
A look at the Dow Theory forecasts
Since April, Richard Russell's Dow Theory forecasts call attention to a corrosion in the stock market, regardless of improving business news. Shoring up the Global Macro Investor prediction, Russell presents a narrative that discloses recent April highs in the Dow and S and P Averages, followed by a sharp drop in both Averages to May 7 lows, followed by a short rally. Based on historic date, the Dow Theory forecast is that a market collapse is inevitable – if the two Averages turn down again to fall below their May 7 lows.
Is the stock market crash inescapable?
During the four days that ended May 7, the Dow Jones Industrial Average sunk to the lowest level since Feb 26, 10,380.43, falling 6.9 percent. The transportation gauge closed at 4,298.12, down 11 percent in just four days, according to the San Francisco Chronicle. Downgrades of Greece, Portugal and Spain helped set off the fall as the prospect of a sovereign default in Europe undermined investor confidence.
Russell speaks, market listens
Richard Russell's Dow Theory Letter is taken quite seriously by investors. His predictions of a stock market crash will more than likely persuade a stock market sell-off and a run on cash and gold. Claiming to have been the first to recommend gold stocks in 1960 is Mr. Russell. Russell says he called the top of the 1949-66 bull market, the bottom of the great 1972-74 bear market and the beginning of the great bull market that started in December 1974. Russell began publishing Dow Theory Letters in 1958. Dow Theory Letters is the longest-running investor newsletter continuously written by one person in the financial industry.
Tags: dow theory letter, fast cash loans, richard russell, stock market