From The Pragmatic Capitalist:
Jeff Saut continues to think the current dip should be bought heading into year-end. Yesterday’s action in the transports following Buffett’s purchase of BNI will certainly confirm Saut’s belief that we did not and will not get a Dow Theory sell signal.
After the near Dow Theory sell signal Saut was quick to quote [Richard] Russell, who has been quite cautious of late:
The secret of the direction of the great primary trend of the market lies in...
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