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 Welcome to Dow Theory Letters

A Leader and Innovator in Technical Stock Market Analysis

 for over 50 Years!

 

Richard Russell and his team of talented analysts work daily to bring you the best of primary trend analysis, investor education and intelligent investing advice.

 

How We Are Different

  • We believe in “market timing.” Our goal is to get you out at the top and in at the bottom of major, long-term market moves.
  • Daily edition. Dow Theory Letters is published daily, an hour after the market closes, at 2 pm, Pacific Standard Time. 
  • Value. We provide the analysis of our entire team to you for one low price.

 

What You Get

  • Daily market analysis from one of our outstanding columnists
  • Daily commentary and musings from analyst emeritus Richard Russell
  • The Primary Trend Index (PTI) our proprietary trend indicator
  • Market data section with everything you need to get a full picture of how the market is evolving

 

 

Quote of the Day

"Character is much easier kept than recovered." Thomas Paine

A More Humane World

By Richard Russell

 

All eyes are on the US economy. My secret suspicion is that the economy is improving; I also think the state of the world is improving. Today’s New York Times featured a piece on the brutality of football. The evidence on football damaging players physically is overwhelming. It’s now a case of big money versus human lives. I believe the future of football in America is negative. 

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A Dangerous Geopolitical Situation

By Benjamin J. Butler

 

Seoul, South Korea

 

[We are facing ] "a geopolitical situation perhaps as dangerous as any we have faced since World War II." Jacob Rothschild, in his recently released investor report for 2014

 

When I heard the news of the American Ambassador to South Korea, Mr. Lippert, being attacked by knife this morning, I had some goose bumps.  For a number of weeks now, I have been suggesting that something was going on in Korea. I couldn’t exactly put my finger on it, but change – even reunification – could happen. Readers might recollect that we thought it was highly significant that Obama sent one of his close confidents as Ambassador last year. This is no mere coincidence.  Back in 2007 Ambassador Lippert received an e mail from then-Senator Obama saying "I miss you, brother."  I think he was dispatched to the Korean Peninsula in anticipation of something. When I say to friends of mine who have had conversations with senior ex-diplomats and policymakers in China and Korea that I think Re-unification might suddenly happen in the next year or two, none of them think I am crazy. I also met a lady from an NGO that helps North Koreans integrate into South Korean society and she said that they are much more knowledgeable about global trends than in the past. Clearly information is getting in. Watch this space. 

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Better Times Ahead

By Richard Russell

 

I have a firm belief that the US and the world are heading for vastly better times. It may start with medicine, and as a guess, I will forecast scientists will find a cure for cancer. Cancer is an autoimmune disease and in that field we find MS and Alzheimer’s. I believe the field of autoimmune diseases will be conquered in coming years. This will be an astounding step forward in medicine, comparable to the discovery of antibiotics and bacteria as a source of infection.

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Buybacks Pushing Higher

By Matthew Kerkhoff

 

There are a number of ways that companies can boost earnings per share (EPS) to show earnings growth. The most obvious is by actually growing the business. Increasing top line revenue will translate into increased earnings, and increased earnings per share. Companies can also engage in cost reduction measures, allowing more of their top line revenue to pass through to earnings. A third, and popular method employed by today's corporations, is to buy back their own shares.

 

According to Data from TrimTabs Investment Research, corporate buybacks are at record levels. It's a trend that's been in place for many years, and it may be playing a strong role in driving the market higher.

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