Search Results for: Richard Russell

Richard Russell Review: Letter 762

Posted on July 20, 2010 by | Leave a comment

Letter 762 was published on August 1, 1979. At the time, the Dow Jones Industrial Average was indicated at 839.76. There were a couple of items that stood out as I read this newsletter. Richard Russell said: “As a matter … Continue reading →

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Posted in Dow Theory, Letter, Richard Russell, Richard Russell Review

Dow Theory and Richard Russell

Posted on July 11, 2010 by | Comments Off on Dow Theory and Richard Russell

In attempting to understand Dow Theory it is necessary to follow the best and the brightest on this topic. Over the last 52 years, the brightest person on Dow Theory has been Richard Russell. No single person has been more … Continue reading →

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Posted in Dow Theory, Richard Russell, Richard Russell Review

Dow Theory and Richard Russell

Posted on July 11, 2010 by | Leave a comment

In attempting to understand Dow Theory it is necessary to follow the best and the brightest on this topic. Over the last 52 years, the brightest person on Dow Theory has been Richard Russell. No single person has been more … Continue reading →

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Posted in Dow Theory, Richard Russell

Twitter Tape: Rubicon Crossed?

Posted on February 12, 2024 by | Leave a comment

Jim Bianco of Bianco Research says the following: “Money management just crossed the Rubicon.” We’ve heard the language before.  The belief being that an arbitrarily set parameter has triggered something.  What has been triggered?  We don’t really know since it … Continue reading →

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Posted in Bianco, dumb money, ETF, Index Funds, Twitter Tape

Bubble Fiction and Market Reality

Posted on January 25, 2021 by | Leave a comment

There is a lot of discussion regarding the possibility that the stock market is in a bubble.  We have been steadfast in saying that the market is behaving normal. In two prior articles, we have outlined the long term cycles … Continue reading →

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Posted in IBM, MSFT

Market Rewind: S&P 3,384/Dow 3,384

Posted on September 15, 2020 by | Leave a comment

On September 14, 2020, the S&P 500 Index closed at 3,383.54.  To celebrate, we are going to review what Richard Russell’s Dow Theory Letters had to say about the market when the Dow Jones Industrial Average closed at 3,384.32 on … Continue reading →

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Posted in DJIA in Review, Dow Industrials, Richard Russell Review, S&P 500

Dow’s Theory on Government and Markets

Posted on September 13, 2020 by | Leave a comment

“Remember that the industrial and railroad stocks used in the averages are essentially speculative. Only to a limited extent are they held for fixed income by people to whom safety of the principal should be the main consideration, and their … Continue reading →

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Posted in Dow's Economic Indicator, FNM, FNMA, Richard Russell, Robert Rhea, William Peter Hamilton

Are the S&P 500 and the Dow exactly the same?

Posted on August 16, 2020 by | Leave a comment

We can’t emphasize enough how we are not stock market bulls.  We simply present the data.  In fact, we have a bearish leaning bias after critically reading the work of Richard Russell from the 1990’s until his passing in 2015.  … Continue reading →

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Posted in DJIA, Richard Russell, S&P 500

Primary Trend Indicator 1980-1989

Posted on July 25, 2020 by | Leave a comment

Below is the Richard Russell’s Primary Trend Indicator (PTI) from inception in 1980-1989. see also: PTI from 1972-1979

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Posted in PTI, Richard Russell

Primary Trend Indicator 1972-1979

Posted on July 21, 2020 by | Leave a comment

Below is the Richard Russell’s Primary Trend indicator from inception in 1972 to 1979.

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Posted in PTI, Richard Russell

San Diego City Building Permits

Posted on June 30, 2020 by | Leave a comment

Below is a chart of San Diego City building permit from 1894 to 1989 as found in Jon Strebler’s San Diego Housing Prices, 1887-1989: The Myth of Invincibility. Strebler was often quoted in Richard Russell’s Dow Theory Letters and was … Continue reading →

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Posted in California Real Estate, Jon Strebler, real estate, Richard Russell

1900-2020: Dow in Years Ending in Zero

Posted on June 27, 2020 by | Leave a comment

This from Richard Russell’s Dow Theory Letters dated December 19, 1979: “Note that all the zero years have started poorly and have been in a state of collapse by their 5th month (May). The single exception since 1900 was the … Continue reading →

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Posted in 1900, 2020, DJIA, Richard Russell, zero years

Chart of the Day: Inverted Yields from 1800 to 1965

Posted on May 2, 2019 by | Leave a comment

Below is a chart of inverted yields of American bonds as published in Richard Russell’s Dow Theory Letters on May 25, 1965.  What is most conspicuous about this chart?  The overall trend of lower highs (yields) and lower lows (yields).

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Posted in high yield, Interest Rate Monitor, interest rates, Low Yield, relative yield, yield

The “Even Greater” Depression of 1990 to 2019

Posted on March 28, 2019 by | Leave a comment

As the saying goes, “it is a recession when it happens to others and a depression when it happens to you.” In the last “Great” Depression from 1929 to 1945, Americans were well aware of the pain and misery that … Continue reading →

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Posted in 1929, DJIA, interest rates, Japan, Nikkei, QE, Quantative Easing

Dow, Hayek, and Graham: Price as Knowledge

Posted on March 16, 2019 by | Leave a comment

Price conveys knowledge, that is the conclusion of Russ Roberts in an EconTalk podcast with Don Boudreaux dated October 28, 2013. More specifically, Roberts was citing the work of F.A. Hayek’s “The Use of Knowledge in Society” dated 1945 and … Continue reading →

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Posted in Charles H. Dow, Dow's Value Theory, Graham and Dodd, Hayek, values