From The Pragmatic Capitalist:

A recent article at MarketWatch by Mark Hulbert said Richard Russell was now bullish on the stock market despite just recently saying that the market was in a bear market rally. Hulbert wrote:

Richard Russell, editor of Dow Theory Letters, is one of the technical analysts who, in light of the joint new highs of both the Dow Industrials and the Dow Transports, are now officially bullish on both the secondary and primary trends of the stock market.

So has Russell flip flopped in just a week? Not even remotely. Although Russell’s short-term indicators are bullish he is still skeptical of the market rally and maintains his position that the market is due for another vicious downturn. Just yesterday Russell wrote...

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More from the great Richard Russell:

How a rich investor views gold

The White House's secret plan for the dollar

Richard Russell: Why you must hold gold for the long term...