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Richard's Remarks

 

Some of my new subscribers may think that I enjoy bear markets. Believe me, nothing could be further from the truth. I have five children: four girls and a boy; I have two ex-wives, and a sister who is four years younger than I am. I feel responsible for all these souls, and the last thing I need is a brutal bear market to struggle with.

 

I also have a real allegiance to my subscribers, many of whom have been with me for over half a century. In view of all the foregoing, I can say with full honesty that I don't enjoy or look forward to bear markets.

 

I say this with the knowledge that "whatever can go wrong, tends to go wrong in a primary bear market." And we are in a bear market -- one that ultimately may turn out to be the worst in history.

 

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