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Richard's Wisdom

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Richard's Thoughts on Bull Market Corrections

Dear Subscribers,

 

Today's article by Richard is very timely. Once again he reminds us of the power of the primary stock market trend. This also helps put this week's action into perspective...

 

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.

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Richard’s Thoughts on Anxiety and Manipulation

Richard’s Comments

 

Anxiety -- The plague that's enveloped the US is anxiety. Anxiety can wear you out and eventually kill you (check your blood pressure). The current dismal economy has generated fear and anxiety across America. Here's what I've learned about anxiety (through many years of therapy). Some people have been anxious all their lives -- they've grown so used to being anxious that they don't feel it or sense it. But believe me, it's there!

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Richard’s Thoughts on Frequently Asked Questions

Richard’s Comments

 

I've received a carload of questions over the last few days. I can't answer each question individually, but I'll try to provide my answers to frequently asked questions.

 

Question -- I've been reading numerous reports from highly-regarded economists, and they all list a long litany of troubles which they warn will hit the US economy. The list runs from a housing collapse, continuing deficits, a sinking dollar, an unending war in Iraq and in Afghanistan, on and on. How can we expect the stock market to hold up in the face of so many potential disasters?

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Richard's Thoughts on Gold

Richard's Comments

 

As far as I can see, there's only one "safe haven" in the rapidly changing world of today. It's an item that has served as a safe haven for 6,000 years. Because gold is the only item that can't go bankrupt, for thousands of years, gold has been treated as pure wealth.

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Richard’s Thoughts on the Great Dow Theorists

Richard’s Comments

 

E. George Schaefer of Indianapolis was a major figure in the history of Dow Theory. Schaefer started his career as a stock broker with Goodbody & Co. He spent many years studying the work of the great Dow Theorists who preceded him. 

 

But Schaefer concentrated his studies on the brilliant and original writings of Charles Dow. Schaefer was a firm believer in VALUES. One of Schaefer's favorite quotes from Dow was, "An investor who will study values and market conditions, and then exercise enough patience for six men, will likely make money in stocks."

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