Bonmot #38: Des Ende des Bear Markets?

by rwilli on 5. Juli 2009

“When will the decline end? This bear market will end the way all great bear markets have ended – at the level when blue chip stocks become “great values”. By great values I mean the Dow selling at less than 10 times earnings and with the dividend yield on the Dow in the 5-6% zone.”

Richard Russel, Dow Theory Letters, 22.6.2009

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