Tuesday, 29 December 2015
Monday, 28 December 2015
Monday, 21 December 2015
Monday 21December2015 - John Mauldin's Tribute to Richard Russell
Clip from John Mauldin's 25November Outside the Box newsletter.
I was saddened this week to learn that my friend Richard Russell had passed away over the weekend. He was 91. Dick was an icon of the investment analyst industry. He launched his Dow Theory Letter in 1958 and had writen the letter continuously ever since. He became famous for his uncanny calls of the twists and turns in the market. Early in the last decade he moved onto the Internet and began to write a daily commentary, which had a wide and loyal following. The expanded space gave him the opportunity to share his life with us. And what a life he had.
A World War II combat bombardier, jazz enthusiast, raconteur; he could sit and tell stories of his old Brooklyn neighborhood for hours. He recently noted the passing of his last high school buddy, as one by one the old fighters from World War II are disappearing.
The Dow Theory Letter is the oldest investment service written continuously by one person. He mentored so many of us. I always enjoyed going to La Jolla and reaching out to Dick (and his wife Faye), and we would have an early dinner somewhere. Even in his mid-80s he felt compelled to get up early to study the markets so that he could write, which meant early to bed.)
I organized a tribute dinner for Dick about six years ago in San Diego. My original thought had been to get together as many of the investment writers who began in the ’80s and ’90s as possible and simply honor one of our own, before he passed on and it was too late. Somehow, the evening morphed into a rather fabulous and elaborate banquet for some 400 people from all over the world.
One of the more amazing aspects of the event was Richard sitting at the head table with all three of his wives and their four kids, and then working the room like the Godfather of the industry that he was. Everyone was laughing and having a great time. Along with all the personal tributes from the attendees, Mark Skousen presented him with a book called Fifty Years on Wall Street, which included tributes from his readers and many compatriots in the business.
Dick was a true believer in gold and diamonds, as well as dividend-paying stocks. The diamonds were part of his Jewish heritage – he often told me that you can put them in a small bag and take them anywhere.
During his response that evening, he talked about the country, the markets, and the future. Although the following aren’t exactly his words on that occasion, they are his words, and they do reflect what he said:
He sadly didn’t live to see that great gold bull market that he so passionately believed in. Those of you who would like to read a note from his family can click here. You can read the tributes from the book we did at this link.
As I get ready to start baking cakes and otherwise preparing for the big gathering tomorrow, there are so many things I’m thankful for. One of them is you and the generous gift of your time and attention to my musings, which has given me a life far beyond what I could have imagined 15 or 20 years ago. Perhaps, like my writing hero Richard Russell, I will still be writing to you when I’m 90. And you will still be reading.
Have a great week and don’t forget, calories don’t count on Thanksgiving!
Your getting his chef hat on analyst,
John Mauldin, Editor
Outside the Box
JohnMauldin@2000wave.com
Clip from John Mauldin's 25November Outside the Box newsletter.
Richard Russell, RIP
I was saddened this week to learn that my friend Richard Russell had passed away over the weekend. He was 91. Dick was an icon of the investment analyst industry. He launched his Dow Theory Letter in 1958 and had writen the letter continuously ever since. He became famous for his uncanny calls of the twists and turns in the market. Early in the last decade he moved onto the Internet and began to write a daily commentary, which had a wide and loyal following. The expanded space gave him the opportunity to share his life with us. And what a life he had.
A World War II combat bombardier, jazz enthusiast, raconteur; he could sit and tell stories of his old Brooklyn neighborhood for hours. He recently noted the passing of his last high school buddy, as one by one the old fighters from World War II are disappearing.
The Dow Theory Letter is the oldest investment service written continuously by one person. He mentored so many of us. I always enjoyed going to La Jolla and reaching out to Dick (and his wife Faye), and we would have an early dinner somewhere. Even in his mid-80s he felt compelled to get up early to study the markets so that he could write, which meant early to bed.)
I organized a tribute dinner for Dick about six years ago in San Diego. My original thought had been to get together as many of the investment writers who began in the ’80s and ’90s as possible and simply honor one of our own, before he passed on and it was too late. Somehow, the evening morphed into a rather fabulous and elaborate banquet for some 400 people from all over the world.
One of the more amazing aspects of the event was Richard sitting at the head table with all three of his wives and their four kids, and then working the room like the Godfather of the industry that he was. Everyone was laughing and having a great time. Along with all the personal tributes from the attendees, Mark Skousen presented him with a book called Fifty Years on Wall Street, which included tributes from his readers and many compatriots in the business.
Dick was a true believer in gold and diamonds, as well as dividend-paying stocks. The diamonds were part of his Jewish heritage – he often told me that you can put them in a small bag and take them anywhere.
During his response that evening, he talked about the country, the markets, and the future. Although the following aren’t exactly his words on that occasion, they are his words, and they do reflect what he said:
The end of capitalism will be due to the
unbelievable amount of debt that is currently being created. This will create
monster inflation that will destroy every currency. The only currency that
cannot be destroyed is gold. When investors realize this, we’ll have the makings
of the greatest bull market in gold ever seen.
