I miss reading rr, a daily event for over a decade for me. A few smallish exhibits are added towards the very end of the booklet, so that the reader has to go back and forth all the time to decipher the miniature charts and the microscopic lower time scales. Richard russell has been writing and publishing the dow theory letters since 1958, and never has he missed an issue. Feb 15, 2010 the last man standing richard russell 321gold. He began publishing a newsletter called the dow theory letters in 1958. Weekly stock recommendations and analysis is geared towards the individual investor looking for actionable stock market advice in a justthefacts approach.
He also thinks that it may take several more years to reach the end of this bear. Richard russell dow theory letters written september 8. Dow first used his theory to create the dow jones industrial index and the dow jones rail index now transportation index, which were originally compiled by. Russell likes gold instead and he has done so for many years now. Russell gained wide recognition via a series of over 30 dow theory and technical articles that. Veteran stock forecaster richard russell, editor of the dow theory letters, predicts the u. Richard lion russell july 22, 1924 november 21, 2015 was an american writer on finance. Richard began writing the dow theory letter in 1958 and continuously wrote it until recently. Richard russell was the publisher of dow theory letters.
Russell says his 60 years of experience in financial markets tells. April 21, 2020 for almost a full month, buyers had control with us equities jumpinghigher, aided by some massive government stimulus programs that helped to ease worries. Carlson was formerly editor of dow theory forecasts. Founder of dow theory letters, richard russell was an innovator in technical stock market analysis. Richard was the founder, author and publisher of dow theory letters. A hundred years ago gold and silver were the only items accepted as money. Twice weekly hotlines with market news, stock upgrades and downgrades keep subscribers informed between issues. Richard russell was the longtime publisher of the dow theory letters.
Richard russell says markets preparing for war between iran and israel posted on february 6, 2012 at 4. Richard russells dow theory letters dated march 20, 1970. Other contributors were ned davis of ned davis research, quoted in barrons 7984 editorial commentary by robert m. The president of the new york stock exchange, for example, is among those who subscribe to richard russell s dow theory letters, the sixpage platform from which russell conducts his biweekly. The dow theory on stock price movement is a form of technical analysis that includes some aspects of sector rotation. Find out why fnarena subscribers like the service so much. Marketwatch richard russell, who was editor of the investment newsletter dow theory letters for 57 years, died nov.
See full address details, etc, for the dow theory letters at the end of this document. May, 2005 question if deflation is almost impossible, since the fed can neutralize any deflation simply by increasing the money base, why is the fed so worried about deflation or, as the fed puts it, insufficient inflation. Russell flew as a combat bombardier on b25 mitchell bombers with the 12th air force during world war ii. The most popular piece ive published in 40 years of writing these letters was entitled, rich man, poor man. Russell began publishing dow theory letters in 1958, and he has been writing the letters ever since never once having skipped a letter. Somewhere ahead i expect to see a worldwide panicscramble for gold as it dawns on the world population that they have been hoodwinked by the central banks creation of socall paper wealth. Richard russell dow theory letters complete archives for. At the time, the dow jones industrial average was at the 8,872.
At the source of the move was hope that there may be a slowing in the growth rates of the novel coronavirus in. Richard russell snippet dow theory letters posted feb 15, 2010. Dow jones industrial average stock quote dow theory letters. Richard was the founder, author and publisher of dow theory letters for 57 years. Dow plunges more than 700 as one of richard russells last. To my knowledge it was the longest running investment letter written by the same person on record. As we discuss in the precious metal section of this indepth quarterly letter, gold etfs have entered into a sustained period of accumulation, as illustrated by the below graph.
Effectively, an investor should expect a decline from 38% to 50% as a natural reaction from a double top. This memorial website was created in memory of our beloved father, brother, husband, friend and writer, richard lion russell. Dow theory letters is the oldest service continuously written by one person in the business. If the dollar goes to hell, rising gold could make up for the loss in purchasing power. The theory was derived from 255 wall street journal editorials written by charles h. Following dow s death, william peter hamilton, robert rhea and e. Dow believed that the stock market as a whole was a reliable measure of overall. Here you can download collection of ebooks and articles about dow theory charles dow developed the dowtheory from his analysis of market price action in the late 19th. Richard russell of dow theory letters thinks we are in the second or third inning of this bear market and that the decline in the indexes has much further to run. Dow theory forecasts is written with the busy reader in mind.
