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Richard's Wisdom

January, 2017 Archives

Richard's Thoughts on More Record Highs

Richard's Comments

 

If the market changes, I change. I'm always trying to construct a scenario based on the latest "market language" as I interpret it.

 

For instance, if the Dow, the Transportation Average, the S&P, GDOW and bonds all break out to new highs on increasing volume, then the markets will be telling me that we will be enjoying good times for at least the next six months to maybe a year out.

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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.

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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.

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