By Richard Russell
Yesterday’s market ended on a weak note with the Dow down 286 at the close. Most analysts no doubt believe that we are now caught in the long awaited (and missing) ten percent correction. I am not so sure. I believe that the board has been wiped clean and we are ready for an upward explosion in US equities and perhaps new lows in bond yields. According to some pessimists, we are seeing the end of the US as a great and powerful nation.
I do not agree. I’m convinced that God has other plans for the US, plans that include silver and gold, which have been doing well in the face of the current near hysteria.
I am still on my promised vacation. But with it all, I can’t seem to stop writing. I can’t resist including the following passage from Emmet Fox’s famous book The Sermon on ... Log in or subscribe to continue reading.