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Richard Russell: More Bearish Than Ever

|Includes: QID, QQQ, ProShares UltraShort S&P 500 ETF (SDS), SPY

Richard Russell, the famous writer of the Dow Theory Letters is more bearish than ever: "We are now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the 30s, and maybe worse"

But even more worrisome is the recent Felix Zulauf`s interview where he stresses similar concerns and gives a long term price target of 500 points to the S&P 500 Index. Zulauf is the only market strategist that I know that has called all the major moves in the markets over the last couple of years. 

You can read some excerpts of Zulauf`s recent interview here

Disclosure: Short the US Stock markets via eMini S&P 500 Futures