“Richard Russell, the author behind the Dow Theory Letters, has long been one of the most bearish voices in the market.
So, it was a shock back in March when he told his followers to buy stocks.
While his sentiment continues to be overwhelmingly bearish, for now he reiterates his bullishness toward the market.
Here’s Russell via King World News:
“To be honest, I’m outright bullish on the market myself. Strange, I woke up Sunday morning with this dream. Bear markets are meant to clean out the financial garbage, and put the fear of God into investors and politicians. The crash of 2008-09 failed to do that, mainly because the Fed stepped in and reputedly saved the US and the world from disaster….”Twitter