Home / Economic Conditions / Stock Market Trigger Points — Richard Russell
Print Friendly and PDF

Stock Market Trigger Points — Richard Russell

Written by Gary North on November 29, 2011

Richard Russell has been writing his newsletter on stock market investing for over 50 years. So, when he lists a series of trigger points, I pay attention. Here are his thoughts before yesterday’s rally.

“As of now, both the Dow and the S&P are down for the year.  I call this Stage One.  Stage Two will occur if the Dow sinks into the 10,000 (level).  Stage Two Point Five will occur if the Dow starts trading below 10,000.  I think if the Dow trades under 10,000, consumer sentiment will change from hope to fear and anxiety.

The big, smart money is choosing diversity.  Their problem, diversify into what?  The answer may be to diversify into something that is life sustaining…Sustaining may be a matter of food, water, and shelter.

I know much of the above sounds outrageous, but in 1980 the Dow at 10,000 sounded outrageous.  We’re moving into a world that today’s generations will be dealing with matters that they’ve never had to deal with before.

He sounds pessimistic. He obviously thinks the economy is getting dangerously close to a major decline.

What is his recommendation? Gold and silver coins.



Continue Reading on kingworldnews.com

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

Comments are closed.