FINANCE/USA

ITM TRADING: Sage Financial Advice From Legendary Richard Russell
My birthday comes up on July 22. On that day I'll have survived for 79 years. Honestly, I never thought I'd get this far.
So, how am I celebrating 79 years on planet earth? One way is that I made a decision. Today (I've been thinking about this for weeks) I sold ALL my bonds, every last one.

Why did I do it? I did it because the US is heading for maybe the greatest financial mess in world history. The US is far too extended financially, militarily and socially (socially in the way of entitlements that we can't afford and can't pay for).

Richard Russell gained wide recognition via a series of over 30 Dow Theory and technical articles that he wrote for Barron's during the late-'50s through the '90s. Through Barron's and via word of mouth, he gained a wide following. Russell was the first (in 1960) to recommend gold stocks. He called the top of the 1949-'66 bull market. And almost to the day he called the bottom of the great 1972-'74 bear market, and the beginning of the great bull market which started in December 1974. The Letters, published every three weeks, cover the US stock market, foreign markets, bonds, precious metals, commodities, economics --plus Russell's widely-followed comments and observations and stock market philosophy.