Is One Of Richard Russell’s Last
& Most Shocking Predictions Now Unfolding?"I believe a great speculative third phase lies ahead for this bull market. The coming third phase will see the stock market climb far higher than even the bulls think possible. The question is: is it too late to enter the stock market? In the third phase of a bull market, usually more money is made than in the first two phases combined. Thus, I foresee the possibility of large gains if a third and final speculative phase is ahead. My advice is that you assume an initial position in DIA or SPY on any weakness. What will be the leverage that will drive up the stock market in the coming third speculative third phase? The answer is human hysteria and greed. And never before seen, sky-high price-to-earnings ratios. This piece may sound like a reversal of thinking on my part. But it is based on a weekend of deep thinking and memories of 1957. As for timing, I believe the coming third phase could last until 2016. It will have the effect of placing the United States as the continuing world leader."
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