Richard Russell, American finance writer, Died at 91


Richard Lion Russell was born on July 22, 1924, and died on November 21, 2015, he was a writer on finance.

Richard was born in New York, the son of Hortense (Lion) Russell, a novelist, and Henry Harold Russell, a civil engineer.

He educated at Rutgers and received his BA at NYU.

Richard flew as a combat bombardier on B-25 Mitchell Bombers with the 12th Air Force during World War II.

He began publishing a newsletter called the Dow Theory Letters in 1958.

The Letters cover his views on the stock market and the precious metal markets.

In addition, Richard frequently shares episodes in his life and thoughts about the world as he sees it, following the stock market since the 1950s.

Stock analyst Robert Prechter wrote in his 1997 book: “Richard has made many exceptional market calls.

Richard recommended gold stocks in 1960, called the top of the great bull market in stocks in 1966 and announced the end of the great bear market in December 1974.”

In 1969 Russell devised the Primary Trend Index, composed of eight market indicators that he never publicly divulged – his own secret recipe.

When his index outperformed an 89-day moving average, it was time to buy.

When it under performed the 89-day moving average, a bear market was at hand.

The Letters, published every three weeks (, cover the US stock market, foreign markets, bonds, precious metals, commodities, economics plus Richard comments and observations and stock market philosophy.

Richard also writes daily entries (Richard’s Remarks) about 4 times a week on his website.

He started his career in finance through a series of articles in Barrons newspaper.

Richard published a book named The Dow Theory Today in 1958, summing up his view of the Dow Theory.

He has also been cited by Bob Prechter using the Elliott wave principle.

Richard also produces chart books showing technical analysis and important events which occur each year.

The chart books are further described on his website.

Richard passed away at age 91 in November 2015.