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(RR We Love You, Get Well Soon)

Richard Russell snippet
Dow Theory Letters
Posted Nov 2, 2011

November 1, 2011

The following is from Mr Russell:

I'm dead tired. I'm looking for any excuse to get some rest. I take a shower, I slip on the soap suds below. My body comes slamming down to the floor. I can't lift my left leg at all. Something is obviously broken. My assistant calls for an ambulance. I'm delivered to Scripps Memorial Hospital in La Jolla. I have broken my hip and that same day I have a complete hip replacement. For three days I have post-surgery psychosis. I don't know where I am, I can't read newspapers, I have trouble recognizing anyone, including my children. On the 4th day I am lucid and sane once more. Meanwhile, the market is almost as chaotic as I am. Nothing really makes sense. A thousand stories and opinions invade the media. My own thinking is that the solution to this international mess is going to take years and the result will be a lower of standard of living in the U S. The idea of making money under our capitalistic system will change. The new focus will be how to avoid losing money. The new normal will be living on a survival scale. It will be slow and costly.

Richard, please get well soon.

At 87 and with a broken hip you are far more lucid than the group claiming to be financial analysts.

We love you.

RR bomber RR and Faye RR cacti RR hibiscus


Richard Russell
website: Dow Theory Letters
email: Dow Theory Letters

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