Click Here to Subscribe Now! Try a 3-month trial for only $68

Richard's Wisdom

Latest Articles

Richard's Thoughts On Bull Markets And Corrections

Richard's Comments

 

The single most difficult concept to get across to investors (and I say this after many years of writing about it) is the concept of the great primary trend of the market.

 

A primary trend, bull or bear, once set in motion, does not reverse until it is EXHAUSTED. A bull market such as this one, for example, will not top out until the bull forces have totally spent themselves.

PREMIUM - CLICK TO READ MORE

Richard’s Thoughts on the Strong Dollar

Richard’s Comments

 

If you're a fan of the US dollar, maybe this is "happy time." Larry Kudlow on CNBC keeps shouting that we need a "strong dollar" and that "a strong dollar will set stocks heading higher."  Kudlow may finally be getting his long-awaited strong dollar, but we'll just have to wait to see whether he gets his rising stocks as well.

 

A strong dollar should also be good for bonds, but bonds have more to worry about than just the dollar.  They have inflation to worry about plus the possibility that the economy may be turning up.

PREMIUM - CLICK TO READ MORE

Richard’s Thoughts on the Real Meaning of Gold

Richard’s Comments

 

Any company can go broke, and any stock can decline to zero. A company can go broke by possessing debt that it can't finance. A company can go broke if it has overhead that it can't carry (the reason for all the firing). A company can go broke if its sales collapse. A company can go belly up if its products are uncompetitive.

PREMIUM - CLICK TO READ MORE

Richard’s Thoughts on the Third Speculative Phase

Richard’s Comments

 

One question I am frequently asked is, "How do we know when a bull market is topping out?"

 

First, we must determine which sentiment phase the market is in. Normally, the stock market will only top out when it is in the speculative or third sentiment phase.

 

Strangely, most market analysts - almost all of whom are considerably younger than I am – are not acquainted with the sentiment phases of a bull market.

PREMIUM - CLICK TO READ MORE

Richard's Thoughts On Calming Down

Richard's Comments

 

Nothing created by the mind of man has ever equaled the stock market in terms of its sheer ability to frustrate people. Why is this? The answer is that the stock market frustrates because millions of traders and investors across the face of the US and the world are all trying to take money out of the market.

 

PREMIUM - CLICK TO READ MORE

Richard's Thoughts on Gold vs. Fiat Money

Richard’s Comments

 

I spend a lot of time wondering how the world is going to resolve the giant credit bubble problem. Right now, almost every living person, every state, every nation is a participant in the credit bubble.

 

The world and its citizens have bought what they want, and more, on credit, and now it's "payback" time. But nobody and no nation has enough money to pay off what they owe.

PREMIUM - CLICK TO READ MORE