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 Welcome to Dow Theory Letters

A Leader and Innovator in Technical Stock Market Analysis

 for over 50 Years!

 

Founder Richard Russell's team of talented analysts work daily to bring you the best of primary trend analysis, investor education and intelligent investing advice.

 

How We Are Different

  • We believe in “market timing.” Our goal is to get you out at the top and in at the bottom of major, long-term market moves.
  • Daily edition. Dow Theory Letters is published daily, an hour after the market closes, at 2 pm, Pacific Standard Time. 
  • Value. We provide the analysis of our entire team to you for one low price.

 

What You Get

  • Daily market analysis from one of our outstanding columnists
  • "Richard's Wisdom" -- weekly column of selected past writings of Richard Russell, with commentary from the Dow Theory team relating them to market conditions today
  • The Primary Trend Index (PTI) our proprietary trend indicator
  • Market data section with everything you need to get a full picture of how the market is evolving

 

 


Quote of the Day

“I don’t pay good wages because I have a lot of money; I have a lot of money because I pay good wages.” - Robert Bosch

Richard's Thoughts on Playing Against the Professionals

Richard’s Comments

 

I've been dealing with the stock market for 60 years (gad, that's a long time) or ever since 1946. My experience, and I hesitate to say this because it sounds cruel, is that most people lose money in the market over any extended period of time.

 

In my 60 years I've made a slew of mistakes, and I've also done a lot of things right – but most important, I've learned how to be a successful investor. I've learned with my own money and with other accounts that I manage. Finally, I think I know why most people lose money over their years of investing.

 

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China, China, China… The Sleeping Giant No More!

By Chuck Butler

 

Well, here I am… In S. Florida, soaking up the sun whenever I can.

 

It’s been “chilly” for S. Florida so far this winter, but the scoreboard showed today… S. Florida 68, St. Louis 16!   That’s a blowout! So, I remind myself all the time, down here, that it’s all relative compared to back home…

 

The currencies have really taken a HUGE step upward VS the dollar in the past week.

 

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The Psychology of Traffic

By Jon S. Strebler 

 

Just got back from five weeks of travel: twice up and back the length of the West Coast (once by car, once by air), interspersed by tooling around England, Oslo, and Spain for three weeks. The final leg home involved the tortuous ritual of driving through Los Angeles, with stop and go traffic even on a Sunday afternoon.   

 

I don’t care much for Randy Newman and his songs, never more so than his “I Love L.A.” We in San Diego love to hate L.A., our big, flashy, crowded northern neighbor that we bristle at being lumped together with in outsiders’ minds. 81 degrees at 4 pm in the middle of January, stuck and literally sweating in traffic – yuck!

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How to Think About Hedging Against Inflation

By Matthew Kerkhoff

 

One of the topics that seems to be on the minds of investors right now is the idea of rising inflation. The recent global economic upturn, combined with a stimulative tax package, is causing some to believe that we’re about to see the whites of inflation’s eyes.

 

If that truly is the case, how should we handle this as investors? Should we move our portfolios into asset classes that have been deemed good “hedges” against inflation?

 

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