Sep 6, 2008

Richard Russell: "We are not breaking the January lows"

The very near-term picture is that the market will hold here, and so far, and this is not my opinion, the market is saying, "This is it, we are not breaking the January lows." How much more bad news can we get? The market may have discounted the worst that can be seen ahead.

~ Richard Russell, editor, Dow Theory Letters, "Is the Bear Dead?," EQUITIES, May 2008

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