Russell began publishing Dow Theory Letters in 1958, and he has
been writing the Letters ever since (never once having skipped a
Letter). Dow Theory Letters is the oldest service continuously written
by one person in the business.
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.
In 1989 Russell took over Julian Snyder's well-known advisory service,
"International Moneyline", a service which Mr. Synder
ran from Switzerland. Then, in 1998 Russell took over the Zweig
Forecast from famed market analyst, Martin Zweig. Russell has written
articles and been quoted in such publications as Bloomberg magazine,
Barron's, Time, Newsweek, Money Magazine, the Wall Street Journal,
the New York Times, Reuters, and others. Subscribers to Dow Theory
Letters number over 7,000, hailing from all 50 states and dozens
of overseas counties.
A native New Yorker (born in 1924) Russell has lived through depressions
and booms, through good times and bad, through war and peace. He
was educated at Rutgers and received his BA at NYU. Russell flew
as a combat bombardier on B-25 Mitchell Bombers with the 12th Air
Force during World War II.
One of the favorite features of the Letter is Russell's daily Primary
Trend Index (PTI), which is a proprietary index which has been included
in the Letters since 1971. The PTI has been an amazingly accurate
and useful guide to the trend of the market, and it often actually
differs with Russell's opinions. But Russell always defers to his
PTI. Says Russell, "The PTI is a lot smarter than I am. It's
a great ego-deflator, as far as I'm concerned, and I've learned
never to fight it."
Investors Intelligence is the organization that monitors almost
ALL market letters and then releases their widely-followed "percentage
of bullish or bearish advisory services." This is what Investors
Intelligence says about Richard Russell's Dow Theory Letters: "Richard
Russell is by far the most interesting writer of all the services
we get." Feb. 19, 1999.
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