Search Results for: Richard Russell

On This Date: Richard Russell

On this date in 1980, Richard Russell said: If You Leap, You Will Fall “Let’s trot out an old but very useful market adage. It is that a trend is taken to continue in force until proved otherwise. We can … Continue reading

On This Date: Richard Russell

On this date, Richard Russell of the Dow Theory Letters, said the following: “Wall Street wisdom tells us that the most bullish thing the market can do is advance to new highs. “Wrong–the most bullish thing a stock average can … Continue reading

Richard Russell Review: July 5, 1974

This from Dow Theory Letters on July 5, 1974. “What’s happening, what’s gone wrong? The answer: there’s a giant squeeze in world liquidity, and it is scaring the devil out of investors, large and small, from one end of the … Continue reading

Richard Russell Review: July 3, 1996

This from Dow Theory Letters on July 3, 1996. “To conquer the beast, you must first learn to love it (page 1).” When looking for similar quotes online, we found the following: “Keep your friends close and your enemies closer.” … Continue reading

On This Date: Richard Russell

On this date in 1997, Richard Russell, in his Dow Theory Letters, said the following: “The market, April through mid-June, experienced one of the most powerful rallies in recent history. As a rule, such power moves seldom end with a … Continue reading

On This Day: Richard Russell

On this day in 1998, Richard Russell, in his Dow Theory Letters, said the following: “…Another very, important consideration is this: Many wealthy and sophisticated investors are ardent practitioners of compounding. In order to compound, you must receive a return … Continue reading

Quote of the Day: Richard Russell

“The problem with such diseases as influenza and HIV is that the viruses have an uncanny ability to change their makeup. Thus, the immune system is not prepared to combat the new or mutant strain. For instance, at intervals the … Continue reading

Richard Russell on Consumer Sentiment

On November 30, 1977, Richard Russell of the Dow Theory Letters said the following: “Bill Bretz, editor of the excellent new Juncture Recognition report (Box 1209. Pompano Beach, FL 33061), has just presented a fascinating sentiment study, the Dow vs. … Continue reading

Richard Russell Review: Letter 449

Bear Market Declines “Historically, bear markets tend to last 1/3 to ½ as long as the preceding bull markets. Since this bear market is in the process of correcting the 17-year bull market of 1949 to 1966, a rough rule-of-thumb … Continue reading

Richard Russell: The Passing of an Icon

Read the full tribute here

Richard Russell Review: Letter 854

Richard Russell’s Dow Theory Letter Issue 854 was published on February 9, 1983.  At the time, the Dow Jones Industrial Average was at the 1,067.42 level. Economic events never occur in a vacuum.  Usually there is a string of events … Continue reading

Richard Russell Reviews

According to his website, “Russell began publishing Dow Theory Letters in 1958, and he has been writing the Letters ever since (never once having skipped a Letter). Dow Theory Letters is the oldest investment advisory service continuously written by one … Continue reading

Richard Russell’s Latest Miscue

The New Low team has been huge fans of Richard Russell for years. We’ve learn much about Russell’s thinking process as well as his stock market strategy in his work from 1958 to the present. However, his most recent contribution appears to be … Continue reading

Richard Russell Review: Letter 713

This review of Richard Russell’s Dow Theory Letters is dated November 9, 1977 when the Dow Jones Industrial Average was at 818.43 and the Dow Jones Transportation average was at 206.56.    Dow Theory The first topic addressed by Richard … Continue reading

Richard Russell Review: Wrong About the Industrial Production Index

On June 6th, Richard Russell wrote an article on the Financial Sense website titled “Are We Fated to Live 1929-1930 All Over Again?” In that article, Russell discussed the Barron’s Monthly Index of Physical Volume of Industrial Production [BMIPVIP] reflecting on … Continue reading