He sadly didn’t live to see that great gold bull market that he so passionately believed in. Those of you who would like to read a note from his family can click here. You can read the tributes from the book we did at this link.
As I get ready to start baking cakes and otherwise preparing for the big gathering tomorrow, there are so many things I’m thankful for. One of them is you and the generous gift of your time and attention to my musings, which has given me a life far beyond what I could have imagined 15 or 20 years ago. Perhaps, like my writing hero Richard Russell, I will still be writing to you when I’m 90. And you will still be reading.
Have a great week and don’t forget, calories don’t count on Thanksgiving!
Your getting his chef hat on analyst,
John Mauldin, Editor
Outside the Box
JohnMauldin@2000wave.com
Tuesday, 1 December 2015
Thursday, 26 November 2015
Monday, 23 November 2015
Wednesday, 21 October 2015
Saturday, 17 October 2015
Friday, 16 October 2015
Thursday, 8 October 2015
Wednesday, 7 October 2015
Wednesday, 30 September 2015
Wednesday 30September2015 - SP500 Blast From the Past!
Below is a chart I constructed a few years ago of the 2007-2009 Bear Market as it played out with the SP500 Index. The wave structure is based on Elliott Wave Theory.
This is just a real life example of how the previous major bear market played out.
As of this past week we may now have entered a major stock market correction.
Whether we have or have not will unfold in the coming weeks and months.
This chart illustrates the internal up and down legs of a major bear market in equity markets.
If we are currently entering a major bear market, it need not follow the timeline and percentages of the 2007-2009 bear market. The US Federal Reserve and HFT (High Frequency Trading driven by very smart computer trading algorithms) has really upset and disturbed the natural rhythms of stock markets and their relationship to economic cycles.
Posted at original size.
Below is a chart I constructed a few years ago of the 2007-2009 Bear Market as it played out with the SP500 Index. The wave structure is based on Elliott Wave Theory.
This is just a real life example of how the previous major bear market played out.
As of this past week we may now have entered a major stock market correction.
Whether we have or have not will unfold in the coming weeks and months.
This chart illustrates the internal up and down legs of a major bear market in equity markets.
If we are currently entering a major bear market, it need not follow the timeline and percentages of the 2007-2009 bear market. The US Federal Reserve and HFT (High Frequency Trading driven by very smart computer trading algorithms) has really upset and disturbed the natural rhythms of stock markets and their relationship to economic cycles.
Posted at original size.
Wednesday 30September2015 - SP500 Index Sell Signal!
This week on a technical chart basis the SP500 Index flashed a major sell signal.
This is a chart I maintain at stockcharts.com
The signal is in the right upper corner of the chart.
Refer to details in the chart below re the signals.
Note how few of these major signals have been signalled in the past 14 years.
The only thing that might quickly reverse this signal is the US Federal Reserve kicking in with QE4.
This is a big chart. Click the chart to enlarge.
Try to view on a large computer screen. A smartphone or tablet screen is to small.
This week on a technical chart basis the SP500 Index flashed a major sell signal.
This is a chart I maintain at stockcharts.com
The signal is in the right upper corner of the chart.
Refer to details in the chart below re the signals.
Note how few of these major signals have been signalled in the past 14 years.
The only thing that might quickly reverse this signal is the US Federal Reserve kicking in with QE4.
This is a big chart. Click the chart to enlarge.
Try to view on a large computer screen. A smartphone or tablet screen is to small.
Thursday, 17 September 2015
Thursday - 17Sept2015 - The US Fed Screws Up Once Again!
When will this charade ever end???
Clip and comment from Danielle Parks blog.
Personally I think these Central Bank thugs should be rounded up and then hung up upside down from their ankles now in Florida or later in winter Alaska to pay for their reckless management of our economies.
When will this charade ever end???
Clip and comment from Danielle Parks blog.
Personally I think these Central Bank thugs should be rounded up and then hung up upside down from their ankles now in Florida or later in winter Alaska to pay for their reckless management of our economies.
Monday, 7 September 2015
Wednesday, 2 September 2015
Wednesday, 26 August 2015
Tuesday, 25 August 2015
Saturday, 15 August 2015
Friday, 14 August 2015
Sunday, 9 August 2015
Saturday, 8 August 2015
Wednesday, 22 July 2015
Monday, 20 July 2015
Sunday, 19 July 2015
Wednesday, 8 July 2015
Friday, 3 July 2015
Thursday, 2 July 2015
Thursday 02July2015 - Chart of the Day!
From Globe and Mail
Comparison of GDP Growth of more correctly LACK OF GROWTH in European Euro Zone countries.
Germany has used the European Economic Union and control of the Euro Zone banking policies for its own selfish economic growth. Even France growth is stagnating and Italy is being crushed.
From Globe and Mail
Comparison of GDP Growth of more correctly LACK OF GROWTH in European Euro Zone countries.
Germany has used the European Economic Union and control of the Euro Zone banking policies for its own selfish economic growth. Even France growth is stagnating and Italy is being crushed.
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