Dow theory letters will continue to be written and published by richard russell s team of analysts at members of the press may contact dow theory letters at email protected. A tribute to richard russell, who edited dow theory letters for 57. I looked forward to his letters as if from a friend. The letters covered his views on the stock market and the precious metal markets. Richard russell dow theory letters complete archives for sale. The chief draw back of the dow theory today, in my opinion, is the nearly complete lack of charts illustrating what the text says. Russell opens his newsletter by pointing out the distinction between what the market should be doing. Founded by richard russell, the dow theory letters is an investing newsletter services that focuses on technical stock market analysis more about dow theory letters. Spoken dow theory letter richard russell tribute youtube. I thought a few paragraphs from mondays dow theory letters would provide readers with an apt summary of how.
Russell gained wide recognition via a series of over 30 dow theory. Richard russell, editor of the investment newsletter dow theory letters for over 50 years, includes a valuation index in his dow theory market calls. Richard russell dow theory letters written september 8, 2009 rip to one of the last, greatest voices and a member of the greatest generation as well as a combat vet. What singular, momentous occasion does he think will set off a market frenzy. I subscribed to dow theory letters for over 10 years. At the same time, central banks are still buying large volumes of gold an estimated 207 tonnes in the first four months of 2019. Discussion in trading started by nighttripper, jun 6, 2010. Richard russell, who shared his technical analysis with subscribers through the influential dow theory letters since 1958, has died. The dow theory letters richard russell on stock values. Very few analysts have a grasp of the international picture compared with davids. Richard russell began publishing dow theory letters in 1958, and he has been writing the letters eve. Richard russell began publishing dow theory letters in 1958, and he has been writing the letters ever since never once having skipped a letter. By richard russell, dow theory letter making money. Your feedback thank you warning this story contains unashamedly positive feedback.
Russell educated at rutgers and received his ba at nyu. Dow theory letter 100708 free download as pdf file. Russell calls new primary bear trend for us equities fnarena. Richard russell, who shared his technical analysis with subscribers through the influential dow theory letters. Celebrated across the years as a financial icon, he wrote continuously until his death in 2015. On this date in 1998, richard russell published issue 1248 of the dow theory letter.
Dow 18511902, journalist, founder and first editor of the wall street journal and cofounder of dow jones and company. The dow theory is an approach to trading developed by charles h. If you wanted to gauge the mood of the market say, at the bottom in 1982, or at the dead. Richard russell is a modern day icon of the investing community and widely published for his work on the dow theory letters, particularly in relation to business cycles and market trends. Richard russell snippet dow theory letters may 16th, 2005 extracted from the may th, 2005 edition of richard s remarks. The final warnings and thoughts that richard russell. Richard russell began publishing dow theory letters in 1958. But dow theory letters richard russell has called for a new primary bear market and you have hereby been informed of that fact.
Rich man, poor man the power of compounding lewrockwell. Investors to profit in stocks 1960 and richard russell s the dow theory today 1961. Richard produced an article titled the perfect business. Here are some excerpts of what richard russell wrote today a month ago i drew attention to the fact that the transports had failed to confirm the new recovery high in the dow, and at around the same time i said that i thought the bear market correction that began in october 2002 had about run its course. Dow theory letters will now be under the stewardship of the aden forecast and will be merged with the iconic newsletter, the aden forecast. I have never seen a bull market of this size end without a highlyspeculative third phase explosion.
Richard russell, publisher and writer of the dow theory letters newsletter for nearly six decades, died saturday at the age of 91 the former world war ii combat bombardier, russell turned dow. Bleiberg way above average, for a century dow theory has served investors well. A tribute to richard russell, who edited dow theory. Richard russells dow theory letters offer more than. I have had dozens of requests to run this piece again or for permission to reprint it for various business organizations.
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