Comment: Richard Russell is one of the few market letters I subscribe to

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Michael Nystrom's picture

Richard Russell is one of the few market letters I subscribe to

I have been reading Russell now for decades. I like him because he's an old timer, and he's not tied to any ideology. Ideology can blind. He knows his adversary is the Market, and he tries to see it with as clear eyes as possible.

After reading your post, I decided to check in on what he had to say. This is the first paragraph of his latest letter:

Imprint recent stock market action firmly in your mind. Because I believe we are going to see an explosion in stocks beyond anything ever seen before. Something has taken over the minds of both retail investors and institutional managers. In a sentence, the psychology now is -- "you're a pathetic sap if you're not in this stock market." The Fed is fighting a semi-depression, and Janet Yellen, if anything, is ready to throw more logs on the fire.

All this money has to go somewhere. Bitcoin just topped $1000. Honestly, I don't see the value - anywhere - but the trend is pretty clear: Up, up and away.

He's the man.